Nomura is absolutely right…
The old so called PSU banking era is over ! Why pvt banks become bigger without applying any considerable efforts, is because of PSU banks.
PSU’s loss is Pvt’s profit. They have looted the nation in many ways. Todays wealth distribution gap is gift of this guys(pvt banks).
If u see the banking sentiment in the country has changed very slowly and progressively. See last 2 3 yrs BS of PSUs. You will find they have done tremendous job , and story continues…
Who will be the biggest loosers of psu’s gain off course pvt banks.
And the sweetest credit cycle is just started, if any black swan event not comes then psu’s will be much more than their current levels.
So the money completely shifting from large pvt banks to PSU basket.
Disc. Invested in canara and jk bank.
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