It may take RBI few more months to start cutting rate: Roopali Prabhu of Sanctum Wealth
New Delhi, Feb. 12 -- Roopali Prabhu, CIO and Head of Products and Solutions at Sanctum Wealth, said that it may take a few more months for the RBI to start cutting the rate. She also expects global cues to be a factor in the timing of the rate cut.
In an interview with MintGenie, Prabhu stated that PSU banks have been improving asset quality with their RoAs and RoEs also stable, and hence, they are ripe for re-rating.
Edited excerpts:
The last few budgets were development and inclusion-focused, yet considering this was the budget prior to elections there were some apprehensions in markets that the budget could have a populist tilt. The finance minister showed restraint and demonstrated continued commitment to development and inclusion...
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