PSU Bank Recapitalisation

Smallcaps, sugar stocks and shares of recently listed companies like Paytm, SJS Enterprises, Fino Payments Bank and PolicyBazaar were in demand

Here are the best of Business Standard's opinion pieces for Wednesday

Govt cannot keep infusing capital perpetually

Wants RBI to give performance details over the past five years

This one year window has afforded an opportunity to PSBs by an estimated relief of around Rs 35,000-38,000 crore

IDBI Bank getting the most at Rs 106 bn, SBI to get Rs 88 bn, Rs 92.32 bn for Bank of India; loans above Rs 2.5 bn will undergo special monitoring

During the present recapitalisation exercise, the bonds will have non-SLR status and will be non-tradable

Targets set during the previous recapitalisation plan were too high, and banks weren't able to achieve them

The analysts see more value in larger PSU banks as the risk of equity dilution lies more in small and mid-sized PSU banks

Brokerages bullish on SBI, PNB & BoB, though some feel rally may subside as earnings take centre stage

SBI, PNB, Canara Bank, Bank of India, Union Bank of India, Oriental Bank of Commerce and Bank of Baroda were up in the range 25% to 38% on the NSE

SBI, PNB, Bank of India, Bank of Baroda, Canara Bank and Union Bank of India were up 22% to 36% on the NSE in intra-day trade.

Latest move will, however, benefit capital-starved PSBs as they focus on business growth once their basic need of capital is taken care of

The move is aimed at creating jobs and boosting economic growth

The move will have cascading effects for lot of related sectors, said SBI chairman Rajnish Kumar