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  • Bajar Gupshup | Fresh series kicks off on a firm note; mid and small caps outperform Aug 27, 2021 04:55 PM IST

    Bajar Gupshup | Fresh series kicks off on a firm note; mid and small caps outperform

    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.

  • Bajar Gupshup | Benchmarks snap 2-week winning streak; Metals top drag Aug 20, 2021 05:25 PM IST

    Bajar Gupshup | Benchmarks snap 2-week winning streak; Metals top drag

    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.

  • Shanti Lal Jain appointed as new MD and CEO of Indian Bank Aug 19, 2021 09:23 PM IST

    Shanti Lal Jain appointed as new MD and CEO of Indian Bank

    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.

  • Sale of stake in PSU banks postponed to next financial year: Report Aug 02, 2021 04:24 PM IST

    Sale of stake in PSU banks postponed to next financial year: Report

    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.

  • SC order on interest waiver: PSU banks may have to take Rs 2,000 crore hit Apr 04, 2021 08:45 PM IST

    SC order on interest waiver: PSU banks may have to take Rs 2,000 crore hit

    The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year.

  • Govt unlikely to continue with zero-coupon bond route to recap PSU banks Mar 28, 2021 11:44 AM IST

    Govt unlikely to continue with zero-coupon bond route to recap PSU banks

    The government, they said, would resort back to recapitalisation bonds bearing a coupon rate for capital infusion in these banks.

  • UCO, Bank of India among 12 stocks that rallied up to 70% post Budget; here's why Feb 23, 2021 01:47 PM IST

    UCO, Bank of India among 12 stocks that rallied up to 70% post Budget; here's why

    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.

  • Govt to bring amendments to two Acts to enable privatisation of PSU banks Feb 16, 2021 02:49 PM IST

    Govt to bring amendments to two Acts to enable privatisation of PSU banks

    Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks.

  • Two reasons why India’s cash-starved govt banks need urgent capital support now May 28, 2020 03:49 PM IST

    Two reasons why India’s cash-starved govt banks need urgent capital support now

    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.

  • It is too late to have second thoughts on public sector bank mergers Feb 27, 2020 09:42 AM IST

    It is too late to have second thoughts on public sector bank mergers

    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.

  • Budget 2020: FM Sitharaman pulls the plug on PSU bank recapitalisation Feb 01, 2020 02:47 PM IST

    Budget 2020: FM Sitharaman pulls the plug on PSU bank recapitalisation

    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

  • Nation-wide strike impacts banking services at PSU banks Feb 01, 2020 11:27 AM IST

    Nation-wide strike impacts banking services at PSU banks

    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.

  • Having spent Rs 2.8 lakh crore, govt should not starve PSU banks for capital at this stage Jan 06, 2020 01:12 PM IST

    Having spent Rs 2.8 lakh crore, govt should not starve PSU banks for capital at this stage

    There are six reasons why the timing may not be right for the government to turn off the funding tap for PSBs.

  • PSU bank stocks rally as RBI plans second round of Operation Twist on December 30 Dec 27, 2019 12:18 PM IST

    PSU bank stocks rally as RBI plans second round of Operation Twist on December 30

    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.

  • More trouble for banks, bad loans under Mudra Kishore soar 107% in 6 months: Report Nov 28, 2019 10:45 AM IST

    More trouble for banks, bad loans under Mudra Kishore soar 107% in 6 months: Report

    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.

  • Bank Frauds | Whose fault is it anyway? Nov 22, 2019 10:42 AM IST

    Bank Frauds | Whose fault is it anyway?

    What’s needed is a proper incentive structure for PSU banks and bankers.

  • Banks slip post RBI's circular to link lending rate to external benchmark; Moody's retains stable outlook Sep 05, 2019 10:44 AM IST

    Banks slip post RBI's circular to link lending rate to external benchmark; Moody's retains stable outlook

    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.

  • D-Street Buzz: Financials continue to drag; SBI, YES Bank fall 3% each, Sun Pharma extends gains Aug 29, 2019 03:19 PM IST

    D-Street Buzz: Financials continue to drag; SBI, YES Bank fall 3% each, Sun Pharma extends gains

    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.

  • D-Street Buzz: FM's booster dose propels PSU banks higher; escalating trade war hammers metal stocks Aug 26, 2019 11:42 AM IST

    D-Street Buzz: FM's booster dose propels PSU banks higher; escalating trade war hammers metal stocks

    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.

  • Govt's 70K cr boost pushes PSU banks higher; Central Bank, Indian Bank spike 6-7% Aug 26, 2019 10:34 AM IST

    Govt's 70K cr boost pushes PSU banks higher; Central Bank, Indian Bank spike 6-7%

    Measures such as removal of surcharge on foreign portfolio investors (FPI) and removal of CSR violation as the criminal offence will cheer market participants.

  • Sentiment Booster | Are confidence building measures enough to overcome lenders’s risk aversion? Aug 26, 2019 09:39 AM IST

    Sentiment Booster | Are confidence building measures enough to overcome lenders’s risk aversion?

    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.

  • Bazar mein tezi vapas aayegi! Expect huge gap up opening on Aug 26 post FM's speech Aug 25, 2019 08:00 AM IST

    Bazar mein tezi vapas aayegi! Expect huge gap up opening on Aug 26 post FM's speech

    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

  • HDFC Bank management rejig drags Bank Nifty; PSU banks gather steam Aug 23, 2019 12:17 PM IST

    HDFC Bank management rejig drags Bank Nifty; PSU banks gather steam

    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.

  • Banking stocks take a beating: BoB, PNB, RBL Bank down 4% each, YES Bank crashes Aug 22, 2019 03:13 PM IST

    Banking stocks take a beating: BoB, PNB, RBL Bank down 4% each, YES Bank crashes

    Nifty Bank shed close to 2 percent dragged by YES Bank which plunged 14 percent.

  • Difficult to call it a bottom; avoid aggressive buying in largecaps, focus on midcaps Aug 11, 2019 08:06 AM IST

    Difficult to call it a bottom; avoid aggressive buying in largecaps, focus on midcaps

    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

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