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The government budgets to earn approximately Rs 20,000 crore through QIP of five banks, namely Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank.
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Canara Bank reported a 22% jump in Q1 net profit to Rs 4,752 crore. Indian Bank's net profit grew 24% on-year.
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The Nifty PSU Bank index surged over 1.5 percent in trade on July 16, Punjab & Sind Bank, State Bank of India, and Punjab National Bank lead the gains.
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PSU Bank stocks: Bank of India shares jumped nearly 4 percent to trade at Rs 129 apiece, while those of Bank of Maharashtra gained over 3 percent to hover around Rs 57 apiece.
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The Bank Nifty index extended its gains from the previous session to hit another fresh record high in trade on June 9, 2025, with Kotak Bank leading the winners.
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In FY25, 52 listed public sector undertakings (PSUs) declared dividends, up from 50 a year earlier. However, the overall dividend payout to shareholders will be around Rs 1.33 lakh crore, lower than Rs 1.38 lakh crore in the previous fiscal.
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The widespread anticipation of RBI cutting interest rates, positive earnings and favourable valuations have led to significant buying interest in trade on May 30.
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MTNL defaulted on Rs 8,346.24 crore worth of loans taken from seven public sector banks, the telecom firm, which primarily operates in Delhi and Mumbai, said in an exchange filing in April
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The Centre may go for the Offer for Sale route to sell stakes in Bank of Maharashtra, IOB, UCO Bank, Central Bank of India, and Punjab and Sind Bank next fiscal.
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According to reports, the Department of Investment and Public Asset Management has invited bids from merchant bankers to facilitate the government’s proposed stake sale in public sector banks
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Sanjay Malhotra took over as the RBI governor on December 11 for a period of three years. He succeeded Shaktikanta Das
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The index is already trading lower by about 3 percent, with the top draggers being SBI, Bank of Baroda, and Canara Bank
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While PSU banks offer immediate growth prospects, sectors like defence and energy provide medium- to long-term opportunities, says market expert Sunil Subramaniam.
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The recent sell-off in PSU stocks by institutions is driven by two main factors: valuation and performance concerns
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Vivek Joshi said, a two-year extension is given and hopefully it should come sooner than later. Depending on market conditions, each of these banks will take a call in the best interest of shareholders
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A dividend cheque of Rs 1,838.15 crore was handed over by Canara Bank MD and CEO K Satyanarayana Raju
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The Nifty continues to move sideways within a narrow range, resisting near the 23,400 zone. Sector-wise, media, PSU banks, energy, infra, and metals were among the major gainers, while FMCG was among the major laggards in trade on June 12. INDIAVIX cool-off to 14.46 levels, indicates less intraday volatility. Across the globe, the Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%. Jerome Powell said, the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels. Moneycontrol's Stacy Pereira speaks with Peter Cardillo from Spartan LLP, Osho Krishan, Sr. Analyst, Technical & Derivative Research at Angel One Ltd and Kunal Valia, Founder Stat Lane on Opening Bell.
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Sushil Kedia advises exiting financials and PSUs, and shifting focus to FMCG and small IT firms post-election. He highlighted sectoral rotation and emerging opportunities in media and mid-cap pharma sectors.
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In terms of net NPAs, BoM and Indian Bank reported the lowest numbers, with 0.2 per cent and 0.43 per cent, respectively
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Analysts at Macquarie said that the RBI's proposed norms are 'onerous' and, if implemented, they can dampen recovery in project finance or capex cycle.
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Compared to historical averages, PSU banks are beginning to look expensive. Traditionally, PSU books used to quote at less than one time (stock) price to book value. Most of them are now quoting at more than one time the book value.
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Nifty, Sensex jumped nearly 1 percent from day's lows to trade firmly in the green. Traders are advised to consider buying opportunities during any downward movements in the market, said analysts.
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BoFA Securities says the consensus estimates for FY25 are still conservative for Public Sector Banks and sees the scope for a 10 to 20 percent upgrades in their earnings per share
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While market share of public sector banks was stable, the private sector banks saw a significant increase in share
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The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan.
