News From Press PSU banks under pressure: Should you invest in PSU bank ETFs now?

PSU banks under pressure: Should you invest in PSU bank ETFs now?

Source: Moneycontrol Feb 28, 2018

If you have been tracking financial news, you must be aware of the alleged LoU (Letter of Undertaking) scam in Punjab National Bank and the resultant free fall in the share prices of leading public sector banks.

The Nifty PSU bank index has lost 15.73 percent over the past month. Understandably, many retail investors are worried about this steep fall. But for some savvy investors, this fall presents an investment opportunity.

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