PSUB is performing well due to better growth says Vinod Nair, Geojit Financial Services
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Below is quote on PSU Bank Index By Vinod Nair, Head of Research at Geojit Financial Services
"PSUB is performing well due to better growth, high provision buffer, improvement in asset quality and strong capital base in the ongoing Q2FY23 earnings. Along with growth in Net Interest Income (NII) brought by increase in credit demand, other income is also showing meaningful sequential jump due to reversal in treasury losses. There was an open arbitrage opportunity due to the huge valuation gap between private and public sector banks. However, the gap has rapidly narrowed, limiting the upside gain in the short-term."
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