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PSB TURNAROUND STRATEGY
UPA caused banking crisis, Modi govt restored PSBs to health: Finance Minister Nirmala Sitharaman to Rahul GandhiFinance Minister Nirmala Sitharaman countered Rahul Gandhi's accusations of government misuse of public sector banks. She attributed the ba...- FM Nirmala Sitharaman attacks Rahul Gandhi, says citizens benefited cleaner, stronger banking system in Modi govtFinance Minister Nirmala Sitharaman defended public sector banks against Rahul Gandhi's criticism, highlighting their improved health and e...
- Indian banking sector pips IT as net profit tops Rs 3 lakh crore in FY24, rises 39% YoYIndia's banking sector reached a historic milestone with a net profit surpassing Rs 3 lakh crore in FY24. The combined profit of listed pub...
- Taking stock: How bankable are PSU bank shares?Nifty PSU Bank which comprises 12 stocks has yielded nearly 60% in returns in the last 12 months, which is higher from 10%, 13.68% and 14.9...
- Public sector banks' total profit crosses Rs 1 lakh crore-mark in FY23The cumulative profit of public sector banks in India reached Rs 1 lakh crore during the financial year ending March 2023, with State Bank ...
- Top favourites! SBI, Airtel among 10 stocks that got most number of upgradesOut of the 38 analysts with a coverage on SBI, which reported its highest-ever quarterly profit after tax (PAT) of Rs 13,264.62 cr in Q2, a...
- Hot Stocks: Brokerages on ICICI Bank, SBI, Bank of Baroda and consumer staplesGlobal brokerage firm CLSA, BofA and Citigroup shared their views on a number of stocks and sectors, including ICICI Bank, public sector le...
- PSU banks riding the credit wave to continue strong showWhile BofA continues to have a positive outlook on India's largest lender State Bank of India with a neutral rating and a target price of ₹...
- 3 reasons why BofA thinks the turnaround in PSU bank stocks is here to stay"We see BOB continuing to lead the PSB turnaround story beyond State Bank of India (SBI) on a more diversified/safer book and a more advanc...
- PSBs plan to create central talent poolState-run banks are proposing to create a central talent pool and finalise a three-year business strategy for individual banks, aiming to i...
- Airtel's Africa business reports net profit of $178 million in Q1FY23, a 25% on-year jumpRevenue for the quarter ended June 2022 rose 13%-on year and 2.8% sequentially in reported currency, to $1.257 billion, the company said Th...
- Airtel Africa Q4 net profit up 33% but ARPU fallsThe Africa unit’s net finance costs in the March quarter increased 8% on-year but declined 8.2% sequentially to $112 million.
- DFS Secretary asks banks to soar up balancesheet; raise capital from marketDuring the meeting with top executives of PSBs at Manthan 2022, Financial Services Secretary Sanjay Malhotra exuded confidence that public ...
- The good, bad & agla steps: Looks like there's only one way India's bad bank could workThe bad bank should not be a one-off deal to clean up banks' books. Loans will grow, new bad loans will creep in, and banks’ appetite for c...
- Government to create globally competitive large lenders via mergers: FM Arun JaitleyFM Jaitley said the government lived up to its promise of continuing to fund banks in terms of capital.
- 5 reasons why Indian banks need to up the ante for Basel III complianceIndian PSBs are falling short of the stipulated capital requirements under Basel III.
- India will continue to attract inflows; invest in rate sensitives: Ajay Bodke, Prabhudas LilladherAlthough a rate hike in June cannot be completely ruled out, the chances of it happening in June, based on current data, look remote, Bodke...
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