PSU equity funds offer 27% returns in 3 months. Should you invest?
PSU equity mutual funds, that invest primarily in public sector undertakings, have turned around to give astounding returns in three months.
ETMGS 2021: Bad loan fear overblown, PSU banks may only need hand-holding, says KV Kamath
K V Kamath said despite their inefficiencies and de...
Market Movers: Tyre, PSU banks stocks rally; 27 stocks give buy signal
The gains in the market were broad-based with the Nifty Smallcap 100 a...
Time to buy SBI instead of HDFC Bank? Here's why
I would want to be underweight on private sector financials which are overvalued. I am positioned more towards SBI, says Sanjay Dutt.
Sell Punjab National Bank, target price Rs 31: Kotak Securities
Punjab National Bank, incorporated in the year 1969, is a banking company (having a market cap of Rs 37667.27 Crore).
Best banking & PSU debt funds to invest in 2021
Experts believe that, given the uncertainty around rates and liquidity, the outlook for banking & PSU funds continues to be positive.
Stock market update: Nifty PSU Bank index gains over 2%; Canara Bank jumps 5%
The index was trading 2.15 per cent up at 1841.25.
RBI raises concern over zero-coupon bond for PSU bank recapitalisation
The government resorted to recapitalisation bonds with a coupon rate for capital infusion into state-run banks during 2017-18 and interest payment to banks for holding such bonds started from the next financial year.
Indian banking's digital drive is looking increasingly bright for banking correspondents
Thanks to their role in taking banking and financial services to the last mile, several ecommerce players are interested in tapping them to make inroads into the hinterland. Top players such as Amazon and Flipkart are trying to use the vast BC network to widen the reach of goods sold on their respective platforms. Telecom and tourism players are also exploring ways to use them to reach a wider audience pool.
Trust Group enters mutual fund business with Banking & PSU Debt Fund
Debt arranger Trust Group has started a mutual fund that would be launching a banking and PSU debt fund.
CAG writes to Finmin, seeks performance audit details of PSU banks recapitalisation
CAG is doing performance audit on recapitalisation of PSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry of Finance, seeking various information, including rationale for distribution of capital among different PSBs, sources said.
Break-even year for bleeding PSU banks
Given this setting, it may seem highly incongruous to expect NPAs in Indian banks to bottom out in the fourth quarter of 2020-21. Yet, this is what is likely to happen. It now appears that not only have banks dodged an explosion of bad loans, but they also solved some historical problems.
Asset management firm in the works to tackle bad loans of PSU banks
The proposed AMC will work on a fee-based model. It will collate bad debt across banks and reach out to institutional investors, including distressed funds. Once the AMC secures funding for the collated asset, it will engage with ARCs to turn around the asset.
Is it time to take a relook at PSU bank stocks?
‘From a valuation perspective, a lot of value is there in some of these stocks’
Be cautious on IT in short term, positive on PSU banks
Next six to 12 months look very positive for PSU banks, says Dipan Mehta.