OUTLOOK - Blogs

OUTLOOK - Blogs:

"Banking, Financial Services and Insurance sector (BFSI)
Under Budget 2010, the repayment period of credit availed by farmers has been extended. This could hurt PSU banks having sizeable rural exposure.
There were no comments about hiking foreign partner stake in insurance companies from the current limit to 49 per cent, which industry players expected.
The Budget also proposed more banking licences for NBFCs and private players, which is a positive for companies such as IDFC.
The finance minister proposed to set aside Rs 16,500 crore as minimum 8 per cent tier 1 capital by March 2011. This should be favourable for PSU banks. However, it might also dilute their earnings per share (EPS)."