“Vodafone Idea faces two completely different sets of problems. The first is their balance sheet. They raised funds through the FPO, and things seemed to be moving in the right direction. However, the Supreme Court’s rejection of their curative petition brought back the dues of over Rs 70,000 crore, which is a huge blow for Vodafone Idea. They now need to return to the drawing board to find ways to raise significant funds to handle these dues,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Edited excerpts:ET Now: Though there has been a furious run-up in the Nifty Bank Index, it is the PSU banking stocks that are not participating much. What is your sense of what is exciting for these private banks, and why are PSU banks still lagging? Do you believe that PSU banks will catch up next week?Sudip Bandyopadhyay: There are two aspects to this entire BFSI (Banking, Financial Services, and Insurance) sector—buy or not buy, rally or not rally. The first aspect is that…
Date:
