PSU banks - king of retail investors wealth destroyers

source
https://www.livemint.com/Industry/l...-8-PSBs-at-risk-from-higher-provisioning.html

 

Across the banking sector, gross NPAs made up 5.1% of the loan book as of 30 September, according to RBI’s financial stability report released in December, which noted that the actual level of stressed assets (including restructured assets) was 11.3%.

 

At the 39 listed banks, gross NPAs grew 26.87% to Rs.3.4 trillion for the September quarter, from Rs.2.68 trillion a year ago

 

Indeed PSB's are the King of Retail Investors Wealth Destroyers because the magnificient, super efficient, professional, honest 'Corporates' executed their well conceived and grounded projects brilliantly!!!!!!