There has been much ado about the asset quality of PSU banks (PSBs). Through FY14, the metric has been analyzed and discussed thread bare by the street every quarter.
''In this note, apart from looking out for additional disclosures on asset quality (namely movement of restructuring pool, seasoning of NPLs, etc), we have also scrutinized other aspects of PSBs while carrying out our annual report (AR) analysis to understand sustainability of earnings and preparedness of PSBs to cash in on a likely cyclical upturn,'' said Edelweiss Securities.
''Our analysis and relative ranking of PSBs on various metrics suggests SBI and BoB are better positioned among large banks and we prefer Union Bank among mid-sized PSBs,'' it added.
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