Bank Mergers: Anchor Banks’ Stocks Are ‘Valuation Traps’, Says Macquarie Capital
A danger sign warning of an unstable cliff stands on a cliff edge. (Photographer: Chris Ratcliffe/Bloomberg)

Bank Mergers: Anchor Banks’ Stocks Are ‘Valuation Traps’, Says Macquarie Capital

Macquarie Capital Securities’ Suresh Ganapathy says that investors would be best advised to stay away from the stocks of state-run anchor banks, which are proposed to be merged with their smaller p...
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