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Positive on PSU Banks: Deven Choksey

PUBLISHED ON: October 27, 2014 | Duration: 8 min, 26 sec

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Deven Choksey, MD of KR Choksey Securities, said the government's actions in reviving the power sector will also benefit public sector banks whose assets are locked up in some power-generating companies. Along with the easing of pressure in non-performing assets, a likely fall in interest rates will also benefit the public sector banks, he added.
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