Adani connection? Nifty PSU Bank index jumps 5%
The rally in PSU Bank index was led by index heavyweights such as Union Bank of India, State Bank of India, Bank of Baroda, Punjab National Bank, which rose up to 7%.
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Banks' risks from Adani exposure are limited but can increase if loans rise: Moody's
Domestic banks may become the main source of funding for the group, resulting in increases in banks' exposures to Adani, says Moody's.
Moody's upgrades ratings of 3 PSU banks
The upgrade reflects an improvement in India's macro profile to "Moderate+" from "Moderate", says Moody's.
Why PSU bank stocks are up despite weak market
Bank of Baroda, Bank of India, and Punjab & Sind Bank hit their respective 52-week highs after Morgan Stanley expressed optimism about public sector banks.
Big bang privatisation of PSBs may do more harm than good: RBI
An important aspect that is often ignored by researchers proposing privatisation is the role played by PSBs in financial inclusion, says RBI.
Budget 2022: ₹1.37 lakh crore MSME loans stressed, restructured
Public sector banks have exposure of ₹58,524 crore to stressed enterprises.
Does banking need a more humane touch?
In India, financial services are still plagued with multiple challenges. A resurgent India needs greater innovation in banking, especially in customer management and retention.
Delinquencies across retail loans increase: CIBIL
The increase in delinquency rates was not uniform; It was most pronounced for loans against property, home loans, and credit cards. Overall delinquencies improved for auto loans.
‘Foreign investors more positive on India now’
Mark Matthews, head of research (Asia) at Julius Baer, says there are no signs of a pickup in the Indian economy yet, but a ‘trickle through’ is likely in a quarter or so.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
