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Large private sector banks are safe bets for investments in BFSI stocks

High collections boost sentiment, but clarity on gross NPAs will emerge only after December

Sanjay Kumar Singh New Delhi
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Large private sector banks are safe bets for investments in BFSI stocks

3 min read Last Updated : Nov 05 2020 | 12:24 AM IST
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The Nifty Financial Services Index is down 8.9 per cent over the past year. However, it has rebounded strongly in recent months: It has risen 13.8 per cent over the past month and 16.4 per cent over the past three months. The big question is whether this rebound will sustain. A number of factors have contributed to the recent rally in banking and financial services stocks. “Going by the high-frequ

Topics :private sector banksBFSI

First Published: Nov 05 2020 | 12:20 AM IST

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