BOI vs BOB vs PNB - Which PSB to buy?

A brief comparison of India's 2nd tier public sector banks (Bank of India, Bank of Baroda, Punjab National Bank) on parameters of total business, NPAs, restructured loans, profitability, return on equity and valuation reveals that Bank of India is trading at cheapest valuation among the lot in-spite of being largest in terms of global credit and holds promising upside potential in 2 years time-frame.

Cairn India, BOB and Godrej Consumer enters MSCI, Suzlon Out

Cairn India, Bank of Baroda and Godrej Consumer Products has been included in MSCI global indices effective 1st jun 2012. These stocks have rallied in an otherwise weak market.

Godrej Consumer Products has rallied over 9% to Rs 567 on the National Stock Exchange.  Cairn India and Bank of Baroda are up 3% each on back of huge volumes.

However, Suzlon Energy has slipped 5% at Rs 18.85 on removal from the MSCI index. All changes in MSCI indices will be implemented on close of May 31, 2012.