PSU Banks
PSU banks may see enhanced profits, says Chief Economic Advisor Krishnamurthy Subramanian
Sun, Feb 09, 2020
The PSU Banks may see enhanced profits with write-back of some of the loans provisions in their balance sheets on account of the IBC resolutions and they must now tap the market themselves instead of looking for recapitalisation, Chief Economic Advisor Krishnamurthy Subramanian has said.
More >
Planning ETF investment? Finance Ministry to launch exchange-traded fund this fiscal - Check details
Sun, May 26, 2019
The government currently has two exchange-traded funds -- CPSE ETF and Bharat-22 ETF -- listed on domestic exchanges. ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
More >
Finance Ministry to take call on bank recap after September
Fri, May 03, 2019
The remaining PCA (Prompt Corrective Action) banks will also require fresh funds to come out of the Reserve Bank of India`s (RBI) framework for weak banks. But for this, the banks would have to match the performance parameter targets required for PCA removal and would have to show improved performance.
More >
Government may launch exchange traded fund of PSU bank stocks next fiscal
Tue, Feb 19, 2019
The government has set a disinvestment target of Rs 90,000 crore for 2019-20, up from Rs 80,000 crore in 2018-19. So far this fiscal, the government has raised Rs 53,558 crore from CPSE stake sale and share buyback.
More >
Bank Recruitment: These Public sector banks set to hire 1 lakh people in FY19
Mon, Dec 17, 2018
The number is more than double the number the banks hired in the last two years, according to the Team Lease estimates. Notably, PSU banks collectively hired 95,000 in last two years for positions like clerk, management trainees and probationary officers, the ET said, adding that this didn't include lateral hirings.
More >
Why Modi govt ordered this massive move today that has huge consequences for India
Mon, Sep 17, 2018
This attack by PM Modi against the crippling problem shows his government's intent on the shocking banking crisis. In fact, FM Jaitley revealed today that the bank NPA crisis was not Rs 2.5 lakh cr, but a mind-blowing Rs 8.5 lakh cr!
More >
Anil Singhvi's Market Strategy September 17: FMCG is positive; PSU Banks, Metals are negative
Mon, Sep 17, 2018
Positive foreign institutional investors (FII), neutral global outlook, domestic institutional investors (DIIs), and future and option (F&O) cues suggest that the short-term trend of the Indian market will remain neutral on September 17, 2018. However, the traders are advised to be cautious while trading in the market today.
More >
India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do
Tue, Mar 06, 2018
The government will tomorrow pitch for a sovereign rating upgrade with global agency Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower government debt.According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subr
More >
PSU banks, metals among 4 reasons why Sensex tanked over 400 points
Mon, Feb 19, 2018
The S&P BSE Sensex and the Nifty50 extended losses on Monday as the session progressed even as global cues remained supportive. The 30-share Sensex slipped below its key psychological mark of 34,000, while the Nifty50 was heading towards its crucial 10,300 mark.
More >
