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SBI, IndusInd Bank: Are bank stocks a good bet in the current market?

Bank stocks tumbled in Monday's trade after Financial Crimes Enforcement Network (FinCEN) leaks said almost all Indian banks could be part of the suspicious transactions. Between 2010 and 2017, several transactions went through Indian banks that were flagged as top-secret ‘Suspicious Activity Reports’ or SARs by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for suspected money laundering, terror financing, drug dealing, and financial fraud. READ MORE Following the development, Nifty Bank declined over 3.3 per cent to settle at 21,290 lev.....

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