See 50% returns in OBC, says AK Prabhakar

AK Prabhakar of IDBI Capital told CNBC-TV18, "In PSU banks as a whole the worst is almost coming to the end. From here things are going to pick up. If we have a very good monsoon then non-performing assets (NPAs) can turn good also. I am very positive on PSU banks from current levels."He further added, "Oriental Bank of Commerce's (OBC) book value is around Rs 474. Even if you write back few things it is still value at these levels. We are almost around Rs 90 odd levels. If the investors are ready to hold you can see 50 percent return in next two to three years. One has to hold on to PSU banks."