PSU banks on a relative basis start to under perform its private sector peers, says Gaurav Doshi, Morgan Stanley Pvt Wealth Mgmt India.
Doshi told CNBC-TV18, "PSU banks here on a relative basis start to under perform its private sector peers and the NBFCs purely because on an average you have got the PSU banks trading at almost 11.5 times FY12, they are trading at an average price to book of about 1.8 times.
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