BANKNIFTY Done Sab nikal diya RBI has front loaded all cuts Not much more expected going forward Only SLR left as liquidity weapon Now a refinancing-cum-mini central bank needed for micro-fin Can be done leveraging Mudra funds + fresh public-pvt equity This is a systemic risk developing that can lead to a desi sub-prime crisis
BANKNIFTY 3rd attempt failure hua toh out Thoda hedged play happening in options b4 RBI policy tomorrow No clear signal This time CRR cut required 4.5 too high Otherwise rate cut transmission bhi nahi hoga Just OMOs not enough Provisioning for MFI hazard also squeezing liquidity