As promised, I have been researching PSU banks(large cap) for one week now. I am almost done with the research, and couldn't wait to share the results with you. Seems like Indian Bank and PNB have emerged as the top contenders. This is based on their financial position as on March 31, 2010. I have not included the June 2010 results in my analysis. Will do so in the coming weeks.
Let me explain how I have conducted my research.
1. Made a list of all the large cap banks, with an asset base of more than 20,000 crores(with some exceptions though).
2. Retrieved each banks annual report from the Internet.
3. Collated the data and calculated the respective ratios.
4. Assigned ranks based on the numbers.
I must admit that this approach has an inefficiency of not assigning weights to each ratio. But we will discuss the pros and cons in the coming weeks. I will also be sharing the complete data by next week.
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