Psu

Government Eases Lending Rules For Weak Shadow Banks

Business | Reuters | Wednesday December 11, 2019

The government said it would allow state-run banks to get partial guarantees against the purchase of BBB+ rated securities of these shadow banks.

Sensex Closes Over 300 Points Lower As Markets Fall For Second Straight Day

Business | Written by Abhishek Vasudev | Friday December 6, 2019

All the 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank index's over 4 per cent fall.

Sensex Drops Over 500 Points From Day's High Amid Broad-Based Selloff

Business | Edited By Abhishek Vasudev | Friday December 6, 2019

All the 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty PSU Bank index's 4 per cent fall.

Nifty Ends Below 12,000 For First Time In 7 Sessions

Business | Written by Abhishek Vasudev | Tuesday December 3, 2019

Nine of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank and Nifty Metal indexes nearly 3 per cent fall.

Diluting Government Stake Below 50% In Banks No Solution: Unions

Business | Press Trust of India | Friday November 1, 2019

Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs.

Sensex, Nifty End On A Flat Note; SBI Surges After Profit Triples In Q2

Business | Written by Abhishek Vasudev | Friday October 25, 2019

Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 3.4 per cent gain.

Sensex, Nifty End Higher; Infosys Rebounds After Worst Day In Six Years

Business | Written by Abhishek Vasudev | Wednesday October 23, 2019

Seven of 11 sector gauges ended higher led by the Nifty PSU Bank index's over 2 per cent gain.

Banks Have Sufficient Liquidity: Finance Minister Nirmala Sitharaman

Business | Press Trust of India | Monday October 14, 2019

Finance Minister Nirmala Sitharaman said banks have been asked to provide a bill discounting facility to the MSME sector against payments due from the large corporates.

Sensex, Nifty Resume Decline After A Day's Pause

Business | Written by Abhishek Vasudev | Thursday October 10, 2019

All the 11 sector gauges compiled by NSE ended lower led by the Nifty PSU Bank index's nearly 3 per cent fall.

Stake Sale Of State-Run Firms May Be Put Before Cabinet By November: Report

Business | Indo-Asian News Service | Sunday October 6, 2019

Exit from BPCL and SCI and sale of 30% equity in Concor will help government mop up Rs 70,000-75,000 crore.

Sensex, Nifty Extend Losses To Second Session; Yes Bank Slumps 14%

Business | Written by Abhishek Vasudev | Monday September 30, 2019

Nine of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank index's 3.47 per cent fall.

Sensex, Nifty Pause After Two Days Of Stellar Rally

Business | Written by Abhishek Vasudev | Tuesday September 24, 2019

Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's over 2 per cent decline.

Nationwide Bank Strike On September 26, 27 Against Mergers

India News | ANI | Sunday September 22, 2019

Around four lakh bank employees across the country are set to go on a strike on September 26-27 to protest against the merger of public sector banks.

No Stressed Small, Medium Businesses To Be Declared Bad Loan Till March 2020: Nirmala Sitharaman

Business | Press Trust of India | Thursday September 19, 2019

At a press conference after meeting PSU bank heads, Finance Minister Nirmala Sitharaman said there already exists a circular from the Reserve Bank that provides for stressed loan accounts of MSMEs not being declared non-performing assets (NPAs).

Finance Minister To Review State-Run Banks' Merger Preparedness: Report

Business | Indo-Asian News Service | Wednesday September 18, 2019

Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process