i really dont understand where the figures have come from , ONGC had an Operating Profit of over 8100 cr. and Net profit of over 4100 CR. HPCL had a net loss of 607 Cr. , BPCL had a net loss of around 600 Cr.. MY FRIEND CAN YOU ADD ???
Also are you willing to pay Rs. 100 for petrol ? you might have lots of money but most people in India dont.
and yes these banks are essentially govt owned so they CAN decide to hike interest rates or not. yes its true that ideally we should not intervene in the market functions , but this is mostly in the case of capitalist economies , we are not.
and which stock did not go down , just tell me , everything went down, then what ? if anything there has been a sharp rally in the banking index. one more view , if interest rates rise , less people take loans , so less profit hence you will complain again ??
come on mate , stop writing something just for the heck of it...
