I had blogged earlier about the implications of Chidu taking charge of the Finance Ministry.One implication was the outlook turning negative for PSU banks.
So even though the markets are rallying, PSU bank stocks are taking it on the chin in the last one month. (See Table Below):
| Symbol | Fall |
| CANBK | -15.38% |
| UNIONBANK | -14.38% |
| BANKINDIA | -13.99% |
| PNB | -13.41% |
| IOB | -13.01% |
| ANDHRABANK | -12.84% |
| CENTRALBK | -11.37% |
| INDIANB | -10.69% |
| SBIN | -10.31% |
| UCOBANK | -10.14% |
| UNITEDBNK | -10.03% |
| ALBK | -9.61% |