Public Sector Banks have been a strict no-no for investors since NPAs started to balloon up big time. Now things are changing with PSU banks (at least some) and are slowly on track of recovery. While scanning for a good PSU bank, we found Bank of Baroda as an interesting case.
Vijaya Bank and Dena Bank have been recently merged with Bank of Baroda . The merger came into effect post April 1st 2019. The merger catapults Bank of Baroda to third largest bank in India though there is a fear of more NPAs showing up on the Balance Sheet . . .