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CRR cut puts bank stocks back on fund managers' radar
Banks are back on fund managers’ radar. With a 50 basis points (bps) cut in their Cash Reserve Ratio (CRR) and rising anticipation of reduction in key policy rates, mutual fund (MF) equity managers are taking a quick buy call on the banking counter.
In January alone, amid a bull run in the equity markets, the equity asset allocation of fund houses to banks rose by 176 bps. The development came
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