Sector rating likely being reviewd and I just caught the natter, Don't believe it when they say margin impact is a -20 bps, if it is this quarter will likely be a margin impact of -60-80 bps and the expected 16-17% credit growth similarly only expected from afew like HDFC Bank,. For the Apr - June Q! most private and public banks will get margin expansion with a 1 tln almost off the SLR securities rate of 0.25%

Also FY13 credit growhtth is likely to be rerated upward later. 

S&P is focsing public comments on Asset quality for Indian Banking sector, that likely means focus remains ofn if government owned banks can manage

Posted via email from The India Investment Post