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Public Sector Banks Still Not Cheap: Morningstar India

PUBLISHED ON: May 11, 2015 | Duration: 34 min, 13 sec

  
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Suruchi Jain, equity research analyst at Morningstar India Investment Adviser, told NDTV that public sector banks (PSU) are likely to see stress on their asset quality for another one-two quarters. Most of the PSU banks are still trading at their historical average of one times their book value, she added.
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