Nifty PSU Bank extends rally for 6th session; SBI, UCO Bank, BoB surge up to 4%
The Nifty PSU Bank hit a fresh all-time high of 6,438.10 points today, with all 12 constituents flashing in the green zone.
The Nifty PSU Bank hit a fresh all-time high of 6,438.10 points today, with all 12 constituents flashing in the green zone.
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
Men directors have been replaced with women directors on boards of 4 out of 7 public sector banks.
Banking system needs more stringent stressed asset management norms and tighter regulatory oversight, rather than ‘compromise settlements' with willful defaulters causing the stress
Frauds in public sector banks were mainly in loan portfolios
State Bank of India has the maximum unclaimed deposits of ₹8,086 crore in 2.17 crore accounts.
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.
A discussion was held with the MDs and CEOs of PSBs on the global scenario comprising the failure of Silicon Valley Bank and Signature Bank.
The number of financial frauds rose to 5,406 in the first six months of the financial year 2022-23 compared with 4,069 in the corresponding period a year ago.
The public sector bank has turned into a multibagger stock and has risen from ₹20.8 to ₹40.9 in just nine sessions, delivering 97% return during this period.