Aug 27, 2021 04:55 PM IST
Sensex and Nifty ended at record closing high led by gains across the board. Broader markets, midcap and smallcap indices outperformed the benchmarks. All sectoral indices ended in the green with metals, pharma, IT, PSU banks and realty indices gaining the most.
- Aug 20, 2021 05:25 PM IST
Sensex and Nifty ended lower, dragged by selling across the board amid weak global cues. Small and mid cap indices also declined over 2 percent each. Barring Nifty FMCG, all other sectoral indices closed are in the red with Nifty Metals falling over 6 percent followed by PSU banks, pharma, realty and media indices.
- Aug 19, 2021 09:23 PM IST
Shanti Lal Jain, 56, is currently the Executive Director of state-run Bank of Baroda. The Department of Financial Services had proposed his appointment as the MD and CEO of Indian Bank, which has now been approved by the Appointments Committee of the Cabinet.
- Aug 02, 2021 04:24 PM IST
The disinvestment programme has been deferred as the Centre would require more time to seek the Parliament's nod on changes in the law that would clear the privatisation of the selected state-run banks.
- Apr 04, 2021 08:45 PM IST
The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year.
- Mar 28, 2021 11:44 AM IST
The government, they said, would resort back to recapitalisation bonds bearing a coupon rate for capital infusion in these banks.
- Feb 23, 2021 01:47 PM IST
Apart from the Budget-related triggers, the macro factors are improving as the economy re-opens also added to the strength in the rally. But, structurally things remain weak, suggest experts.
- Feb 16, 2021 02:49 PM IST
Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks.
- May 28, 2020 03:49 PM IST
If the govt wants PSBs to shoulder the burden of the economic package execution, simultaneously fighting the COVID-19 uncertainty, it needs to fill their capital void. Else, it needs to prepare a plan to get out of government ownership in these banks and let private players run the show.
- Feb 27, 2020 09:42 AM IST
The best way to make public sector banks strong is to transform their governance which is done best by privatizing them. Politicians have neither the inclination, nor the determination, to let them be run professionally without interfering.
- Feb 01, 2020 02:47 PM IST
The government has already front loaded Rs 68,855 crore, out of Rs 70,000 crore earmarked for capital infusion for the current fiscal, to take care of the mega-merger plan announced in August last year
- Feb 01, 2020 11:27 AM IST
The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) to press for wage revision pending since November 2017.
- Jan 06, 2020 01:12 PM IST
There are six reasons why the timing may not be right for the government to turn off the funding tap for PSBs.
- Dec 27, 2019 12:18 PM IST
The top gainers included Allahabad Bank which jumped 8 percent while State Bank of India gained over 2 percent after a Citi upgrade in its stock price.
- Nov 28, 2019 10:45 AM IST
Geared towards non-farm income-generating activities, lack of due diligence and poor monitoring of these loans is the latest worry for the already stressed banking sector.
- Nov 22, 2019 10:42 AM IST
What’s needed is a proper incentive structure for PSU banks and bankers.
- Sep 05, 2019 10:44 AM IST
Moody’s has affirmed a stable outlook for banks including Canara Bank, Oriental Bank of Commerce, Syndicate Bank and Union bank of India. The firm changed the outlook on Punjab National Bank to positive from stable.
- Aug 29, 2019 03:19 PM IST
251 stocks hit new 52- week low on BSE including Indiabulls Housing Finance, Wockhardt, Jindal Steel & Power, Eris Lifesciences, Godrej Industries and JSW Steel among others.
- Aug 26, 2019 11:42 AM IST
The top Nifty50 gainers include Indiabulls Housing Finance which is up close to 4 percent followed by HDFC, Adani Ports, Bajaj Finance and Bajaj Finserv while the top losers are Tata Steel, JSW Steel, Vedanta, Hindalco Industries and Hero MotoCorp.
- Aug 26, 2019 10:34 AM IST
Measures such as removal of surcharge on foreign portfolio investors (FPI) and removal of CSR violation as the criminal offence will cheer market participants.
- Aug 26, 2019 09:39 AM IST
Banks are parking almost a trillion rupees daily at the RBI’s overnight repo window. That shows they have money but are unwilling to lend.
- Aug 25, 2019 08:00 AM IST
The speech was like a well-paced innings of MS Dhoni – that started off slowly and cautiously, well-paced in the middle overs and slogging it out towards the end to ensure a victory for team India
- Aug 23, 2019 12:17 PM IST
Nifty PSU Bank added over a percent led by gains from Bank of Baroda and PNB, which jumped over 2 percent each. Bank of India, Canara Bank, IDBI Bank and Oriental Bank of Commerce were up 1 percent each.
- Aug 22, 2019 03:13 PM IST
Nifty Bank shed close to 2 percent dragged by YES Bank which plunged 14 percent.
- Aug 11, 2019 08:06 AM IST
The Nifty likely to consolidate in the range of 10,850-11,200 for the coming week. Auto, Real Estate and NBFC can outperform the index