New valuation gap between top tier pvt sector banks and their small peers

Topics YES Bank | RBL Bank | mcap

A sharp correction in banking stocks has opened a large valuation gap between top tier private sector banks and their smaller peers. While private sector banks have seen a 23.4 per cent decline market capitalisation (m-cap) on average since February 20, when the markets began to correct, many smaller banks lost nearly a third of their m-cap during the period. RBL Bank, for example, is down 47.2 per cent during the period. Its m-cap is down from Rs 15,700 crore on February 20 to Rs 8,283 crore at the close of trading on March 16. IndusInd Bank is down 44 per cent during the period. Its m-.....

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