Higher provisioning towards bad loans had impacted the balance sheets of these PSU lenders. As per the financial results posted by them, the biggest loss was posted by scam-hit Punjab National Bank.

Gurumurthy said \"In just 18 months prior to DeMo 500 rupee, 1,000 rupee rose to 4.8 lakh crore that is what funded the real estate and gold prices and we would have gone the same way, 2008 in the US due to sub-prime lending...\"

\"Whether demonetisation or GST, you can question the efficiency of the implementation but conceptually you cannot question it. GST is a good reform,\" says Puri.

The stock has gained 17.13% since October 26 when the private sector lender announced its Q2 earnings.  The stock has gained 17.10% during the last one year and risen 17.68% since the beginning of this year.

Of the 1198 bankrupt companies admitted for resolution, just 52 are being sold until September end. The liquidation process has started in 212 cases. There are 816 cases pending for resolution.