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Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.
Get information on the NIFTY PSU BANK Spot, Futures and Options. Future contracts, charts, technical analysis, compare performance with other indices/stocks and more.
Feb 12, 2023 · Public sector banks (PSBs) have logged a robust profit growth of 65 per cent to Rs 29,175 crore during the third quarter ended December 2022, with Bank of Maharashtra (BoM) emerging as the top performer in terms of percentage growth in profit.
Apr 1, 2024 · P ublic sector banks in India, often referred to as the government banks of India, occupy a pivotal role in India's financial landscape, exerting a profound influence on its economic...
Jun 13, 2024 · PSU bank stocks in India refer to public sector banks, which are government-owned financial institutions. These banks, such as State Bank of India (SBI) and Punjab National Bank (PNB), are known for stability but often face challenges like non-performing assets.
Mar 31, 2020 · These banks will be amalgamated to four mega PSU banks will come into effect tomorrow, i.e., April 1. Banks getting merged. In a merger, there is an anchor bank and an amalgamating bank or banks, where the latter gets merged with the former.
Oct 6, 2023 · Two Bank Nifty heavyweights - ICICI Bank and HDFC Bank - are not present in the PSU bank index. While Bank Nifty staged a smart recovery from yesterday’s losses to gain almost one percent...
Public Sector Undertaking Banks or PSU Banks are government owned banks in India, where more than 50% of the stake is held by the Union Ministry of Finance or State Ministry of Finance of...
Feb 20, 2023 · Public sector banks (PSBs) have logged a robust profit growth of 65 per cent to Rs 29,175 crore during the third quarter ended December 2022, with Bank of Maharashtra (BoM) emerging as the top performer in terms of percentage growth in profit. Capital adequacy.
Oct 21, 2021 · The government, in Budget 2021-22, made an allocation of ₹20,000 crore for capital infusion in the state-owned banks. The capital position of banks would be reviewed in the next quarter, and ...
