PSU Banks News
Gross bad assets of government banks fell from 14.58% in Mar 2018 to 3.12% in Sep 2024: Finance ministry
The marked improvement also saw public-sector banks record their highest-ever aggregate net profit of ₹1.41 trillion in FY24 against ₹1.05 trillion in FY23, the finance ministry said.
3 min read12 Dec 2024Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%
The recent recovery in Indian PSU lenders, driven by the BJP’s win in Maharashtra, has led to a 7.35% rise in the Nifty PSU Bank Index. Analysts expect increased capital expenditure and new banking products to bolster credit growth and improve the business environment for state-run banks.
2 min read27 Nov 2024Central Bank of India to Punjab & Sind Bank: Experts recommend these PSU bank shares to buy on OFS buzz
The central government is considering selling minority stakes in these four state-run banks to comply with public shareholding norms mandated by the capital markets regulator SEBI, Reuters reported.
1 min read19 Nov 2024Public sector banks grew 11% in first half of FY25, finance ministry data shows
The improved operational performance of PSBs was supported by lower levels of bad assets, the ministry said.
1 min read12 Nov 2024Indian Bank, Bank of India and 10 other PSU bank stocks rise up to 17.5% in 5 sessions on strong Q2 performance
Despite a challenging month for frontline indices, the Nifty PSU Bank index showed resilience in October, closing with a minor decline. Strong quarterly results from several banks boosted investor sentiment, resulting in all constituents gaining over 5% during the last week of the month.
3 min read4 Nov 2024Brighten your Diwali portfolio with these four PSU Bank stocks
With the Nifty PSU Bank Index climbing 17% this year, are PSU bank stocks set to deliver strong returns as we enter the festive season?
3 min read1 Nov 2024Nifty PSU Bank soars over 3%, posts biggest intraday jump in a month; Bank of Baroda top index gainer
Nifty PSU Bank index recorded the best day in a month amid strong gains in index stocks. Among the top performers in the index today was Bank of Baroda as its shares jumped 6% to ₹253.60 apiece after the bank’s September quarter numbers beat analysts’ estimates.
3 min read28 Oct 2024Stock market today: Nifty 50, Sensex end range-bound trade marginally lower; FMCG, realty suffer
The Nifty 50 ended the session with a 0.15% drop at 24,399, while the Sensex ended trade with a cut of just 0.02% at 80,065. 24 constituents of the Nifty 50 closed in the negative territory, led by HUL, which experienced a decline of nearly 6%.
4 min read24 Oct 2024Value Stocks says majority of PSU stocks fairly or undervalued, shares top investment themes for long term
A recent study by Value Stocks indicates that while some Public Sector Undertakings (PSUs) are overvalued, many remain undervalued. Key sectors like defence, railways, and shipbuilding show significant growth potential after price corrections, making them attractive for long-term investment.
2 min read16 Oct 2024Bank of Baroda shares remain a buy for Motilal Oswal despite 10% fall in 3 months; here’s what the brokerage says
Motilal Oswal maintains a ’buy’ recommendation on Bank of Baroda despite a 9.5% decline over the last three months. The brokerage has a target price of ₹290 on the stock, indicating a 16% upside from current levels as it expects steady earnings growth.
4 min read30 Sep 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared