There can be a lot of moves in the financial stocks that incorporate banks like ICICI and SBI. The numbers in LIC Housing finance. SBI and ICICI are seen to be going up. The recovery has been happening at a faster pace than expected and the quality of the asset is also better. Since the values are compelling the investors are catching up in financial space.
The government has been trying their best as it had done in the case of YES Bank, The government had granted funds to sustain it. Few of the smaller banks have been merged. The government will also look forward to privatizing it. It is expected to be a good step for the financial sector.
It is believed that the gold financial companies will benefit as it is a form of liquid asset which can facilitate the funding in rural areas. There has been a tremendous growth in Mannapuram and Muthoot. Since the Federal Bank has underperformed big time they are expecting for some good opportunities for the investors for gold as well as the overall functioning of the bank.