Banking stocks fall as Arun Jaitley meets PSB bank heads on NPA issue

The minister will review also the financial performance of all PSBs at the meeting

Nifty PSU Bank index edged lower in today’s trade, down nearly 2% as ahead of a meet between Arun Jaitley and public sector banks (PSBs) heads to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans that have crossed Rs 6 lakh crore.
 
Among public sector banks, Bank of India (down 2.37%), Oriental Bank of Commerce (down 2.27%), Punjab National Bank (down 2.23%), Union Bank of India (down 1.99%), Bank of Baroda (down 1.93%), Canara Bank (down 1.58%), IDBI Bank (down 1.34%) and State Bank of India