View on PSU Banks: The superior customer reach and high number of branches are good for the banks Says Ajit Kabi,LKP Securities
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Below View On PSU Banks By Ajit Kabi, Banking Analyst at LKP Securities
"For the PSU banks, the asset quality concerns are behind because of major write-offs and recoveries from legacy NPAs. The public banks are playing well with the contemporary theme of growth and margins. The superior customer reach and high number of branches are good for the banks. Therefore, we can witness strong credit growth. The lower CDR may provide further room for growth. On the margin front, the repricing of loans is keeping the NIMs intact. Furthermore, an attractive valuation is the key driver for the outperformance of PSU banks. We expect the public banks to continue performing well in the coming period."
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