Psu Bank

PSU Bank stocks: Indian Bank shares were the top gainers, rising nearly 3 percent, while Canara Bank shares were up nearly 2 percent.

Nifty PSU Bank extends gain to 5th day as FM pushes for monetisation of subsidiaries

Shares of major PSU banks such as Bank of Baroda, SBI, and PNB gained 1 to 3 percent, with all 12 Nifty PSU Bank constituents trading in the green

Nifty PSU Bank rallies over 2% as HDFC Securities flags 'secular turnaround'

HDFC Securities said that the Indian PSU banking sector, once considered structurally broken, is experiencing early signs of a secular turnaround.

PSU bank stocks continue to see profit booking, fall for 7th time in 8 sessions; BoI, Union Bank of India biggest losers

On June 19, Nifty PSU Bank index was trading 2.28% lower at 6,718 with all its 12 constituents trading in red. In the last eight sessions the index fell over 6%

Bank Nifty crashes 1.2% as Israel strikes Iran; AU SFB, Kotak Mahindra Bank, others fall up to 2.1%

The PSU Bank index also fell 1.2% to trade at 6,940. Shares of Indian Overseas Bank and UCO Bank led the losses by falling 2.59% and 2.36%, respectively

FM Sitharaman likely to review PSU banks’ FY25 performance on May 15

The Finance Minister is also expected to nudge banks to strengthen governance, risk compliance, and lending practices, particularly in the context of ongoing heightened global tensions.

PSU bank shares soar up to 12%: Bank of India, Indian Bank among top gainers

The rally in share prices pushed Nifty PSU Bank sectoral index up by over 156 points or 3% to 6,307.60.

Nifty PSU Bank extends march to second day, up 7% led by SBI, Central Bank, PNB, BoB

In two days, Nifty PSU Bank was the best sectoral performer out of the remaining indices

Banks’ exposure to Adani Group: How big a worry is it really?

Market experts believe the reaction is temporary and expect stocks to recover once clarity and positive updates emerge from Adani Group

PSU banks outshine private peers with record profit growth: SBI report

The SBI report also highlighted that the combined net profits of PSU banks has exceeded that of their private counterparts by a notable margin.

Bank of Baroda, UCO, Canara Bank marginally hike MCLR: Check details

With the increase in the MCLR, the interest rates on loans are also likely to rise by a similar measure, and EMIs rise on linked loans.

Strong earnings to drive large private lenders ahead of PSU banks: Morgan Stanley's Sumeet Kariwala

Kariwala added that the Indian banking sector is in early stages of a strong upcycle, supported by normalisation of credit costs, steady loan growth, and expected healthy earnings

PSU bank stocks fall on RBI's draft on tighter norms for infra project financing; what will its impact be?

Public-sector lenders will be disproportionally impacted if RBI's guidelines are implemented, since they have a higher exposure to infrastructure loans.

IOB joins Rs 1-lakh-crore MCap league as fifth PSU bank

State Bank of India tops the chart with mcap of around Rs 5.8 lakh crore followed by Bank of Baroda with mcap of Rs 1.33 lakh crore and Punjab National Bank 1.33 lakh crore. Union Bank of India mcap stands at Rs 1.1 lakh crore.

Madhu Kela’s top three bets: PSU banks, pharma, tourism stocks

Madhusudan Kela believes that the tourism sector has tremendous potential, specifically religious tourism

PSU bank stocks gain; Nifty Bank hurdle seen at 46,200 – 46,500 levels

Shares of HDFC Bank, which carries 40 percent weightage in the Nifty Bank index, were up 0.24 percent

Indian Bank launches Rs 4,000 crore QIP, stock edges higher

Indian Bank's board has set the floor price for the QIP at Rs 414.44 a share, a discount of around 5.5 percent from the December 12 closing price of Rs 437.20 on NSE

Why Madhu Kela, Vikas Khemani and N Jayakumar are bullish on PSU banks

Over the last five years, PSU banks have overcome the challenges of asset quality, governance and technology, says Khemani. The three investors were commenting on the performance of banking stocks over the past year during Moneycontrol's Diwali show

Nifty PSU Bank rises in 4th straight session, Indian Overseas Bank leads stock rally

There are several reasons for surging banking index including strong credit growth, relatively lower valuations and commendable work on asset quality front.

PSU banks' profit jumps 65% in Q3; Bank of Maharashtra tops chart with 139% surge

The Pune-headquartered lender recorded a 139 percent jump in profit to Rs 775 crore at the end of December 2022, according to quarterly results declared by the PSBs.

Stock Market Live: Nifty slumps - Are bears back on Dalal Street? | Markets with Santo & CJ

Nifty and Sensex look set to end the week with losses after two straight week of gains. Are bears steadily making a comeback after being driven away in November? Watch as CJ explains what is driving the losses in the market and what's the outlook for next week. Plus his thoughts on YES Bank, IndusInd Bank and Syrma SGS.

Why Saurabh Mukherjea is not a fan of PSU Banks

The founder of Marcellus Investment Managers shuns stocks where the return on equity is consistently below the cost of equity.

Five state-run lenders ride on stocks rally to enter 10 most-valued banks league

Analysts attributed the rally in PSU bank stocks to robust earnings, higher credit growth and improvement in asset quality.

IDBI Bank hits four month high on privatisation hopes

The stock hit a high of Rs 43.85 on BSE -- a level last seen on 2 May

Canara Bank launches QIP to raise Rs 2,500 crore, floor price Rs 155.58 per share

"The bank may at its discretion offer a discount of not more than 5 percent on the floor price so calculated for the QIP," the regulatory filing noted.