Page 12 - Psu 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.

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.

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

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 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.

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

No immediate gains for banks from new norms

Provisioning and credit cost might remain high in near term despite new loan restructuring guidelines

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 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.

PSBs get Jaitley's shield for prudent NPA settlement

Govt to soon decide on SBI consolidation; Cabinet note moved, say sources

Time for govt to sort out mess in PSBs, says Chris Wood

With the passage of Real Estate (Regulation & Development) Bill, Wood has added Prestige Estates in his Asia ex-Japan long-only portfolio and trimmed stake in RIL, Bharti Infratel

PSU Banks' numbers suggest consolidation only way out of the mess

The government will now have to use the consolidation angle to bring out all that has been hidden under the carpet by the banks

PSU banks under pressure after Crisil downgrade

Oriental Bank,IDBI Bank, Allahabad Bank, Indian Overseas Bank and Andhra Bank were down more than 1% each.

Consolidation, capital infusion positive for PSU banks: Fitch

Fitch marked out addressing PSBs' asset quality and potential capital shortfalls as more immediate issues

RBI breather to reduce PSU banks' extra capital need by 15%

RBI breather lets SBI, BoB capital adequacy ratios climb up by 100 basis points

Non-performing assets of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha

Sinha said the crisis in the banking and financial system runs deep and noted delay on the part of banks to red-flag such cases