There is one thing sure in the Indian Banking's uncertainty and that is any bank which is run by the state that gets a new chairman, the first thing that will be seen in the first quarter itself. Here one can get to see value of stocks dipping and also profits erode especially under the new leadership.
The best answer for the explanation of why this phenomenon can be seen is very simple. It is because of the balance sheets which have been cleaned under the leadership of the new chairman. Having said that, there are more things to worry about when it comes to the four contenders to succeed. State Bank of India's Chairman, Pratip Chaudhauri does it well when anyone of them steps behind the wheel to take on the responsibilities of the biggest bank in the nation next month. Generally the new chairman prefers to go on with older tradition and leaves more sheets to clean for the next person who will sit on that chair. However the same does not apply with Chaudhauri.