m&m financial services (Emkay) PSL status removed - minimal impact in near future

RBI removed PSL status from onlending; Minimal impact as of now - 17-18bps on cost of borrowings; Competition may increase but not imminently; No threat to availability of funding; Impact could be higher if assignments also taken off
Date Rating Target Price Recommendation Price Broker house
4 May 2011 buy 870 693 Emkay Report

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