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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

SI Reporter  |  New Delhi 

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 (down 1.14%) dragged ...

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First Published: Mon, June 12 2017. 14:14 IST
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