PNB, Bank of India and SBI

Non performing assets (NPAs) for Punjab National Bank, Bank Of India, Indian Bank and SBI has dropped drastically in quarter on quarter (QoQ)as compared to NPA growth year on year. 

Therefore these stocks have a higher probability to do better than its peers.

Canara Bank and Bank of Baroda

Canara Bank, Punjab Sind Bank and Bank of Baroda have also shown a drop in their NPA quarter on quarter (QoQ), compared to YoY (year on year) NPA growth.

The NPA's for these banks have remained marginally on the higher side QoQ. Thus these banks have the possibility to do well if they can maintain this NPA level in next quarter.

State Bank of Msyore

State Bank of Mysore also seemed an attractive option in terms moderate rise in NPA on QoQ.

A key point to note is that SBI is focusing on its association with this bank which showed an increase in price to 66% in the past six months

These Government Bank Shares Are Set For Gains

Vijaya Bank and Bank of Baroda display low NPA on QoQ basis signaling a buy and good potential for it to grow in near future.

Both these stocks reflect a price rise of 22% and 10.63% respectively.

Punjab National Bank and Punjab Sind Bank

PSB and PNB also see a low NPA growth QoQ but YoY growth is high. If we focus on the current quarter and expect it to follow the similar trend of low NPA growth bagged with low-interest rate then these banks might do wonders.

Canara Bank

Canara Bank has witnessed a low QoQ NPA growth and banks also shown a reduction in provisions from Rs.6331 lacs in last quarter to Rs.1492 lacs this quarter. Moreover, a price rise of 25% is seen within the last 6 months.

Disclaimer

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