Markets are comparing an Apple to an Apple, and now we will have to wait for next NPA cycle to see who has done a good job at risk management.
Presently the PSU and Pvt banks are VFM.
Comparing historical BV is good way to start, we have to see what would the Mean banking valuation be for any well managed bank.
Perhaps someone can derive what will be the average BV for top 5 pvt banks in next 5 years would give a good learning
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