The 2015-16 Macro-Economic Survey tabled in the Parliament on Friday, stated the need for consolidation, strategic divestment and the 4 R‘s namely recognition, recapitalisation, resolution and reform to resolve the stressed assets issues plaguing the Indian public sector banking system.
Kenneth Andrade, HD- Investment, IDFC Mutual Fund, says the market has more scope to fall further and if it does, stocks will not be at their correct valuations because they have run up way ahead.