Shares of large state-run banks such as State Bank of India, Bank of Baroda and Punjab National Bank were hit by selling pressure today as many bankers and brokers felt the allocation of funds under the Rs 2.11-lakh-crore recapitalisation plan to these lenders was not up to their estimates and below their requirements of fresh …
Continue reading "PSU bank shares suffer on recapitalisation plan"
January 26, 2018Noting that the “bailout” for state-run banks through the Rs 2.12 lakh crore recapitalisation plan has turned out to be a “moral hazard” in view of the corporates’ inability to repay loans, Finance Minister Arun Jaitley on Thursday said that capital infusion is solely aimed at strengthening the banking system. He was replying to the …
Continue reading "Bailout not good but banks need to be strengthened: Jaitley"
January 5, 2018Bank stocks were on fire today as the scrips surged up to 32 per cent after the government unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks. Shares of Punjab National Bank were trading with a sharp gain of 31.90 per cent, Bank of Baroda zoomed 24.17 per …
Continue reading "Recapitalisation plan fires up bank stocks up to 32%"
October 25, 2017