Nifty PSU Bank tumbles over 4% to 6-week low amid weak Q3 business updates; Union Bank of India top laggard
1 week, 2 days ago

Nifty PSU Bank tumbles over 4% to 6-week low amid weak Q3 business updates; Union Bank of India top laggard

Live Mint  

Indian PSU banking stocks were hammered by investors in today's session, January 6, as the business updates for the December-ending quarter released by state lenders over the weekend failed to cheer market sentiment, leading to a sharp decline across all major counters. The bank reported that its deposits grew by only 3.8% year-on-year for the December quarter, reaching ₹12.16 lakh crore, while advances grew by 5.9% to ₹9.49 lakh crore. Among other banks, the Bank of Baroda reported a 9.23% growth in domestic deposits and an 11.82% rise in global deposits, reaching ₹13.92 lakh crore. UCO Bank reported a 16.20% year-on-year growth in total advances, which rose to ₹2.08 lakh crore, driven by an 18.83% growth in domestic advances that reached ₹1.83 lakh crore. On the other hand, Bank of India reported double-digit growth in gross advances, which increased by 15.31% year-on-year to ₹6.51 lakh crore in Q3 FY25, compared to ₹5.65 lakh crore in Q3 FY24.

Crore Lakh Advances Deposits Union Bank Bank Of India Union Bank Of India India Reported Nifty Psu Bank  lakh  laggard  advances  india  reported  q3  quarter  psu  growth  low  deposits  yearonyear  crore  tumbles  nifty  union  bank  updates  weak

History of this topic

Explained: Why Union Bank share price tumbled 7% after Q3 update
1 week, 2 days ago

Explained: Why Union Bank share price tumbled 7% after Q3 update

India Today  

Union Bank of India shares fell sharply in Monday’s trade, dropping 7.2% to an intraday low of Rs 114.80 on the Bombay Stock Exchange. WEAK Q3 UPDATE The bank reported a 2.04% Q-o-Q drop in global total deposits to Rs 12,16,562 crore, compared to Rs 12,41,947 crore in the September quarter. However, on a positive note, global gross advances rose …

PSU bank stocks extend dominance over private lenders in 2024, record 4 consecutive years of gains
1 week, 5 days ago

PSU bank stocks extend dominance over private lenders in 2024, record 4 consecutive years of gains

Live Mint  

Shares of public sector banks delivered a strong performance in 2024, extending their winning streak to the fourth consecutive year, while private sector banks remained muted during this period, ending the year with mild losses and halting a three-year winning run. Beyond stock returns, public sector banks also outperformed private sector banks in the September quarter earnings. In addition, non-banking …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
2 weeks, 5 days ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

Wall Street jitters hit India: Sensex crashes, Nifty tumbles over US Fed rate cut
3 weeks, 6 days ago

Wall Street jitters hit India: Sensex crashes, Nifty tumbles over US Fed rate cut

India Today  

Benchmark stock market indices crashed on Thursday, mirroring global trends after the US Federal Reserve announced cuts in key interest rates by 25 basis points. India VIX, which measures market volatility, rose by 3.70%.The Nifty Midcap100 index fell 0.84%, while the Nifty Smallcap100 index declined 1.02%. All sectoral indices were trading in the red, with the steepest declines seen in …

Two small-cap PSU banks set for a leap?
1 month ago

Two small-cap PSU banks set for a leap?

Live Mint  

The Indian stock market has seen remarkable movements in recent years, with public sector undertaking banks emerging as a standout sector. Within this space, small-cap PSU banks like UCO Bank and Central Bank of India are showing significant potential and positioning themselves as future leaders. This scenario would likely benefit smaller PSU banks like UCO Bank and Central Bank of …

Banking revival in 2025: Why strong liability franchises stand to gain
1 month, 1 week ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

Union Bank Of India Share Price Today on 28-11-2024: Union Bank Of India share price are up by 0.16%, Nifty down by -0.79%
1 month, 2 weeks ago

Union Bank Of India Share Price Today on 28-11-2024: Union Bank Of India share price are up by 0.16%, Nifty down by -0.79%

Live Mint  

Union Bank Of India Share Price Today on 28-11-2024: At 28 Nov 11:13 today, Union Bank Of India shares are trading at price ₹123, 0.16% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA …

Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%
1 month, 2 weeks ago

Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%

Live Mint  

Shares of Indian PSU lenders have made a strong recovery in recent sessions, reversing the weak performance seen in the first half of the current month. The win has sparked optimism that the central government will prioritise increasing capital expenditure to drive economic growth, especially as current spending lags behind FY2025 budget estimates. Reflecting this optimism, the Nifty PSU Bank …

Union Bank Of India Share Price Today on 27-11-2024: Union Bank Of India share price are down by -0.45%, Nifty down by -0.03%
1 month, 2 weeks ago

Union Bank Of India Share Price Today on 27-11-2024: Union Bank Of India share price are down by -0.45%, Nifty down by -0.03%

Live Mint  

Union Bank Of India Share Price Today on 27-11-2024: At 27 Nov 11:02 today, Union Bank Of India shares are trading at price ₹120.85, -0.45% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA …

Union Bank Of India Share Price Today on 26-11-2024: Union Bank Of India share price are up by 0.67%, Nifty up by 0%
Top News
1 month, 2 weeks ago

Union Bank Of India Share Price Today on 26-11-2024: Union Bank Of India share price are up by 0.67%, Nifty up by 0%

Live Mint  

Union Bank Of India Share Price Today on 26-11-2024: At 26 Nov 11:09 today, Union Bank Of India shares are trading at price ₹120.6, 0.67% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA …

Union Bank Of India Share Price Today on 25-11-2024: Union Bank Of India share price are up by 4.09%, Nifty up by 1.79%
1 month, 3 weeks ago

Union Bank Of India Share Price Today on 25-11-2024: Union Bank Of India share price are up by 4.09%, Nifty up by 1.79%

Live Mint  

Union Bank Of India Share Price Today on 25-11-2024: At 25 Nov 11:28 today, Union Bank Of India shares are trading at price ₹119.65, 4.09% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA …

Union Bank Of India Share Price Today on 22-11-2024: Union Bank Of India share price are up by 1.17%, Nifty up by 1.05%
1 month, 3 weeks ago

Union Bank Of India Share Price Today on 22-11-2024: Union Bank Of India share price are up by 1.17%, Nifty up by 1.05%

Live Mint  

Union Bank Of India Share Price Today on 22-11-2024: At 22 Nov 12:12 today, Union Bank Of India shares are trading at price ₹116.45, 1.17% up from the previous closing price. On the technical front, the stock is trading above the 5,20 days SMA & lower than the 10,50,100,300 day SMA. The stock will have support at 5,20 days SMA …

PSU Bank Index Sees Big Drop
1 month, 3 weeks ago

PSU Bank Index Sees Big Drop

Deccan Chronicle  

MUMBAI: Several bank stocks came under pressure amid a broad market sell-off on Thursday pressured by bribery charges against industrialist Gautam Adani and other group executives by the United States Securities and Exchange Commission. Public sector bank stocks saw significant declines with some falling up to 7 per cent. The Nifty PSU index dropped nearly 5 per cent, weighed down …

Union Bank Of India Share Price Today on 12-11-2024: Union Bank Of India share price are down by -0.13%, Nifty down by -1.07%
2 months ago

Union Bank Of India Share Price Today on 12-11-2024: Union Bank Of India share price are down by -0.13%, Nifty down by -1.07%

Live Mint  

Union Bank Of India Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Union Bank Of India shares are trading at price ₹119, -0.13% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA …

Union Bank Of India Share Price Today on 05-11-2024: Union Bank Of India share price are up by 1.34%, Nifty up by 0.91%
2 months, 1 week ago

Union Bank Of India Share Price Today on 05-11-2024: Union Bank Of India share price are up by 1.34%, Nifty up by 0.91%

Live Mint  

Union Bank Of India Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Union Bank Of India shares are trading at price ₹117.45, 1.34% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA …

Union Bank of India Stock Price Today: A Technical and Fundamental Analysis
2 months, 2 weeks ago

Union Bank of India Stock Price Today: A Technical and Fundamental Analysis

Live Mint  

Union Bank of India shares experience mixed performance today, with the stock price trading slightly up at 0.21%. The Nifty index, on the other hand, is down by -0.38%. The stock has reached a high of ₹118.2 and a low of ₹115.55 during the day, indicating a trading range within a broader consolidation phase.

Union Bank of India Stock Price Today: A Technical and Fundamental Analysis
2 months, 2 weeks ago

Union Bank of India Stock Price Today: A Technical and Fundamental Analysis

Live Mint  

Union Bank of India shares experience mixed performance today, with the stock price trading up by 0.73% on the BSE and down by -0.51% on the NSE. The stock has hit a high of ₹118.6 and a low of ₹114.9 during the day, indicating a potential trend reversal based on technical analysis. Fundamental analysis suggests a company with a ROE …

Union Bank of India Share Price Today: Technical and Fundamental Analysis Indicates Potential Trend Reversal
2 months, 2 weeks ago

Union Bank of India Share Price Today: Technical and Fundamental Analysis Indicates Potential Trend Reversal

Live Mint  

Union Bank of India shares experience mixed performance today, with the stock price trading up by 0.31% on the BSE and down by -0.15% on the NSE. The stock has hit a high of ₹113.7 and a low of ₹111.55 during the day, indicating a potential trend reversal following a significant downtrend. The company's fundamental analysis shows a ROE of …

Nifty Bank surges over 3% to mark biggest weekly gain in 2024; Bandhan Bank climbs 8%, IDFC Bank up 7%
6 months, 3 weeks ago

Nifty Bank surges over 3% to mark biggest weekly gain in 2024; Bandhan Bank climbs 8%, IDFC Bank up 7%

Live Mint  

The Indian market ended the shortened trading week with significant fluctuations as profit booking by investors caused major indices to close in negative territory. Global brokerage firm CLSA has shown a preference for private sector banks over their public sector counterparts, noting their currently reasonable valuations. Another global brokerage house, Macquarie, also advised investors to favor private sector banks while …

PSU stocks crash today: PFC, REC, IREDA, PNB, others decline up to 13%. Here's why
8 months, 1 week ago

PSU stocks crash today: PFC, REC, IREDA, PNB, others decline up to 13%. Here's why

Hindustan Times  

Shares of PSU stocks crashed today with some of them declining by as much as 13% after the Reserve Bank of India proposed stricter regulations on projects under implementation. PSU stocks crash today: The stock market index on a display screen at the Bombay Stock Exchange building in Mumbai. PSU stocks performance today Shares of power financing companies such as …

Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement
10 months, 3 weeks ago

Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement

Live Mint  

Union Bank of India share price jumped almost 7 percent on Wednesday, February 21, after the PSU lender announced its plans to raise ₹3,000 crore through a qualified institutional placement, with a floor price set at ₹142.78 per share. February 20, 2024, approved the raising of funds for an amount not exceeding ₹3,000 crore through issue of equity shares through …

PNB market cap surpasses ₹1 lakh crore; third PSU bank to achieve feat
1 year, 1 month ago

PNB market cap surpasses ₹1 lakh crore; third PSU bank to achieve feat

Live Mint  

Within the universe of PSU banking stocks, Punjab National Bank has emerged as a standout performer, showcasing remarkable resilience and performance throughout the current year. This outstanding performance catapulted the bank's market capitalisation beyond the ₹one lakh crore milestone in today's trade, making it the third public sector bank to achieve this significant feat. The bank's pre-provision operating profit came …

Union Bank Q2 results: PSU bank’s net profit swells 90% YoY to ₹3,511 crore
1 year, 2 months ago

Union Bank Q2 results: PSU bank’s net profit swells 90% YoY to ₹3,511 crore

Live Mint  

Union Bank of India Q2 results: The government lender reported a whopping 90% rise in its net standalone profit to ₹3,511 crore in the September quarter of Financial year 2023-24. Union Bank of India's net NPA reduced to 1.30% in the quarter under review from 2.64% in the year-ago period. More than 3.51 lakh new enrollments were made by the …

Market falls for 5th straight session; investors lose about ₹15 lakh crore
1 year, 2 months ago

Market falls for 5th straight session; investors lose about ₹15 lakh crore

Live Mint  

Nifty 50 today: Key equity indices Nifty 50 and the Sensex closed in the negative territory for the fifth consecutive session on Wednesday, October 25, amid mixed global cues as concerns over the ongoing Israel-Hamas war keep investors nervous about riskier equities while unimpressive Q2 earnings and gains in US Treasury yields also weighed on sentiment. Nifty 50 today closed …

Banks to see margin pressure amid hike in deposit rates: Jefferies
1 year, 3 months ago

Banks to see margin pressure amid hike in deposit rates: Jefferies

Live Mint  

With the rising interest rate environment, most Indian banks are likely to see some pressure on their net interest margins over the next two to three quarters. Since December 2021, most Indian banks have taken a 170-210 basis points hike in their term deposit rates, with larger private banks and State Bank of India taking hikes of around 170-210 bps, …

Has banking stocks topped out as Bank Nifty retraces 2% from life-time high?
1 year, 6 months ago

Has banking stocks topped out as Bank Nifty retraces 2% from life-time high?

Live Mint  

Bank Nifty index has been under profit-booking trigger after scaling to life-time high of 44,498.60 on 16th June 2023. On pivot levels to ascertain bullish or bearish trend in banking sector, Vashali Parekh, Vice President — Technical Research at Prabhudas Lilladher said, "For Bank Nifty index, the level of 43,000 remain as the strong support while 44,400 would be strong …

Nifty Bank down about a per cent in June; is the party over for bank stocks?
1 year, 6 months ago

Nifty Bank down about a per cent in June; is the party over for bank stocks?

Live Mint  

After clocking gains in the last three consecutive months, the Nifty Bank index has been under pressure in June so far. Above 44,100, the Bank Nifty spot could extend the rally towards 45,000 in the next month," said Rajani. Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas pointed out that Bank Nifty, during the past three months, has …

PSU Bank, IT, FMCG keep Sensex, Nifty in red; Tata Steel, Hero, SBI top laggards
1 year, 7 months ago

PSU Bank, IT, FMCG keep Sensex, Nifty in red; Tata Steel, Hero, SBI top laggards

Live Mint  

Indian shares remained firmly in the red in the second half on Friday as RBI hinted that inflation will remain its priority. PTC INDUSTRIES More Information Noon Update: Indices hover in the flat zone with PSU Bank, IT and FMCG indices dragging the market, while Pvt Bank shines View Full Image Sensex at Noon Angel One Ltd recommendations on IEX: …

Bank Nifty touches all life-time high. Which stocks should you buy today?
1 year, 8 months ago

Bank Nifty touches all life-time high. Which stocks should you buy today?

Live Mint  

Stock market today: On account of strong Q4 results by Bank Nifty majors like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, AU Bank, Federal Bank, etc., Indian bulls finally managed to hit its all-time high of 44,151.70. On reasons for rally in Bank Nifty today, Ravi Singhal, CEO at GCL Broking said, "After strong fourth quarter results of major contributors …

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here
1 year, 8 months ago

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here

Live Mint  

Public sector lender, Union Bank of India registered strong double-digit growth in the fourth quarter of FY23. In the quarter, the bank witnessed strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross NPA. In the quarter, the bank registered 13.05% YoY and 0.73% QoQ growth in global advances to ₹8,09,905 crore, …

PSU Bank stocks’ valuations attractive, Motilal Oswal names 3 top picks
1 year, 11 months ago

PSU Bank stocks’ valuations attractive, Motilal Oswal names 3 top picks

Live Mint  

Public sector banks have been consistent performers on the Street in last one year and if experts estimates are to go by, their earnings growth will sustain going ahead aided by improved loan growth, margins and controlled credit costs. PSU banks have progressed a lot in past 5 years with profitability of of top seven PSBs improving to an estimated …

PSU Bank Stocks Surge 13% As Bulls Return to D-Street; Should you Buy?
2 years ago

PSU Bank Stocks Surge 13% As Bulls Return to D-Street; Should you Buy?

News 18  

After declining almost 10 per cent in the last session due to Covid fears, Fed rate hike, PSU bank stocks rebounded, gaining up to 13 per cent in Monday’s trade. In Q2, most PSU banks reported stellar earnings coupled with improvements in asset quality and rising credit growth numbers. Large PSU banks like SBI, BoB, Canara Bank are are trading …

Yes Bank share price jumps after sale of NPA to JC Flowers. Buy, sell or hold?
2 years ago

Yes Bank share price jumps after sale of NPA to JC Flowers. Buy, sell or hold?

Live Mint  

Yes Bank shares jump by over 4 per cent in early morning deals on Monday session. Yes Bank share price today opened with an upside gap and went on to hit intraday high of ₹22.10 apiece on NSE, logging around 4.25 per cent rise in stock market's opening bell today. According to stock market experts, Yes Bank shares are rising …

5 PSBs outperform markets, hit new 52-week highs. Do you own any of them?
2 years, 2 months ago

5 PSBs outperform markets, hit new 52-week highs. Do you own any of them?

Live Mint  

Indian markets extended their gains for a second consecutive day on Monday with Sensex and Nifty 50 crossing over the 61,100 and 18,200 marks respectively. During the second quarter, Indian Bank posted a 12% yoy growth in net profit to ₹1,225 crore, while net interest income soared by 15% yoy to ₹4,684 crore. In the second quarter of FY23, the …

Why investors are upbeat about PSU bank stocks
2 years, 3 months ago

Why investors are upbeat about PSU bank stocks

Live Mint  

Bank stocks are the flavour of the season. “Subdued bank credit growth observed in the last few years was mainly on account of weak demand, balance sheet deleveraging, shift to other funding sources and risk aversion by lenders," according to a report by ICICI Direct Research dated 20 September. View Full Image Getting ahead However, there has been a gradual …

Union Bank’s Q2 positives are priced into valuations
3 years, 2 months ago

Union Bank’s Q2 positives are priced into valuations

Live Mint  

Union Bank of India’s September quarter performance leaves much to be desired, when seen in the context of the surge in the lender’s shares over the past one month. The public sector lender reported a net profit of ₹1,526 crore for the September quarter, which is nearly twice that of the corresponding quarter of FY21, and 30% up on a …

Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G
4 years, 7 months ago

Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G

Firstpost  

The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks to boost credit growth, an official said on Friday Kolkata: The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks to boost credit growth, an official said on Friday. The number of PSBs has …

Gains in state-run banks help markets open at all-time highs
5 years ago

Gains in state-run banks help markets open at all-time highs

India Today  

Markets opened at record highs on Friday, driven by gains in state-run banks as investors cheered a central bank decision to conduct a special open market operation to bring down long-term yields. The NSE Nifty 50 Index rose 0.24 per cent to 12,288.60 by 0355 GMT, while the S&P BSE Sensex index gained 0.25 per cent to 41,781.50. The Nifty …

No need to panic, Indian banking system safe: RBI
5 years, 3 months ago

No need to panic, Indian banking system safe: RBI

India Today  

The Reserve Bank on Tuesday assured the general public that the Indian banking system is safe and stable and there is no need for panic based on rumours. The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector, including a deepening …

PSB stocks plunge up to 10.6% post merger announcement
5 years, 4 months ago

PSB stocks plunge up to 10.6% post merger announcement

India TV News  

Public sector bank stocks, led by Canara Bank, Union Bank and Punjab National Bank, tumbled up to 10.6 per cent on Tuesday after the government announced the merger of 10 state-run lenders into four. Shares of Canara Bank dropped 10.59 per cent, Union Bank of India fell 9.08 per cent, Punjab National Bank plunged 8.55 per cent, Oriental Bank of …

FM Nirmala Sitharaman to address press conference at 4 pm today; likely to announce major plan for merger of PSU banks
5 years, 4 months ago

FM Nirmala Sitharaman to address press conference at 4 pm today; likely to announce major plan for merger of PSU banks

Firstpost  

In the previous term of the Modi government, five associate banks and Bharatiya Mahila Bank were merged with State Bank of India. The Narendra Modi government has reportedly prepared a major plan for merging multiple sets of PSBs and may announce it anytime soon, said a report in Business Standard quoting sources. These ten PSBs a re: Punjab National Bank, …

Indices log biggest one-day loss of this year, Sensex crashes 558 points
5 years, 7 months ago

Indices log biggest one-day loss of this year, Sensex crashes 558 points

Live Mint  

Indian markets edged lower ahead of RBI policy decision. Bonds rally after RBI signals more rate cuts, rupee strengthens India's 10 year bond yield on Thursday dived 11 basis points after the Reserve Bank of India cut rates and changed its stance. Nifty Bank continues to trade lower despite RBI rate cut The Nifty Bank was trading lower post the …

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks: Arun Jaitley
5 years, 10 months ago

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks: Arun Jaitley

Firstpost  

Jaitley said the NPA situation of PSU banks has improved in the last 2-3 quarters and the NDA government has ended the practice of “phone banking” New Delhi: The government is following the policy of amalgamating public sector banks to create healthy large banks which are globally competitive, finance minister Arun Jaitley said Thursday. He said the NPA situation of …

Sensex, Nifty start on a positive note; bank stocks jump on fund infusion; SBI, Axis, ICICI bank among top gainers
5 years, 10 months ago

Sensex, Nifty start on a positive note; bank stocks jump on fund infusion; SBI, Axis, ICICI bank among top gainers

Firstpost  

Public sector bank stocks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 PSBs this fiscal to help them maintain regulatory capital requirements and finance growth plans Mumbai: Benchmark indices started on a positive note on Thursday tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector …

NPAs with PSU banks declining: Arun Jaitley
6 years, 3 months ago

NPAs with PSU banks declining: Arun Jaitley

The Hindu  

Non-performing assets with public sector banks are on the decline, Finance Minister Arun Jaitley said on Tuesday, adding that public sector banks are expecting recoveries on loans to the tune of ₹1.8 lakh crore this financial year. Speaking at a press briefing after an annual review meeting with the heads of public sector banks, Mr. Jaitley said “the light at …

The status of public sector banks in India today
6 years, 4 months ago

The status of public sector banks in India today

Live Mint  

Media reports say the parliamentary committee on estimates, headed by Murli Manohar Joshi, has invited former Reserve Bank of India governor Raghuram Rajan to brief it on the mounting non-performing assets of Indian banks. Reserve Bank of India inspectors checked the books of all banks with a fine-tooth comb, identified the bad loans and asked the banks to clean up …

Discover Related