These six PSU bank stocks are among the biggest wealth destroyers in last 5 years
Updated : June 11, 2019 02:00 PM IST
The shares of state-run banks have emerged as major wealth destroyers for investors in the last five years, with six out of the top 20 losers being PSU banks. Among the banks, Indian Overseas Bank, UCO Bank, United Bank of India, Andhra Bank, Oriental Bank of Commerce, and Allahabad Bank lost between 71-87 percent since 2014. Other losers included Reliance Communications, Jaiprakash Associates, Reliance Power, Reliance Infra, down over 90 percent each in the given period.