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Markets end near two-year low on PSU banks woes

SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each. Markets ended at their lowest level since May 2014 amid a sell-off in state owned banks after they......

Why PSU stocks should not be ignored?

It is imperative to check the basics of a company before investing in it Traditionally, there was a certain queasiness among common investors when it came to investing in stocks of Public Sector......

NPA problem to continue for next 2-3 quarters, banks tell FinMin

Facing mammoth NPAs, PSU banks today said the problem of poor asset quality "may continue" for another 2-3 quarters as the Finance Ministry took stock of issues, including the alleged Rs......

Govt infuses Rs 13,955 cr capital into 8 PSU banks

Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government. Eight public sector banks, including SBI, Punjab......

Risks that PSU lenders will face from payments banks

The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday. The Reserve Bank......
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3 PSU banks slip into red

Central Bank of India, Dena Bank and Allahabad Bank have reported substantial losses for the quarter ending December 2015. While Central Bank of... ...
Sensex, Nifty hit fresh 21-month lows as stocks extend losses

The Indian stock market is trading notably lower Thursday morning, extending its losses to a fourth consecutive session, amid persisting worries... ...
Sensex plunges 223 points on weak Asian cues; metal, PSU stocks lose shine

The benchmark BSE Sensex plunged over 200 points in the morning trade on on sustained selling by funds and retail investors amid weak Asian cues.... ...
What is behind the fall and what should you do

1. The panic is global India is merely a bystander getting dragged in. And, in all likelihood, the fall isn't over. In all probability, it might... ...
Anil Manghnani

Mr Manghnani says that 7,120 is the level from which he would be interested in buying. Indian stock markets are poised for further correction... ...

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