PSU banks

PSU Banks Tumble Today: Bank of Baroda down 4.9%, Bank of India down 3.5%, Union Bank down 6.7%

PSU banks surge upto 20% in trade; PM Modi says people’s confidence improving in PSUs

PM Modi said that people’s confidence is rapidly improving in PSU companies in his address in Rajya Sabha today.

Stock Market Update: Nifty PSU Bank index falls by 1.11% amid fears of Omicron

Moreover, the banking index, Nifty PSU Bank took a hit too and is also trading below Rs 2,508.

Govt may postpone privatization of two PSU banks to next year

The plan to privatize the banks was postponed as the government is yet to seek parliament’s approval for changes in laws required to start the transaction.

Canara Bank rises on raising Rs 1,635 cr through tier-I bonds

SBI, Bank of Baroda likely to be awarded ‘Ratna’ title, Nifty PSU Bank Index surges

The Nifty PSU Bank index surged 4% on Wednesday. The main cause of the sudden surge is the government consideration of extending the 'ratna' title to state owned lenders like State Bank of India (SBI) and Bank of Baroda.