PSU BANKS Transformations

State Bank of India whose income and net profit after tax is growing at 8.5 percent and 12.5 percent per annum respectively is trading at Rs.3425 ie., at PE of 19.08x and P/BV of 2.89 x
SBI's forward EPS Rs.179.5 and forward book value of Rs.1188 after considering dividend 300 percent for 2010-11

IDBI Bank whose income and net profit after tax is growing at 18 percent and 60 percent per annum respectively for 2010-11 is trading at Rs. 195 ie at PE of 11.4 x and P/BV of 1.56 x
IDBI Bank is having at forward EPS of Rs. 17.1 and forward Book value of Rs. 125 after considering dividend 35 percent for 2010-11

the higher growth rate in income and profit is because IDBI bank is transforming itself from development bank to personal bank and getting lower interest borrowing from CASA  and  foreign borrowings at 4-5 per cent per annum

Syndicate Bank whose income and net profit after tax is growing at 7.5 percent and 48 percent per annum respectively for 2010-11  is trading at Rs.145.8 PE of 7.47x and P/BV of 1.25 x
Syndicate  is having at forward eps of Rs. 19.5 and forward book value of Rs. 116

the higher growth rate in profit is because the bank which  in previous year was allocating a large portion of PBT towards provision for doubtful debts which has since reached the requisite limits as per norms hence the reflecting towards net profit for the year

Canara Bank whose income and net profit after tax is growing at 11 percent and 30 percent per annum respectively for 2010-11 is trading at Rs.811 PE of 8.45x and P/BV of 2.05 x after considering dividend 100 percent for 2010-11

Canara Bank is having at forward eps of Rs. 97 and forward book value of Rs. 395
canara bank used to provide for more provision for doubtful debt in septemeber quarter every year this year around due to since the provision had reached the requisite limits as per norms the same was reflected towards net profit for the quarter ended 30 september 2010
more banks  profit story are under analyis and shall be updated

users may kindly intimate the their comments for specify psu bank for analysis and their expected targets prices by march 2011