Should You Be Taking A Dig Or Avoid PSU Banking Stocks For Now?
The faster assessment of default accounts will make the banks to account for higher provisioning charges which are most likely to affect their profitability by a huge quantum. Another blow which canno
In intra-day trade on Wednesday, Nifty PSU Bank shed some 0.5% on the surfacing of new NPA rules for the banking sector and the trend continues with a similar drop today. Though analystS had been seeing them as structurally positive for the sector in the long run the same did not augure well for SOME them on the bourses.
And here are discussed few reasons as to why investors should shy away from these stocks as of now:
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