OPL in talks to sell stake to AvenuesAI, eyes AI-powered credit revolutionOnline PSB Loans (OPL) is in advanced talks to bring AvenuesAI on board as a minority stakeholder, with AvenuesAI planning to acquire a 7% ...
June quarter earnings to determine market direction, says Sunil Subramaniam, warns on risks in near termMarket expert Sunil Subramaniam advised caution amid geopolitical uncertainty and rising input costs, while favouring consumer durables, ca...
Stay disciplined, think five years out: Deepak Shenoy on how to navigate volatile marketsGlobal economic turbulence is high. However, India's company earnings are performing well. Deepak Shenoy advises investors to focus on fund...
ESOPs for state-bank staff: For PSB employees, stock may be an option; decision likely after electionsThe proposal to offer employee stock ownership plans or ESOPs, has been on the backburner for a while but it may advance after the Lok Sabh...
Is it time for them to get re-rated? Only for moderate risk takers, 5 mid & small-sized PSU banksWhen a sector gets re-rated, it is the leader of that particular sector which tends to get the attention in the first leg. If the fundament...
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...
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...
Punjab & Sind Bank declares IL&FS Tamil Nadu Power as fraud account; outstanding dues at Rs 148 croreAs per the bank's policy on determination and disclosures on material events, PSB said it has declared this non-performing account (NPA) as...
Government okays Rs 5,500 crore equity infusion into Punjab & Sind BankThe capital infusion, the lender said, is towards the contribution of the central government in the preferential allotment of equity shares...
RBI Governor bears out what is behind PSU bank fraudsIn specific context of frauds that have surfaced recently, RBI has put the onus on the govt.
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 ...
Can PSU banks be a multibagger opportunity for stock investors?Most of the PSBs have plunged more than 50 per cent in the past 12 months, which include names like BoI (down 60%), OBC (down 57%), Canara ...
- Punjab & Sind Bank raises Rs 300 cr from bonds
State-owned Punjab & Sind Bank (PSB) today raised Rs 300 crore from bonds to fund business growth.
- Punjab and Sind Bank ties up with HCL Infosystems
No financial details were, however, disclosed. Shares of PSB today closed at Rs 119.35 a piece, up 0.42 per cent from its previous close on...
- 'Subscribe' to attractively priced Punjab & Sind IPO: Edelweiss
Edelweiss has recommended investors to ‘Subscribe’ to initial public offering of Punjab& Sind (PSB) that opened Monday.
- Punjab and Sind Bank IPO attractively priced: Motilal Oswal
According to Motilal Oswal the initial public offering of Punjab and Sind Bank (PSB) is attractively priced. However, technology upgradatio...
- PSB stocks zoom ahead as fears of higher interest rates recede
Shares of public sector banks (PSB) zoomed in the past one week after crashing to new annual lows a few days before that.