Public Sector Banking

The government may not like to go in for further consolidation in public sector banks till the NPA situation improves, sources said.

'Nifty likely to break 8,600; better to book profits thereon'

Technical analysts say the breakout today can be attributed to both aggressive short-covering and deployment of fresh funds.

Govt to soon clear merger of SBI & associates: FM

Favouring consolidation in the public sector banking space, Finance Minister Arun Jaitley said the government as of now is looking only at SBI merging 5 subsidiaries as well as Bharatiya Mahila Bank with itself and a decision on this will be taken soon

Be selective; exit metal, PSU bank shares: Dipan Mehta

Dipan Mehta, member of BSE & NSE, feels investors should focus only on companies with quality earnings for long-term returns. Broad-based rally might not last, he adds.

Risk to PSU banks‘ asset quality may stretch to FY17: Goldman

"We currently forecast stress loans to peak in FY16—but see risk to asset quality stretching into FY17 if the macro recovery continues to be elusive and commodity prices fall," says a report by Goldman Sachs.

Budget 2016: FM maintains status quo on FY17 bk recapitalisation at Rs 25k cr

In their pre-Budget expectation list, most industry experts had expressed hope that the funding is not only hiked but also front-loaded as the deadline set for cleaning up of balance sheets is March 2017.

See Nifty at 8000-level in a year; close to bottom: Amit Rathi

Amit Rathi, MD at AnandRathi Financial Services says market will look for credible action plan on bank recapitalisation and spending on infrastructure in the Budget.

Reviving PSU banks: Time for Jaitley to act now

Between them, Pranab Mukherjee and P Chidambaram have left behind a huge time-bomb for Jaitley to defuse, and so far he is showing no signs of being on top of the problem. The high-growth years of UPA were bankrolled by excessive, injudicious lending by banks, and Jaitley is facing the music now.

PSU bank unions to go on two-day strike from tomorrow

A section of the public sector banking employees will go on two-day all-India strike from tomorrow to protest against financial sector reforms and outsourcing of jobs.