AXIS BANK (CMP Rs 1205) has broken the up trendline support which it had been maintaining well in whole rally. Now there are rumours of KARNATAKA BANK being merged with AXIS BANK but whether really synergies are present after the merger is anybody’s guess. We have seen ICICI BANK cracking after unfavourable ratio of merger with BANK OF RAJASTHAN and I feel small private banks merging with larger
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