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    Perfect and Relative Truth: 6 private and PSU banks stocks with upside potential of upto 34 %

    Synopsis

    Five years back, ask anyone on the street and he or she would be all in for private banks as an investment both as long term or short term. Nobody would talk of PSU banks as something which are worth investing in. Today, the situation is different. They will not criticize private banks as they all own them, but they will talk about how private banks are facing competition from fintech and how things are changing. But at the same time, they would also not fully trust the revival of PSU banks, both in business and in terms of the valuation recovery. The reality is that in the stock market, there is nothing called perfect truth, it is about relative truth. The answer to this problem of either private or public sector banks probably lies in owning a select few from both spaces. So, that one is able to take advantage of tactical recovery but also long term trend.

    Just as it was appearing that things for large private sector banks are stabilizing, came another blow with RBI putting restrictions on Kotak bank on doing some part of business and the stock tanks by more than 10 %. Then came another news of its joint managing director resigning from the bank. In such times, when the large private banks have been underperforming, this kind of news flow once again reinforces the feeling that private sector banks
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    The Economic Times