How the landmark decision by the Supreme Court on Essar Steel will benefit Banks?

Public sector banks were the key gainers on Friday after the Supreme Court of India said the resolution of Essar Steel would proceed as per the October 2018 plan, clearing the way for ArcelorMittal to acquire the bankrupt company. The Nifty PSU Bank itself gained nearly a percent on top of 3.3 percent gains.  The …

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