Macquarie Prefers Private Banks, Says PSU Bank Rally Unwarranted. Here’s Why
The counters in the banking hall of a state-owned bank in India. (Photographer: Sondeep Shankar/Bloomberg News.)

Macquarie Prefers Private Banks, Says PSU Bank Rally Unwarranted. Here’s Why

The recent rally in Indian public sector banks, driven by the government’s proposed recapitalisation, may not be justified as the funds infused will be insufficient for any tangible growth.That’s w...
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