Psu recap googley is bad news for GICre as the focus will shift to psu banks all up 15% to 20% .. so which media house will focus on GIC ... lets see how the govt and lic support gic re as book is being built n dd supply is being guaged .... hope it stays above 700
Indian markets are expected to open gap up at all-time highs tracking the government’s ambitious plan to recapitalise public sector banks (amounting to ~| 2.1 lakh crore) and boost investment cycle through aggressive road building pan-India (amounting to ~| 7 lakh crore).