State Bank of Bikaner and Jaipur : Rights issue
One can subscribe to the rights issue with decent returns (20% compounded per annum) within 24 months even if immediate returns are not realized, although the odds for latter appear very favourable.
The announcement was made on the 8th to Stock Exchange and it is the 10th of March today. Last date is 17th of March before one can make up their mind.
PSU Banks as an industry have returned collectively better than any other industry in the past decade to investors (except Consumer Goods and Pvt. Sector Banks) , and that will continue, more so with MFI blood drawn, banks are making inroads to unserved sections. I am also quite bullish on nimble NBFCs which will bridge the gap between incompetence but low cost deposits of PSU Banks and arrogance / size of Pvt Sector banks. No names to drop there yet. As the bond market and securitization matures in India NBFCs will be back in the game prime time.