Key Points
Let them debate as many other private & public sector banks are moving on their path..
For private sector banks, the majority of them have seen recovery as some kind of rational trade is still taking place even in the private banking space..
For PSU banks, after a short few days of volatility movement, they have been able to recover faster, indicating continued interest..
Yes, there will be higher volatility in the short term, but if induced by volatility if one is taking any sell decision in the private banking space, one should remember that the lenders in question have created wealth in the long term...
One of the reasons has been the performance of the HDFC banks, But despite it, there is bounce back which is taking place in the bank nifty, a part of that bounce back happened due to short covering in private banking, and part of the rise was due to continued rise of the PSU banks..
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