Check out the Pie chart above, the big blue portion in the above chart is the market cap of HDFC bank and rest all combined in the chart above is Public Sector Banks.
Above shows the Percentage Stock price change over last 5 years. Because of bad NPA’s in last 5 years. PSU banks are doing really bad.
Checkout the analysis from Washington post, how bad the situation is of these India Public Sector Banks.
Under modi raaj only