Impending mergers equals opportunities? Probably yes, for some. 13 PSU banks, 8 with upside potential of up to 28%

When a change in a policy framework occurs, some things are inevitable. For instance, it brings both opportunities and complexity. One sector which has seen a big change is banking. Compared to the start of 2015, the picture is much cleaner and believable today. Which means that the street is now sure that when a bank’s NPA is pegged at 1%, it really is at that level. So, the government played an important role in the clean-up. And that is also why, on the regulatory side, policy continuity is important for banks. Now, after the clean-up, another round of mergers is coming. How will that pan out?