MUMBAI: Shares of most state-owned banks have rallied since demonetisation on the back of swelling deposits and falling treasury yields, and are surprisingly turning out to be better performers than their private-sector counterparts, even as the problem of bad loans continues to weigh.
In a surprise move to curb black money, terrorism finance and fake notes, the government on 8 November banned Rs500 and Rs1,000 currency notes
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