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.

The RATE RACE begins: Yes Bank Increases Savings rate to 6%

After RBI deregulated interest rates on Saving Account Deposits yesterday (25TH Oct 2011) Yes Bank grabbed the opportunity to ignite a rate war by offering 6% interest in an effort to wean away accounts from established players with very high number of savings account, such as SBI, HDFC Bank.

HDFC Bank and SBI has very high CASA deposits of close to 50% of total deposits and has built vast troves of cheap cash in savings account.