scorecardresearchDespite low valuations, should you buy banking stocks amid interest rate hikes?

Despite low valuations, should you buy banking stocks amid interest rate hikes?

Updated: 27 May 2022, 03:45 PM IST
TL;DR.
Banks are likely to gain from the country's economic growth. Rate hikes remain a reality but it is a short term phenomenon and also, banks have the option to pass on the rate hikes to borrowers.
Most analysts are positive about banking stocks and expect them to give good returns because of their cheaper valuation and hopes of healthy economic growth. Photo: Pixabay

Most analysts are positive about banking stocks and expect them to give good returns because of their cheaper valuation and hopes of healthy economic growth. Photo: Pixabay