Sat, Apr 29, 2023
The government on Saturday appointed Rajneesh Karnatak as managing director of Bank of India (BoI) while Debadatta Chand as head of Bank of Baroda (BoB).
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Thu, Feb 09, 2023
SBI reported its highest-ever quarterly Profit After Tax (PAT) in December quarter at Rs 142 billion on continued strong margin uptick and reversal of MTM provisions, partly offset by higher standard asset provisions, Emkay said in its report
Fri, Feb 03, 2023
Total income during October-December 2022 increased to Rs 27,092 crore as against Rs 20,482 crore in the year-ago period, BoB said in a regulatory filing.
Sun, Jan 22, 2023
In the first half of FY23, the cumulative net profit of all PSBs increased by 32 per cent to Rs 40,991 crore. The combined profit more than doubled to Rs 66,539 crore in 2021-22 despite COVID-19 pressure.
Thu, Dec 29, 2022
Nilesh Jain, who is Assistant Vice President - Lead Derivative and Technical Research at Centrum Broking, recommended buying SBI shares for targets of Rs 630 and Rs 650, estimating a 7 per cent upside from current levels. The support, he said, is at Rs 585
Fri, Dec 23, 2022
Indian shares posted their worst performance in six months hit by US economic data as the country reported better than estimated GDP growth numbers from July through September despite sharp interest rate hikes being undertaken by the US Federal Reserve
Wed, Dec 14, 2022
The Delhi headquartered Oriental Insurance has not hired any fresh employee for the past five years, in the case of the Kolkata headquartered National Insurance it is four years since the company saw fresh blood.
Sun, Nov 13, 2022
The Pune-headquartered lender recorded 28.62 per cent increase in gross advances at Rs 1,48,216 crore at the end of September 2022, according to published quarterly numbers of public sector banks (PSBs).
Wed, Nov 09, 2022
Shares of these three public sector lenders have reported stellar growth in terms of both month-on-month (MoM) and year-to-date (YTD) in October, according to a report released by Motilal Oswal.
Mon, Nov 07, 2022
Goldman Sachs upped the target to Rs 770 from Rs 728, estimating over Rs 170 per share gains for the investors. The American investment bank and financial services company recommended this stock at a price of Rs 594
Sat, Oct 22, 2022
The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) of up to 141,299,422 equity shares by promoter and selling shareholders, as per the draft red herring prospectus (DRHP).
Mon, Sep 26, 2022
Extending losing streak for the fourth straight day, benchmarks Nifty50 closed near 17,000-mark, while the Sensex dropped around 900 points to end near 57,150, dragged by Auto, Metal, PSU Bank and Realty stocks
Tue, Aug 30, 2022
Managing directors and executive directors of all public sector banks who participated in the meeting were asked to focus on credit growth during the festive season, beginning in September
Tue, Aug 09, 2022
Of the total 12, three lenders -- State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India -- reported fall in their profits ranging from 7-70%
Fri, Jul 22, 2022
Former SBI chairman Bhattacharya clarified that she is all for having reviews and ensuring that people who need to be changed should be changed, but added that one should be given an opportunity with the objective of continuity in mind
Wed, Jun 22, 2022
Zee Business Exclusive: Privatisation of Public Sector process may get a fillip as the government may take up the Banking Law Amendment Bill during the upcoming Monsoon Session of the Parliament. Zee Business' Tarun Sharma reports
Mon, Mar 21, 2022
CCEA had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank. The government and LIC together own more than 94 per cent equity of IDBI Bank. However, the exact quantum of stake dilution is yet to be decided
Tue, Dec 21, 2021
The PSU Banking behemoth has invested Rs 100 crore in the company via compulsorily convertible preference shares (CCPS), a JSW Cement statement said on Tuesday.
Mon, Oct 25, 2021
PSU Banks have shed some underperformance in October Series and are now in flavour. While, State Bank of India (SBI), Panjab National Bank (PNB), Canara Bank and Bank of Baroda (BoB) have been on a winning trend, analysts pick BoB as Momentum Pick for today. The 1-year returns given by this stock is almost 130 per cent as against 50.03 per cent returned by the BSE Sensex
Mon, Oct 18, 2021
SBI shares – The stock hit its 52-week high and also its target price of Rs 500 on the intraday basis. It was trading at Rs 495.35 on the NSE, up almost 1% from the last closing price. He recommends a ‘Hold’ on this stock for a fresh price target of Rs 550 and a stop loss of Rs 465. Buy on dips is also advised for investors who want to put this stock in their portfolios
Thu, Sep 23, 2021
Private lender Axis Bank was the biggest gainer, trading at Rs 812 .25. It was up trading up 3 per cent, outperforming the Nifty Bank index. Around 6 million shares were trading on the NSE
Thu, Sep 16, 2021
All the PSU bank stocks were trading in the green in this 13-stocks index. The biggest gainer was Indian Overseas Bank (IOB), which was up almost 11 per cent. Central Bank shares were up 9 per cent around this time. The other top gainers were Punjab & Sind Bank and Maharashtra Bank, which were up over 8 per cent
Tue, Jul 20, 2021
Out of 13 stocks on Nifty PSU Bank, 2 advanced while 11 declined. The gainers were Indian Bank and J&K Bank while biggest loser was Indian Overseas Bank (IOB) which fell by almost 5.5% around this time followed by Central Bank which was down 4.8%. Among the PSU Bank heavyweights, SBI was down almost 2% around this time from the last closing
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