Just before the union budget, I recommended 2 PSU banks that you could buy – IDBI Bank and State Bank of India (SBI). Click the video below: DATE: 29 February 2016 Watch 6:20 Onward. Of course I have been negative on PSU Banks for 4 years. Let me take you back a few years…
PSU
PSU Bank Stocks and Basel III Capitalization Concerns
Over the last 5 trading sessions, stocks of public sector banks have surged anywhere between 5-25% in trade. They have caught the attention of investors and traders alike. Besides old timers who invested in PSU bank stocks for high dividend yields, there are many others who now believe that these banks could turn things around…