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    Public sector banks could be the dark spot in brighter Dec quarter - Livemint thumbnail

    India’s banks are expected to be the bright spot in an otherwise lacklustre December quarter.But the brightness hides a dark alley where 11 listed public sector banks, now preoccupied with mergers, have eroded investor wealth to a great extent. Indeed, beyond the formidable State Bank of India (SBI), there’s little to write home about on the lenders.The dozen public sector lenders left standing after mergers are expected to report a weak performance in the quarter as well.Punjab National Bank, which swallowed Oriental Bank of Commerce and United Bank of India, is expected to report just a 2% rise in its loan book. Bank of Baroda, the first to merge two banks with itself, has alr
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