SBI. PSU Banks

The gross non-performing assets came in at Rs 1.61 lakh crore, down nearly 5 per cent QoQ, from Rs 1.68 lakh crore reported in Q1FY20

YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL

In past two trading sessions, Nifty PSU Bank index was up 4.4% against 1% rise in the Nifty 50 index

J&K Bank, Allahabad Bank, Bank of India, Andhra Bank and IDBI Bank were up more than 3% on NSE.

BoB, BOI, Oriental Bank, Canara Bank, Indian Bank and PNB among 17 banks hit 52-week highs

Nifty PSU Bank index was up 7% in past five trading days against 0.97% gain in Nifty 50 index.

BOB, BOI, Syndicate Bank, Corporation Bank, Oriental Bank and PNB were up more than 2% each.

SBI and Bank of Baroda were up 2% each on the BSE in noon deal trade

Six PSU banks - BOB, BOI, IDBI Bank, Indian Bank, UBI and Vijaya Bank - have hit their respective 52-week highs on NSE.

SBI, Canara Bank, Indian Overseas Bank, IDBI Bank and Bank of Baroda were trading higher by up to 3% on NSE.

Asahi Songwon Colors, State Bank of Mysore, Arshiya and Punjab Chemicals are locked in upper circuit of 20% each

Thus far in current week, the PSU bank index rallied nearly 19%, its biggest week gain since May 2009.