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UBS upgrades two major banks' rating to 'buy', says valuations still below 5-10 year average

Updated : August 27, 2020 01:56 PM IST

UBS feels that the relief measures in the past few months have reduced tail risks in the banking system.
It has upgraded SBI and IndusInd Bank from 'sell' to 'buy'.
UBS upgrades two major banks' rating to 'buy', says valuations still below 5-10 year average

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