te PSU banks stocks rise before meeting with FM Jaitley | Zee Business

PSU banks stocks rise before meeting with FM Jaitley

The S&P BSE Banex was up 0.23% at 9:45 am as against the broader market’s gain of 0.06%.

PSU banks stocks rise before meeting with FM Jaitley
Finance Minister Arun Jaitley. Pic: PTI

Shares of Public Sector Banks rose in early trade on Monday June 6, 2016 before the review meeting with Finance Minister Arun Jaitley.

Shares of State Bank of India were trading up 1%, Bank of Baroda was trading up 0.93%, PNB at 0.71%, Federal Bank was up 1.76% on the BSE.

The S&P BSE Banex was up 0.23% at 9:45 am as against the broader market’s gain of 0.06%.

TRENDING NOW

The finance minister is scheduled to review banks’ performance in terms of overall credit growth, financial inclusion and perfomance of new initiatives of the present Government including Stand Up India, MUDRA, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Surkasha Bima Yojana (PMSBY) and Atal Pension Yojana among others.

Ministry of Finance, in a statement on June 3 had said, “During the one day Meeting, the Finance Minister Shri Jaitley would review the overall Performance of PSBs during the Financial Year 2015-16 as well as with regard to the flow of credit to agriculture, insurance and MSE sectors among others.”

Besides it, issues relating to housing loan, Medium and Small Enterprises credit, financial inclusion and literacy etc are also likely to be discussed in the review meeting, the statement said. 

Jaitley is also expected to review the performance of PSBs with regard to the new projects and proposals, stalled projects and possible remedial measures among others.

Find out latest stock prices of banks here.

Written By: ZeeBiz WebTeam
Updated: Mon, Jun 06, 2016
09:51 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Public sector banks get Rs 15,183 crore following ED action under PMLA: FM Sitharaman Public sector banks get Rs 15,183 crore following ED action under PMLA: FM Sitharaman
Recent correction may have prepared three PSU bank stocks for a rebound Recent correction may have prepared three PSU bank stocks for a rebound
Committee of Directors gives nod to raise equity capital upto Rs 4,000 crore: Indian Bank Committee of Directors gives nod to raise equity capital upto Rs 4,000 crore: Indian Bank
Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs
Q3 earnings review: Public sector banks' profit jumps 65% – here’s how SBI, Bank of Maharashtra and others performed Q3 earnings review: Public sector banks' profit jumps 65% – here’s how SBI, Bank of Maharashtra and others performed

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x