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NEWS
Sensex climbs 560 points, Nifty closes above 22,300 led by PSU banks and consumer durables
Tue, Apr 23, 2024     Source : Financial Express
The losers on Monday include NTPC, HDFC Bank, JSW Steel, IndusInd Bank, and Bajaj Auto.
NEWS
5 PSU banks to reduce govt shareholding to meet MPS norms
Fri, Mar 15, 2024     Source : Economic Times
Five public sector lenders, including Bank of Maharashtra, IOB and UCO Bank are planning to reduce government stake to less than 75 per cent to comply with Sebi's minimum public shareholding (MPS) norms, F...
NEWS
Finmin asks PSU banks for comprehensive review of their gold loan portfolio
Thu, Mar 14, 2024     Source : Economic Times
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government.
NEWS
PSU banks ordered to test purity of gold loan book
Sat, Mar 09, 2024     Source : Economic Times
The finance ministry ordered state-run banks to review gold loan processes amid fears about risky debt given a rally in prices of the metal, said people familiar with the matter.
NEWS
How long will the bull run continue for PSU banks?
Mon, Feb 26, 2024     Source : Business Standard
In the past one year, the S&P BSE Bankex has been up 17.63 per cent and the Bank Nifty 17.04 per cent. But the Nifty PSU Bank index has risen close to 95 per cent!
MUTUAL FUNDS NEWS
For next 3-4 years, PSU banks can be a good bet: Sunil Subramaniam
Sat, Feb 17, 2024     Source : Economic Times
Two-wheelers with lack of growth and rural demand, obviously were not the hottest pick last year but are showing better numbers and will do so through the summer.
NEWS
PSU banks, insurance companies to remain closed for half day on Jan 22
Fri, Jan 19, 2024     Source : Economic Times
Public sector banks, insurance companies, financial institutions and regional rural banks will remain closed for half day on January 22 due to the Ram temple consecration ceremony in Ayodhya.
NEWS
PSU banks told to tighten loan risk assessment
Mon, Oct 16, 2023     Source : Economic Times
The government has asked state-run banks to strengthen their loan risk assessment parameters after the Reserve Bank of India (RBI) flagged signs of stress in the retail loan segment.
NEWS
PSU banks rally on bond inclusion hopes
Wed, Sep 20, 2023     Source : Financial Express
The benchmark Nifty50 also closed the session in the red, down 59.05 points or 0.29% from Friday’s close.
NEWS
The strong growth in MSME book can pose a problem for PSU banks
Thu, Jun 08, 2023     Source : Business Line
The GNPA ratio in MSME loans is quite high in many public sector banks
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