Next 5 years may belong to REC & PFC; housing a 25-50-year story: Deven Choksey

REC and PFC are not expensive and given the kind of balance sheet strength that they have created and the kind of liability franchise that they have, these companies would eventually have far better performance to talk about. The next five years could belong to lenders like REC, and PFC in India, says Deven Choksey.

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