What do you make of the mega PSU bank consolidation which has been announced? Do you think the major consolidation is a baby step but it is in the right direction?
From May 2014, all the listed PSUs are down in market cap by 21% and majority of them are public sector banks. On the other hand, the Sensex is up roughly about 66% so effectively 66% plus 21 it is an 87% underperformance in the last five years in public sector stocks. There are multiple causes for this. One of the ..
