A danger sign warning of an unstable cliff stands on a cliff edge. (Photographer: Chris Ratcliffe/Bloomberg)
Bank Mergers: Anchor Banks’ Stocks Are ‘Valuation Traps’, Says Macquarie Capital
Macquarie Capital Securities’ Suresh Ganapathy says that investors would be best advised to stay away from the stocks of state-run anchor banks, which are proposed to be merged with their smaller p...