If India was to experience a strong economic recovery indeed, as anticipated, it’s only logical to believe that cyclical sectors may be at the forefront of this recovery
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PSU Banks, indeed, have been wealth destroyers over the last one decade. Deterioration in their performance got aggravated in the past few years which is clearly visible in the relative underperformance of Nifty PSU Bank index vis-à-vis Nifty 50.
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Banks will soon start announcing Q1FY21 results. While you analyze their performance this time, you need to pay attention to their growth preferences and fund raising plans, besides COVID-related provisioning.
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