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FinMin asks PSU banks to do proper monitoring of loansBesides, in the recent meeting with Finance Minister Nirmala Sitharaman, PSB chiefs were asked to manage overall exposure to corporate, inc...- Motilal Oswal picks 3 PSU bank stocks as valuations remain inexpensivePublic Sector Banks (PSBs) have come a long way over the past five years with profitability of top 7 PSBs under our coverage improving to a...
- Stocks in news: KFin Tech, SBI, Tata Power, Gujarat Gas, Tata Steel, Sheela FoamExpiry of the December derivative series will bring in some volatility in the market. The overall trading volume is expected to remain mute...
- 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...
- BofA Securities bats for public sector banks over private ones; two key buy recommendationsOverall, this will likely drive system loan growth to improve sustainably to trend 12-13 per cent levels (from 10 per cent now),” said Anan...
- Punjab & Sind Bank sets off accumulated losses of Rs 3,577 crThe bank, "subsequent to the approval of the Reserve Bank of India, has appropriated accumulated losses of Rs 3,577.55 crore from share pre...
- Punjab & Sind Bank to seek shareholder nod to set off losses of Rs 3,577 cr from share premium accountThe 11th annual general meeting (AGM) of the shareholders will be held through audio-visual means on July 20, 2021.
- Rahul Gandhi attacks government over fuel price hikeGandhi and his Congress party have been attacking the government over high fuel prices, alleging that it has collected over Rs 21 lakh cror...
- Bank privatisation: How should India go about it?Three key metrics of successful privatisation are competitive industry, good governance and sufficient capital to ensure solvency of, and p...
- Trending stocks: Punjab & Sind Bank shares zoom 12%The stock quoted a 52-week high of Rs 35.35 and a 52-week low of Rs 9.3.
- June quarter show could upset PSB stocks rallyPSB stocks tend to be most volatile amongst the high beta banking universe. Any downside surprise in the earnings may lead to a sharp drop ...
- LIC to pick up to 5% stake in Punjab & Sind BankAt the prevailing share price of PSB, LIC will have to pay about Rs 95 cr to the bank. Shares of the bank today closed at Rs 85.75 apiece, ...
- Punjab & Sind Bank IPO settles 6% up on debut dayPunjab & Sind Bank’s IPO — 2010’s last IPO to list on bourses — debuted at a 6% premium to the offer price on Thursday.
- Punjab & Sind Bank IPO subscription reaches 50.41 times on final dayPunjab & Sind Bank's IPO received an overwhelming response, getting over-subscribed 50.41 times on the final day, generating bids worth Rs ...
- Punjab & Sind Bank IPO subscription reaches 29.77 times on Day 3Robust demand from bidders saw PSB IPO getting subscribed 29.77 times on the third day, garnering demand worth Rs 14,287 cr.
- 'Subscribe' to attractively priced Punjab & Sind IPO: EdelweissEdelweiss has recommended investors to ‘Subscribe’ to initial public offering of Punjab& Sind (PSB) that opened Monday.
- Punjab and Sind Bank IPO attractively priced: Motilal OswalAccording to Motilal Oswal the initial public offering of Punjab and Sind Bank (PSB) is attractively priced. However, technology upgradatio...
- Punjab & Sind Bank to raise Rs 480 cr, to be listed by Dec-endPunjab & Sind Bank (PSB) would be listed on bourses by the end of this month and is likely to raise Rs 480 crore through its initial public...
- PSB stocks zoom ahead as fears of higher interest rates recedeShares of public sector banks (PSB) zoomed in the past one week after crashing to new annual lows a few days before that.
- Govt to encourage more PSU banks to go for IPOsEnthused by the success of public offers of shares of public sector banks in recent times, the government on Friday said it will encourage ...
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