Punjab National Bank: Under pressure
Earnings will continue to be stressed because of high provisioning and modest credit offtake
With the year coming to an end, it’s time to dig into one’s portfolio and assess which stocks to hold on to and which to exit. Public sector banks, in particular, that have run up sharply post the Centre’s mega recapitalisation plan of ₹2.1 lakh crore, need a review. Given that many of these banks are yet to show a convincing recovery in financial performance and their earnings are likely to r...
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