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PSU banks in demand

Capital Market 

Shares of 18 rose by 0.38% to 6.47% at 14:11 IST on BSE on optimism triggered by media report that recovered nearly Rs 7000 crore bad loans in the last two months.

was up 8.31% at Rs 103. Among other PSU banks, (up 6.47%), (up 6.07%), (up 5.96%), (up 5.92%), (up 5.64%), & Sind Bank (up 5.15%), (up 4.97%), (up 4.91%), (up 4.86%), (up 4.77%), (up 4.18%), (up 3.71%), National Bank (up 3.70%), (up 3.45%), (up 2.58%), (up 1.85%) and (up 0.38%), edged higher. Central Bank of India, however, was down 1.14%.

The was down 164.99 points, or 0.49% at 33,752.95.

According to media reports, Bank of India has recovered Rs 7000 crore worth Standby Letters of Credit in the last two months and the balance of Rs 2000 crore would be recovered in another two months.

have been under severe pressure recently after the National Bank scam was reported on 14 February 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 14:13 IST