The Public Sector Banks Merged?

Hi all,

The finance minister Nirmala Seetharaman announced yesterday public sector banks merged for financial reason. What happens next? If this is directly affecting the share market?

Hi Steve. I’ve never been optimistic towards PSU banks. They are neither very profit or growth oriented and faces a lot of NPA issues.

Anyways, here’s an article on the same topic published at Economic times-- View: Why India’s mega bank mergers move may not yield the desired results.

The S&P BSE PSU Index is down about 17% in the last one year and almost 11% this year. While it has had no specific triggers, in recent days the index seems to have hit lows that could hold – going of course by some simple technical indicators. This blog highlights the potential ideas that you might want to investigate and does not constitute a recommendation.