Wed, Aug 28, 2024
Bank of Baroda Share Price NSE, BSE: The PSU Bank stock has given a multibagger return of 236 per cent in three years and a 95 per cent return in two years.
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Thu, Aug 15, 2024
The Karnataka government ordered all its departments, boards, corporations, public sector units and universities to withdraw all their deposits and investments in the State Bank of India and the Punjab National Bank and stop any business with these institutions on August 12. The order was reported on August 14.
Tue, Jul 30, 2024
Minimum Balance Rules at PSU Banks: Do you know how much money you pay in charges and fees for failure to maintain the required balance in your savings account at a public sector (PSU) bank? The government recently shared some interesting details about the recent trends in the penalties, covering a wire range of aspects. Here is a summary of the response submitted in the Lok Sabha - the lower house of Parliament - in response to questions raised by some members about the penalties that PSU banks impose on customers failing to maintain the Average Monthly Balance (AMB) in their savings accounts.
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
Thu, Jul 15, 2021
Out of the 13 stocks in the index, 4 advanced while 9 were on the decline. The biggest gainer was J&K Bank while the biggest loser was Maharashtra Bank. Among the PSU Bank heavyweights, SBI was marginally up around this time from the last closing. Punjab National Bank (PNB), Canara Bank, and Bank of Baroda (BoB) were trading with negative bias
Mon, Jul 12, 2021
Banking stocks were trading in the green on Monday. While the private Banks on Nifty Bank index were trading up, their state-run peers were also trading in a positive territory. At 12:25 pm, Nifty PSU Bank was trading at 2,489.15, up almost 0.8 per cent from the previous closing on Friday
Tue, Jun 22, 2021
Banking stocks were trading in the green. While the private Banks on the Nifty Bank index were trading up, their state-run peers were also trading in positive territory. At 11:50 am, Nifty PSU Bank was trading at 2,517.35, up almost 1.6 per cent from the previous closing on Monday
Indian Overseas Bank Share Price - Indian Overseas Bank shares (IOB shares) today hit their 52-week high on the intraday basis and were trading at Rs 25.70 on the NSE, up by almost 9 per cent at 11:05 am. The IOB shares hit 20 per cent circuit on Monday. The rally has been on the back of the privatisation news doing the rounds, Technical Analyst Nilesh Jain
Mon, Jun 07, 2021
In its bid to privatise two state-run banks as unveiled by Finance Minister Nirmala Sitharaman in her Union Budget speech 2021, the Narendra Modi government may soon finalise plans to sell Centre's stake in Central Bank of India and Indian Overseas Bank (IOB). This is part of Government’s mega privatisation initiative which also include sale of other state-run companies like BPCL
Mon, May 31, 2021
The domestic benchmarks were trading with gains of more than a half per cent in Monday’s noon deals. At 12:50 pm, S&P BSE Sensex was trading 463.83 points or 0.90% higher at 51,886.71. The Nifty 50 index was trading 128.90 points or 0.84% higher at a fresh lifetime high of 15,564.55. Meanwhile, certain stocks were in action in either direction based on reports linked to them
Wed, May 26, 2021
Nilesh Jain said that the SBI shares are doing well on the technical charts and reflect strong growth. As previously mentioned by this analyst this stock broke a 10-year-long consolidation recently to make a lifetime high of Rs 427.70 in February this year and later fizzled out. But the momentum is back now, and he sees a target of Rs 475 on the positional term basis
Mon, May 24, 2021
Banking stocks will likely lead the bull run in the markets, Nilesh Jain, Assistant Vice President, Equity Research Technical and Derivatives at Centrum Broking said. The PSU banks will participate in the market rally and Nifty PSU Bank index heavyweight State Bank of India (SBI) will lead the rally among its state-run peers, this technical analyst said
Fri, Mar 12, 2021
Bank Holidays in March 2021: Banks are set to remain closed on certain days. If you are planning a bank visit , then you must know about this. We will also give you the entire list of holidays in the month of March 2021. See here in detail
Mon, Oct 12, 2020
Five out of 12 public sector banks are trading near the face value of their equity shares on bourses regardless of a rally in stock benchmark indices, according to an analysis
Fri, Sep 25, 2020
The finance ministry on Friday said that public sector banks (PSBs) have on-boarded about one crore customers on digital payment modes in just one month of the launch of 'Digital Apnayen' campaign
Wed, Aug 05, 2020
Neeraj Vyas, MD & CEO, PNB Housing Finance, talks about the strategy that the firm will adopt to mitigate the impact of COVID on its business, liquidity situation, NPA levels, PNB’s plan to invest in the firm and plans related to create a digital platform among others during an interview with Zee Business Executive Editor Swati Khandelwal
Mon, Jun 22, 2020
Good news for all investors and traders! Indian markets are all set for some great action and they may even see Nifty cross the 11000 mark by mid-July as against the earlier expectations at the end of July, Sanjiv Bhasin, analyst and Director at IIFL told Zee Business Managing Editor Anil Singhvi
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