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Shahina Mukadam, Independent Market Expert told CNBC-TV18, “Andhra Bank in my view looks weak and besides that fundamentally also it is weak. In terms of low provision coverage it is just about 50 percent, net NPAs are more than 7 percent, and their capital adequacy is low. So, I don’t see any reason why one should continue holding it.”
“It is better to switch from here to something like State Bank of India (SBI) which is also in a corrective phase. So, if we can get in into a stronger bank and then hold for a…
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