Page 2 - Psu Bank Index

Canara Bank jumps 5% post stock split; up 8% in last three sessions

Canara Bank stock split: Canara Bank has fixed May 15, 2024 as the record date for determining entitlement of equity shareholders for the purpose of sub division/ split of existing equity shares

Bank shares dazzle; ICICI m-cap hits Rs 8 trn; SBI, Indian Bk soar up to 5%

Bank Nifty hit a new all-time high on Monday led by a rally in ICICI Bank post inline Q4 results. Analysts upbeat on future prospects of the private sector bank.

PSU bank stocks rally on earnings hope; SBI at new high, Canara Bank up 3%

The Nifty PSU Bank index was the top sectoral gainer, up over 2 per cent in an otherwise range-bound market on Thursday.

Bank Nifty still looks weak on charts; PSU Bank index range-bound

According to Ravi Nathani, an independent technical analyst, the Nifty Bank index is expected to face stiff resistance in the 48,500 - 48,900 range.

PSU Banks soar: PNB, Indian Bank, Central Bank, PSB, BOI zoom up to 4%

The Nifty PSU Bank index rose sharply at 2.66 per cent against 1.01 per cent rise in the Nifty50 benchmark index. A total of 1,86,178 shares worth 12.61 crores changed hands intraday

Budget cheer? Here's what drove 1,400-pt rally in Sensex, Nifty to new high

Reliance and IT stocks led the market rally as investors cheered the fact that Budget 2024 resisted the temptation of populist measures, and stuck to the fiscal prudence path.

SBI, BoB, PSB: Track these levels while riding the rally in PSU Banks

The Nifty PSU Bank index was the top performing sector post Interim Budget on Thursday; the index was up almost 12 per cent in the last four days.

Nifty PSU Bank soars 3%; Bank of India, Union Bank, PNB, UCO rally up to 7%

At 02:35 PM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3 per cent as compared to a 1.2 per cent rise in the Nifty 50

REC, PFC, IRFC zoom over 200% in FY24. Time to exit PSU stocks?

A K Prabhakar, head of research at IDBI Capital, too remains selective and suggests investors exit power sector stocks such as REC and PFC where the run up has been sharp

PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark

The Nifty PSU Bank index hit a new high at 5,589, and has rallied over 10 per cent in the last one month.

PSBs extend rally; Union, Canara, PNB hit 52-week highs; SBI crosses Rs 600

The Nifty PSU Bank index hit a record high of 5,418.70 in intraday trade on Tuesday, surpassing its previous high of 5,396.85 touched on October 3, 2023

Nifty PSU Bank index soars 3% on strong Q2 earnings by PNB, Canara Bank

For the quarter ended September 2023, PNB reported a solid 327 327 per cent YoY surge in net profit, while Canara Bank's net profit grew 42.8 per cent.

PSU Bank index up 2% in weak market; IOB, UCO, Central Bank rally upto 15%

The Nifty PSU Bank index hit an intra-day high of 4,516.75, trading close to its record high level of 4,647.95 touched on July 27

Indian Overseas Bank soars 15% as Care Ratings assigns 'A1+' rating to CoD

The rating for Rs 10,000-crore certificate of deposits (CoD) factors-in the long track record of operations, comfortable capitalisation levels, diversified advances book and deposit base

Nifty Financial Services exhibits bullish trend; buy near support levels

According to Ravi Nathani, an independent technical analyst, support levels are projected at approximately 19,525 and 19,425 for Nifty Financial Services index

PNB, Bank of Baroda: 5 stocks in PSU Bank index that can rally up to 17%

Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high

Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%

In the past two trading days, the Nifty PSU Bank index has rallied 6 per cent

Bank of Maharashtra tops PSU lenders chart in profit, loan growth in FY23

State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23. The Pune-headquartered lender also recorded highest growth in profitability with bottomline growing almost 126 per cent to Rs 2,602 crore during the year. However, all the 12 public sector banks together recorded 57 per cent jump in net profit at Rs 1,04,649 crore in FY23, according to published yearly numbers of public sector banks (PSBs). In terms of percentage increase in gross advances, BoM recorded 29.4 per cent jump in loans at Rs 1,75,120 crore as of March 2023. It was followed by Indian Overseas Bank and UCO Bank with 21.2 per cent and 20.6 per cent growth, respectively. However, in absolute terms, aggregate loans of the country's biggest lender SBI were nearly 16 times higher at Rs 27,76,802 crore. With regard to deposit growth, BoM witnessed 15.7 per cent rise and mobilised Rs 2,34,083 crore at the end

Indian Bank hits over 4-year high on FII buying; stock jumps 12% in 2 days

The average trading volumes on the counter jumped nearly three-fold, as around 3.2 million shares changed hands on the NSE and BSE till 11:09 am

PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%

At 02:23 pm, Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent