Public bank stocks could rally 30% if government hikes foreign ownership cap to 49%
If India raises the foreign investment limit in PSU banks to 49 percent, the move could attract about $4 billion in MSCI-linked inflows and trigger sharp gains in the sector.
If India raises the foreign investment limit in PSU banks to 49 percent, the move could attract about $4 billion in MSCI-linked inflows and trigger sharp gains in the sector.
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