InvestorQ : What will be effect on banknifty on the central govt announcement of compound int waiver
K MOHAN KRISHNA made post

What will be effect on banknifty on the central govt announcement of compound int waiver

Answer
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4 weeks ago
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The compound interest waiver cost of Rs.7500 crore is being entirely borne by the government. There will be no burden on the bank balance sheets. Hence the move is unlikely to impact the valuations of banks and therefore would have limited impact on the Bank Nifty.
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