State-owned banks rise on relative valuations versus private peers
Sep 13 2013
"Private banks are quoting at almost twice the valuation of state-owned banks," an institutional dealer said.
State Bank of India gains 1.1 percent while Bank of Baroda (BOB.NS) is up 2.8 percent.
Among midcap state-owned banks, Union Bank of India gains 4 percent while Oriental Bank of Commerce is up 3.8 percent.