PSU Bank

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation

With five state elections in the coming months - Uttar Pradesh and Punjab being the major ones - some populist measures are also not ruled out, analysts said.

Compared to private sector entities, public sector-owned firms are able to get 5-10 basis points finer rates

State-run PSU banks are likely to be in focus today as government plans to shore up capital requirement in Q2; Focus will also be on other corporate results

The stock was up 1.4 per cent at Rs 471 on the BSE in Wednesday's intra-day trade, quoting close to its record high of Rs 471.85 touched on September 17, 2021

Notwithstanding economic disruptions caused by the pandemic, PSBs have managed to raise a record Rs 58,700 crore from markets in FY2020-21 through a mix of debt and equity to enhance capital base.

Scheduled commercial banks were carrying NPAs worth Rs 8.96 trn on their balance sheet at the end of March 2020

Lenders come out with standardised products to help mitigate Covid crisis

The selling in the market was mostly broad-based, with only stocks from the information technology (IT) sector managing to hold their head above water

To save interest burden and ease the fiscal pressure, the government last year decided to issue zero-coupon bonds for meeting the capital needs of the banks

Congress MP Ravneet Singh on Tuesday said privatisation of public sector banks will compromise financial security

In a Q&A, Padmaja Chundru says issues like equal stature of Allahabad Bank and Indian Bank and retirement of 10 GMs were addressed fairly with continuous communication with staff and customers

PNB gained 15 per cent in the last week after the bank said ICRA Ratings has upgraded the ratings of Bonds issued by the Bank and reaffirmed the rating of Certificate of Deposits

There is a growing consensus in favour of the move, but strengthening governance and widening the ambit of acceptable investor groups are critical to its success

Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21

The Nifty PSU Bank Index is much less tracked because it doesn't offer liquid F&O contracts

Vijaya Bank, Allahabad Bank, IDBI Bank, IOB, United Bank and Syndicate Bank were up 5% and 7%.

He will also review the performance of the lenders

Enthused by success of SBI merger, finance ministry is considering clearing another such proposal