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Stimulus unlikely to help banks in near term; stick to quality stocks
May 18, 2020 | By Moneycontrol.com
business
Experts believe that banks are going to have tough days ahead as the possibility of a sharp rise in NPAs due to coronavirus-led disruption is higher.
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In the last few days, the government has announced a slew of measures in an attempt to mitigate the economic fallout of COVID- 19. The measures had banks, NBFCs, MSMEs and agri sector in focus. In the first tranche of the mega stimulus package on May 13, the
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