PSU banks vs Private sector bank lenders which ones are worth buying now?
The present scenario in the Indian banking sector is similar to the scenario in the general election.When you to a election for voting you would find all the criminals enlisted as candidates for the major parties.
The banks are now fighting for the first spot in the NPAS, they are fighting among themselves in declaring who will beat my NPAs.I have read some where that at first IDBI bank declared a loss of 3300 crores in one quarter because of NPAs.Then came the Banker to every Indian this bank does not declare losses due to NPAs but it just eroded the investors wealth like kingfisher.
The share value just melted from 350 to 150 bugs.Now after some respite it again started its journey back to cheat more people.Then the Bank of Baroda came with its results and the results where fabulous on the bad side it had just thrashed the history created by IDBI bank by declaring some 3600 crores as loss in a quarter.
In the case of the private run banks their at-least people fear for their jobs so the losses or NPAs wont be like the government run banks.But the scenario is like picking up the best among the worst banks.
But one bank stands out among all the Indian banks and that the HDFC bank i have full respect for this one bank that is showing stellar number quarter after quarter kudos to this bank and hope its good run continues benefiting its investors and employees.
Now in the private sector banks also there is one culprit which did not disclose the NPAs and others properly and it got thrashed badly from 700 to 400 that bank is the AXIS bank.The only other private sector bank which is some what behaving like the public sector banks is the ICICI bank this one have taken its investors for a ride by destroying their wealth.
The two other banks which some what stand out after the HDFC bank are the KOTAK MAHINDRA bank and the YES bank.In the coming years to come i would guess only the private sector banks will prevail and the government run banks will get closed if i am not wrong because of not having accountability and responsibility for the people'e money.
No Indian bank took on vijay mallya when he was not able to pay money.But if any small person doesn't pay his home loan EMI say for 5-6 months what will happen to his house,you cannot even think about that scenario.Now mallya is trying to escape and whats present in the banks balance sheets just 7000 Crores public money gone in the drain :).
I am not writing this out of frustration,this was just my observation based on my experience in reading lot of news and the events that are taking place around me.
The present scenario in the Indian banking sector is similar to the scenario in the general election.When you to a election for voting you would find all the criminals enlisted as candidates for the major parties.
The banks are now fighting for the first spot in the NPAS, they are fighting among themselves in declaring who will beat my NPAs.I have read some where that at first IDBI bank declared a loss of 3300 crores in one quarter because of NPAs.Then came the Banker to every Indian this bank does not declare losses due to NPAs but it just eroded the investors wealth like kingfisher.
The share value just melted from 350 to 150 bugs.Now after some respite it again started its journey back to cheat more people.Then the Bank of Baroda came with its results and the results where fabulous on the bad side it had just thrashed the history created by IDBI bank by declaring some 3600 crores as loss in a quarter.
In the case of the private run banks their at-least people fear for their jobs so the losses or NPAs wont be like the government run banks.But the scenario is like picking up the best among the worst banks.
But one bank stands out among all the Indian banks and that the HDFC bank i have full respect for this one bank that is showing stellar number quarter after quarter kudos to this bank and hope its good run continues benefiting its investors and employees.
Now in the private sector banks also there is one culprit which did not disclose the NPAs and others properly and it got thrashed badly from 700 to 400 that bank is the AXIS bank.The only other private sector bank which is some what behaving like the public sector banks is the ICICI bank this one have taken its investors for a ride by destroying their wealth.
The two other banks which some what stand out after the HDFC bank are the KOTAK MAHINDRA bank and the YES bank.In the coming years to come i would guess only the private sector banks will prevail and the government run banks will get closed if i am not wrong because of not having accountability and responsibility for the people'e money.
No Indian bank took on vijay mallya when he was not able to pay money.But if any small person doesn't pay his home loan EMI say for 5-6 months what will happen to his house,you cannot even think about that scenario.Now mallya is trying to escape and whats present in the banks balance sheets just 7000 Crores public money gone in the drain :).
I am not writing this out of frustration,this was just my observation based on my experience in reading lot of news and the events that are taking place around me.
