Recently in the news for having to take over Yes bank which will be a long drawn out bailout.
My PSU Bank pick which id like to be picking around 160 levels downwards until maybe 145.
Would buy this in a different way. Only 10% allocation around 160 (if the price ever reaches there) and more aggressive lower than that.
Has many assets which its owns like SBI life & SBI Card where it can raise money.
The mistrust with banks closing will also mean additional deposits which will help this bank in the long run. So look to be greedy if there is a deep cut towards the bottom of the box. (145-150 levels)
My PSU Bank pick which id like to be picking around 160 levels downwards until maybe 145.
Would buy this in a different way. Only 10% allocation around 160 (if the price ever reaches there) and more aggressive lower than that.
Has many assets which its owns like SBI life & SBI Card where it can raise money.
The mistrust with banks closing will also mean additional deposits which will help this bank in the long run. So look to be greedy if there is a deep cut towards the bottom of the box. (145-150 levels)