...........Saurabh Mukherjea of Ambit believes the golden era for private sector banks could end when RBI opens the doors to at least seven (probably up to 10) new banks. The driving force behind this theory is that currently, the cost of current accounts and savings account (Casa) is artificially depressed, the fundamental reason behind the 20 per cent return on equity (RoE) posted by top private sector banks............
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