PSU bank stocks bleed on NPA worries

Shares of public sector banks were among big losers on Monday with losses as high as 11 per cent.  State Bank of India (SBI) was the biggest loser among banking stocks in the Nifty, down 4.4 per cent, followed by Bank of Baroda (BoB) and Punjab National Bank (PNB), which were down 3.2 per cent and 2.7 per cent, respectively. Bank of India was the biggest loser among all bank stocks, down 11.2 per cent over Friday’s closing.

Public sector bank (PSB) stocks have witnessed exuberance since the issuing of an ordinance to clear bad loans. But as the reality