Market treating SBI/PNB/Bank of Baroda like Lehman brother !

I also fear we will see further correction. I will wait for some more time to act.Contrarian streak in me makes me inclined towads psu banks

 

the PMJDY scheme is a scheme for financial inclusion which encourages rural and poor household to save. In the short term there may not be profitable for banks. But in longer term it is expected to encourage savings and credit behavior leading to increased business for banks. The zero balance no frills account is not a new product. It has existed for years and I am sure it is not responsible for several lakh crores or more of NPAs accumulated by banks. Mallya is one but there are several like him essar, jp associates, etc etc who have created this mess. Anyways as investors we can do precious little but to select the right stocks. Now the govt has also introduced the bankruptcy law. At least it is making some effort unlike the previous govt.