Psu Banks News

Financial Services Secretary Vivek Joshi on Thursday chaired a meeting with heads of Public Sector Banks (PSBs) and financial institutions, and urged them to push various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The day-long review meeting was also ...

The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ratio declining from the peak of 14.6 per cent in March 2018 to 5.53 per cent in December 2022, Parliament was ...

According to Lotusdew Wealth, a smallcase manager, the public sector banks have the liquidity capacity to provide credit value at USD 100 billion. As of March 2022, cash and balances with RBI for Public Sector Banks are at USD 70 billion ...

Leading state-run banks have hit their new 52-week high in trade today amid strong credit growth, operating performance, and growing asset quality. These banking stocks are UCO Bank, Canara Bank, and Punjab National Bank. According to Emkay Global, "Among PSBs, BOB, ...

Leading brokerage firm Motilal Oswal has recommended "buy" stocks of Union Bank of India & Canara Bank. Both are mid-cap PSU Banks with a market cap of more than 50,000 crores. The brokerage sees a potential upside of up to 26% ...

After the 3rd consecutive Repo rate hike by the Reserve Bank Of India (RBI), two Public sector Banks Punjab & Sind Bank and Bank Of Maharashtra also revised their Fixed Deposit interest rates last week. The revised interest rates on FDs by the banks came into effect today. {photo-feature}...

Since the start of the year, bank stocks are seeing a winning run and experts say the action is more in the PSU Bank pack following an underperformance. On a YTD basis, the Nifty PSU Banks have gained a handsome 22.34%, ...