Sudip Bandopadhyay, Market Expert told CNBC-TV18, "Punjab National Bank's (PNB) results have very clearly shown that things are turning around probably on the asset quality. This coupled with what we have seen from the point of view of the government, giving RBI the power to give deadlines for resolving NPAs, I think things are going to turn good."
"My top bet for some time has been State Bank of India on the PSU basket. I will continue with that. I will add to that maybe Bank of Baroda and Bank of India. So, overall the asset quality issue resolution or at least the step towards that will definitely help the sentiment as far as these PSU banks are concerned, performances also will start improving with asset quality resolution as well as the progress of the economy," he said.
"So, I will recommend a buy on State Bank of India at current level for lets us say 6 months kind of hold."
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