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Is the worst behind for state-owned banks?

Some brokerages upgrade targets for SBI, PNB, BOB, among others, after run-up in their stock prices

Is the worst behind for state-owned banks?

AftertheMarchquarterresults,analystsincreasedtheircautionontheentirebankingpack.Butthescepticismaroundstate-owned(SOE)bankswaswayhighergiventheelevatedconcernsonassetquality. WhileafewanalyststermedtheMarchquarterperformanceassignsofbottomingparticularlyforSOEbanksastheyhadrecognisedabulkofpainthatquarter,Junequarterperformanceappearstoreiteratethesame. Infact,stocksofStateBankofIndia(SBI),BankofBaroda(BOB),UnionBankandCanaraBankhavereturned10-14percentgainsinAugust,outperformingtheBSESensex ...