Psu Bank News


Private lenders take lead in employee strength ahead of PSU peers

PSU banks have been losing employees over the last several years and headcount has shrunk by over 60,000 in the past five years.

3 min read15 Jun 2024

PSU stocks frenzy: Madhu Kela comfortable in buying PSU banks, but wary of ‘unsustainable valuations’ in THESE firms

Markets will become very selectively going forward. In some pockets valuations have become unsustainable… I am not going to pay at this kind of valuation to buy any story, Kela said.

1 min read7 Jun 2024

PSU Bank index jumps 4.4% on BJP-led NDA govt confirmation; IOB, CBI, Union Bank top gainers

Nifty PSU Bank index surged over 4% for the second day on BJP-led NDA forming government, recovering from a 15% drop post-election uncertainty. All PSU Bank stocks traded higher, with some gaining over 5%. Investor sentiment improved with political stability after NDA’s election win.

2 min read6 Jun 2024

General Elections 2024: Private banks or public sector lenders - who will benefit more from Modi’s likely win?

Amid recent market movements, public sector bank stocks have surged while private sector banks witnessed some consolidation.

4 min read25 May 2024

Private banks now structurally ex-growth, to see continued derating, says Emkay Global; halves weight in model portfolio

Private banks experience structural ex-growth, face challenges in improving ROAs. Emkay Global slashes weightage on financials to 15% from 30%, with deep cuts in index heavyweights like HDFC Bank, ICICI Bank and SBI, while it has added Axis Bank.

3 min read16 May 2024

Nifty PSU Bank plunges 6% in a week, six stocks including PNB, Canara Bank tumble by over 9%; what’s causing the fall?

Stocks like Punjab National Bank and Canara Bank experienced the most substantial drops in a week, losing 12% and 11.4% of their value, respectively. Other stocks, including those of the Central Bank of India, Bank of India, Indian Overseas Bank, and UCO Bank, also witnessed declines of over 9%.

3 min read9 May 2024

PFC, REC, IREDA, PNB, others decline up to 13%: Why PSU stocks are falling sharply today - explained

Shares of PSU stocks dropped by up to 13% as RBI imposed stricter regulations on project loans during the construction phase, with provisions set at 5%. Power financing companies like PFC and REC witnessed sharp declines.

2 min read6 May 2024

ICICI Bank stock check: Amidst PSU banks spotlight, why experts still prefer this private sector lender?

Despite the prevailing favoritism towards public sector banks, one private sector lender stands out as a top pick among experts: ICICI Bank. Let’s take a look at the fundamental and technical outlook for the stock in the long term. Why is it still a good buy? Here’s what experts say.

5 min read21 Mar 2024

SBI vs Bank of Baroda: Which PSU bank stock should you pick for long term?

The Nifty PSU Bank index alone has delivered impressive returns of over 83%, overshadowing the 19.5% returns of the Nifty Bank index, in the last 1 year. Let’s analyse between the State Bank of India (SBI) and Bank of Baroda (BoB), which PSU bank stock has better long-term investment opportunities.

7 min read16 Mar 2024

PSU banks: Kotak Equities raises SBI share price target, downgrades Canara Bank and PNB

On SBI’s outperformance with other public banks, Kotak analysts said the premium at which SBI is currently trading to Bank of Baroda and with other mid-tier public banks has declined sharply and is closer to the best of times.

2 min read29 Feb 2024
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