Page 14 - Psu Banks
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
 "Is it time to consider govt banks?")
No immediate gains for banks from new norms
Provisioning and credit cost might remain high in near term despite new loan restructuring guidelines
 "No immediate gains for banks from new norms")
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, select infra shares gain as RBI revises debt restructuring rules")
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.
 "PSU banks dip on profit booking")
PSBs get Jaitley's shield for prudent NPA settlement
Govt to soon decide on SBI consolidation; Cabinet note moved, say sources
 "PSBs get Jaitley's shield for prudent NPA settlement")
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
 "Time for govt to sort out mess in PSBs, says Chris Wood")
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' numbers suggest consolidation only way out of the mess")
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.
 "PSU banks under pressure after Crisil downgrade")
Consolidation, capital infusion positive for PSU banks: Fitch
Fitch marked out addressing PSBs' asset quality and potential capital shortfalls as more immediate issues
 "Consolidation, capital infusion positive for PSU banks: Fitch")
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
 "RBI breather to reduce PSU banks' extra capital need by 15%")
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
 "Non-performing assets of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha")
Arun Jaitley pledges all support to keep PSBs in 'good health'
Jaitley welcomed RBI's easing of rules to allow lenders to bolster capital ratios
 "Arun Jaitley pledges all support to keep PSBs in 'good health'")
PSU banks gain ahead of Union Budget; SBI up 3%
SBI, BOI, Indian Overseas Bank, Canara Bank, BOB and Allahabad Bank were up more than 2% each on the NSE.
 "PSU banks gain ahead of Union Budget; SBI up 3%")