25
October
The Great Bank Recap: Investors must pick the big boys on the Street
While the contours of the recap plan are being worked out, the Street is in a mood to party, lifting all PSU bank stocks irrespective of quality.
Madhuchanda Dey
Moneycontrol Research
The last salvo has been fired, even if it is a few days too late for Diwali. After working with a piecemeal approach, the government has finally announced a mega recapitalisation package for banks. While the contours are being worked out, the Street is in a mood to party, lifting all PSU bank stocks irrespective of quality. Will the celebrations go on,