The impact will not be felt by the stock because Arcelor is a stock listed abroad and Essar Steel is virtually bankrupt. The big benefit will be for banks like SBI, which has a huge exposure to Essar Steel in terms of loans given. The chairman of SBI has already underlined that this Essar case will certainly benefit the bank in the third quarter. It not only addresses some of the clear deficiencies in the process but also ensures that liquidity starts flowing once again into banks. The positive takeaway will be more for the banks than anybody else.