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Is there more downside to PSU bank stocks?

After the RBI warned of further rise in NPAs, PSU bank stocks have resumed their downtrend

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Published 3 years ago on Jul 03, 2018 1 minute Read

Asutosh Mishra, senior research analyst, Reliance Securities

While incremental deterioration in asset quality is expected to peak-out for public sector banks (PSBs), speedy resolution will continue to impact their profitability in coming quarters. As the recent steps by the RBI and the government clearly warrant that the banks will have to accelerate their efforts to resolve issues on asset quality front, we expect further surge in provisioning expenses in FY19. Though various steps tak

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