• SENSEX
    NIFTY 50
Market

These six PSU bank stocks are among the biggest wealth destroyers in last 5 years

Updated : 2019-06-11 14:00:14

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.

<strong>Indian Overseas Bank:</strong> Shares of the public sector bank fell 86 percent to Rs 11 per share on BSE in the last 5 years. The stock has underperformed Sensex as well as Nifty PSU Bank index in the last 1 year.
Indian Overseas Bank: Shares of the public sector bank fell 86 percent to Rs 11 per share on BSE in the last 5 years. The stock has underperformed Sensex as well as Nifty PSU Bank index in the last 1 year.
<strong>UCO Bank</strong>: The stock fell over 83 percent to Rs 17.6 per share on BSE in the last 5 years. The stock hit its all-time high of Rs 152 on November 22, 2010, and an all-time low of Rs 14.30 on July 19, 2006. It has plummetted over 88 percent from its all-time.
UCO Bank: The stock fell over 83 percent to Rs 17.6 per share on BSE in the last 5 years. The stock hit its all-time high of Rs 152 on November 22, 2010, and an all-time low of Rs 14.30 on July 19, 2006. It has plummetted over 88 percent from its all-time.
<strong>United Bank of India:</strong> The bank' shares declined over 80 percent to Rs 10.5 per share on BSE in the last 5 years. The current market cap of the bank is Rs 7,755 crore. It hit its all-time high of Rs 152 per share on November 1, 2010.
United Bank of India: The bank' shares declined over 80 percent to Rs 10.5 per share on BSE in the last 5 years. The current market cap of the bank is Rs 7,755 crore. It hit its all-time high of Rs 152 per share on November 1, 2010.
<strong>Andhra Bank</strong>:  The stock declined nearly 77 percent to Rs 33.80 per share on BSE in the last 5 years. The stock fell over 82 percent from its all-time high of Rs 190 per share, hit on October 28, 2010. The stock has underperformed BSE Sensex by nearly 48 percent in the last 1 year.
Andhra Bank:  The stock declined nearly 77 percent to Rs 33.80 per share on BSE in the last 5 years. The stock fell over 82 percent from its all-time high of Rs 190 per share, hit on October 28, 2010. The stock has underperformed BSE Sensex by nearly 48 percent in the last 1 year.
<strong>Oriental Bank of Commerce:</strong> The banking stock tanked over 74 percent to Rs 90.50 per share in the last 5 years. It has underperformed the banking index by over 19 percent in the last one year. It has lost over 83 percent from its all-time high of Rs 545 per share, hit on November 9, 2010.
Oriental Bank of Commerce: The banking stock tanked over 74 percent to Rs 90.50 per share in the last 5 years. It has underperformed the banking index by over 19 percent in the last one year. It has lost over 83 percent from its all-time high of Rs 545 per share, hit on November 9, 2010.
<strong>Allahabad Bank:</strong> Shares declined over 71 percent to Rs 41 per share on BSE in the last 5 years. The stock's current market capitalisation is at Rs 15,259 crore and it had fallen nearly 85 percent from its all-time high of Rs 271, hit on November 11, 2010.
Allahabad Bank: Shares declined over 71 percent to Rs 41 per share on BSE in the last 5 years. The stock's current market capitalisation is at Rs 15,259 crore and it had fallen nearly 85 percent from its all-time high of Rs 271, hit on November 11, 2010.
Live TV

Ask Our Experts CNBC TV18