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Shares of PSU banks News

23 Aug 2017

Bank stocks in demand, surge up to 4%

The government on Wednesday decided to set up an alternative mechanism to oversee the proposals for consolidation of public sector banks (PSBs) with a view to creating fewer but stronger lenders.

Shares of PSU banks

07 Feb 2017

Shares of PSU banks, govt stake in erstwhile PSUs may form basket of second CPSE Exchange Traded Fund

The Finance Ministry is considering including shares of public sector banks and government's shareholding in erstwhile PSUs in the second CPSE Exchange Traded Fund (ETF) which it plans to launch next fiscal.

Shares of PSU banks

14 Jun 2016

PSU bank stocks surge upto 8% on RBI's move on stressed assets

Shares of PSU banks on Tuesday gained up to 8 percent after the RBI came out with a scheme for resolution of bad loans of large projects wherein a portion of the debt will be converted into equity or other instruments.

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