Last couple of years, we saw NPA raising at alarming pace. But things seem to be turning around. Take a look at three news items in today’s ET.
1. Bhushan Power’s liquidation value doubled to Rs 20,000 crore (Read more at:
2. Lenders to take JSPL account off bad-loan list. The company's total debt was close to Rs 45,000 crore. (Read more at://economictimes.indiatimes.com/articleshow/62578088.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst)
3. Enforcement Directorate to sell Rs 4k-cr Vijay Mallya shares in United Breweries. (Read more at:
Around Rs. 70k crore is collectively coming back into system. No wonder why RBI said things are improving during their last monthly report.
We don’t know how much of red figures turn into black. But we can see that trend is reversing. That money if used to fund the right businesses, it would add to economic growth.
Takeaway is, get onto Public sector Bank stocks. (Disclaimer: I am adding Bank of Baroda stocks to my portfolio).