The government’s plan to infuse Rs 2.11 trillion ($32 billion) into state-run banks has triggered a stock market rally. While some analysts are still debating on how far would this step help the banks deal with bad loans, a few analysts say the move would eventually lead to consolidation in the banking sector. Stock market analyst Deven Choksey gives an insight into what the recapitalization plan means for the public-sector banks.
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