psu bank


Banking sector could witness turnaround in FY20: S&P

Mar 21 2018

Making a case for more concrete steps to strengthen internal control system in PSU banks, S&P Global Ratings said the banking sector could witness a turn around in FY20.

PSU bank stocks recover early losses; end up to 10% higher

Mar 14 2018

Bank stocks bounced back from early losses to end with gains of up to 10 percent.

Nifty ends flat, holds on 10,400-level despite volatility

Mar 13 2018

The broader NSE Nifty ended on a flat note after a volatile trade amid sluggish global cues ahead of US inflation data due today.

Finance Ministry to coax Fitch for sovereign rating upgrade

Mar 06 2018

The govt will pitch for a sovereign rating upgrade with Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower govt debt.

Markets find feet again; Sensex snaps 3-day losing spell

Feb 21 2018

Domestic market found its winning ways after three straight sessions of losses, with the BSE Sensex rebounding over 141 points on sustained buying.

NSE benchmark Nifty rebounds 85 pts on strong global cues

Feb 12 2018

NSE benchmark Nifty rebounded 85 points on robust buying in realty, energy, pharma and auto counters amid positive global cues.

Larger PSU banks to get bigger pie of recap bonds: Fitch

Jan 10 2018

The govt's plan to recapitalise PSBs is likely to focus on supporting lending growth, with large lenders being the main beneficiaries, Fitch said.

PSU Banks' capital raises are credit positive: Moody's

Dec 19 2017

Moody's said that it signals improved access to the equity capital markets and will reduce PSBs' dependence on fund infusion from the govt.

MFs log Rs 1.26L cr inflow in Nov, AUM at a record Rs 21.8L cr

Dec 10 2017

With the latest inflow, total infusion in MF schemes reached Rs 3.8 lakh cr in the first 8 months (Apr-Nov) of the current fiscal, Amfi data showed.

Canara Bank employees against merger of smaller PSU banks

Nov 24 2017

The employees of Canara Bank requested the Centre not to consider cross merger of smaller public sector banks having high NPAs.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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