MUMBAI : Public sector banks have always been at the wrong side of the bad loan trend over the past several years. The public sector lender aims to raise funds through a QIP. The public sector lender’s shares have trailed that of its peers and the broad market in the past one month. Ergo, the lender’s shares have hardly shown vigour even during sharp rallies in public sector bank shares. That said, PNB’s metrics are a warning sign to investors warming up to public sector lenders simply because of balance sheet heft due to mergers.

Source: Mint May 11, 2021 08:38 UTC