Page 13 - Psu Banks

Govt may shuffle heads of some PSU banks, including IDBI banks

Union Cabinet's Appointments Committee, headed by PM Modi, will take the final decision

Govt approves second tranche of capital infusion in PSU banks

Announced fund infusion of Rs 22,915 cr out of Rs 25,000 cr marked for 13 PSBs for current fiscal

Govt to infuse Rs 1,894 cr capital into SBI

Government had provided Rs 22,915 crore capital to 13 PSU banks including SBI, PNB and IOB

PSU Banks gain; Nifty PSU Bank index up nearly 2%

SBI, Oriental Bank, Allahabad Bank, Union Bank, PNB, BOI, Vijaya Bank and BOB were up 1% to 4% on the NSE.

PSU banks recover from day's low; Nifty PSU bank index up 1%

SBI, BOB, Vijaya Bank, BOI, Corporation Bank, Uco Bank and Union Bank recovered more than 2% each from intra-day lows

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

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

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.

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

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

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

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.