PSU bank stocks top gainers in Sep
The Nifty-50 reached the milestone of 20k last month.
The Nifty-50 reached the milestone of 20k last month.
The Union finance minister credited ‘Twin Balance Sheet Advantage’ to various reform measures adopted by the government.
Current Account Savings Account (CASA) for BoM saw 24.47 per cent rise, the highest among the public sector lenders, during the year.
United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
The UFBU has called for a pan-India strike on March 15-16. It has claimed that about 10 lakh bank employees and officers of the banks are participating in the strike.
The provision coverage ratio (PCR) of the banks for bad loans have also risen to 70 per cent from 46 per cent after the asset quality review (AQR) last year.
Some of these banks have come under pressure because of interest paid to their bondholders of Additional Tier 1 (AT-1) bonds, sources said.
Public money is “extremely safe” in state-owned banks, Finance Minister Piyush Goyal said on Tuesday against the backdrop of several…
Only two banks, Indian Bank and Vijaya Bank, posted profits during 2017-18.
Moody’s Investors Service on Thursday said the government’s Rs 2.11 lakh crore capital infusion in PSU banks would narrow the…