Positive earnings momentum expected for PSU banks
after close1 source ↓written by the desknot a recommendation
- index rose
- 5% this week
- compared
- 10%-11%
- for private counterparts
- 5-6%
- in December quarter
- 1.6%
Nandish Shah of Motilal Oswal anticipates positive earnings momentum for PSU banks, as the Nifty PSU bank index rose over 5% this week. Credit growth in PSU banks is outpacing private banks, with advances growing 10%-11% compared to 5-6% for private counterparts. This trend may bolster investor sentiment in the sector.
• Nifty PSU bank index up over 40% in six months
• SBI's GNPA improved to 1.6% in December quarter
Not investment advice. For informational purposes only.