Page 11 - Psu Banks
PSUs to manage stressed assets of banks: Jaitley
Gross NPA of PSBs has surged from 5.43% in 2014-15 to 9.32% in 2015-16
 "PSUs to manage stressed assets of banks: Jaitley")
Is the worst over for PSU banks?
The reason analysts are not comfortable to call the bottom in PSU banks is because of the opacity of the data
 "Is the worst over for PSU banks?")
PSU banks gain; Oriental Bank, Canara Bank up 5%
Nifty PSU Bank index was up 2.7% as compared to 0.18% gain in Nifty 50 and 0.60% rise Nifty Bank index at 03:14 pm.
 "PSU banks gain; Oriental Bank, Canara Bank up 5%")
Finance Ministry revises criteria for recapitalisation of PSU banks
The government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks
 "Finance Ministry revises criteria for recapitalisation of PSU banks")
SBI, HDFC Bank, Kotak Bank hit 52-week high
Given the run-up, analysts advise investors to remain cautious and adopt a stock-specific approach while investing
 "SBI, HDFC Bank, Kotak Bank hit 52-week high")
Is the worst behind for state-owned banks?
Some brokerages upgrade targets for SBI, PNB, BOB, among others, after run-up in their stock prices
 "Is the worst behind for state-owned banks?")
PSU banks gain post RBI policy
SBI, BOI, Union Bank, Allahabad Bank, BOB, Syndicate Bank, PNB and Oriental Bank were up 2% each at 11.41 am.
 "PSU banks gain post RBI policy")
Submit plans for fund raising: Govt to PSU banks
Under Indradhanush roadmap announced by the ministry last year, the government will infuse Rs 70,000 crore in PSBs over 4 years
PSU banks gain; Canara Bank, Bank of India up 3%
Oriental Bank of Commerce, Bank of India, PNB, IDBI Bank, Canara Bank and Allahabad Bank were up 3%-4% on NSE.
 "PSU banks gain; Canara Bank, Bank of India up 3%")
Half-hearted measure
Capital infusion norms for public sector banks are questionable
Govt releases Rs 23,000 cr to recapitalise 13 PSU banks
SBI gets the biggest chunk of Rs 7,575 cr followed by Rs 3,101 crore for Indian Overseas Bank
 "Govt releases Rs 23,000 cr to recapitalise 13 PSU banks")
What is causing PSU banks to rally?
But according to experts, PSU banks have a lot of catching up to do with the private sector cousins, and the rough phase is perhaps not over yet
PSU banks extend gain; Allahabad Bank, PNB surges over 50% in one month
Allahabad Bank, Canara Bank, Bank of India, Union Bank of India and PNB were up more than 3% each on the NSE.
 "PSU banks extend gain; Allahabad Bank, PNB surges over 50% in one month")
PSU bank employees to go on strike
All India Bank Officers' Association and State Sector Bank Employees' Association will also participate in the strike
PSU banks rally; Nifty PSU Bank hits six month high
Allahabad Bank, Oriental Bank, Dena Bank, Vijaya Bank, PNB and Corporation Bank were up more than 5% each.
 "PSU banks rally; Nifty PSU Bank hits six month high")
Is it time to consider govt banks?
With a large part of the asset quality stress revealed by most state-owned banks, it makes sense to buy their stocks
 "Is it time to consider govt banks?")
No immediate gains for banks from new norms
Provisioning and credit cost might remain high in near term despite new loan restructuring guidelines
 "No immediate gains for banks from new norms")
PSU Banks, select infra shares gain as RBI revises debt restructuring rules
Punjab National Bank, Oriental Bank, Union Bank, Bank of India, and SBI were up more than 2% on the NSE.
 "PSU Banks, select infra shares gain as RBI revises debt restructuring rules")
PSU banks dip on profit booking
Nifty PSU bank index was up 7% against 1% rise in Nifty Bank and 0.20% decline in Nifty in past four trading days.
 "PSU banks dip on profit booking")
PSBs get Jaitley's shield for prudent NPA settlement
Govt to soon decide on SBI consolidation; Cabinet note moved, say sources
 "PSBs get Jaitley's shield for prudent NPA settlement")
