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Some PSU banks are dead ducks: Modi has to rethink his aversion to the P-word

Aug 22, 2015

Some PSU banks are dead ducks: Modi has to rethink his aversion to the P-word

Competition is set to intensify for public sector banks, and some of them will be dead ducks unless the Modi government either privatises or downsizes them to become narrow banks #Narendra Modi #SBI #NPAs #PSU banks #bad loans #Privitisation #Payment Banks
It is a big deal. Why payment banks will change the banking game for you and me

Aug 20, 2015

It is a big deal. Why payment banks will change the banking game for you and me

When the big boys - from Reliance to Birlas to Mahindras to the big telcos like Airtel and Vodafone - enter the picture, surely it is a big deal. Yes, payment banking will revolutionise Indian banking #RBI #Vodafone #ICICI Bank #SBI #Reliance #Axis Bank #HDFC Bank #Raghuram Rajan #Airtel #PSU banks #Jan Dhan #Small banks #Payment Banks
Sensex takes 189 pts plunge on weak Asia, sliding rupee; PSU banks put up strong show

Aug 17, 2015

Sensex takes 189 pts plunge on weak Asia, sliding rupee; PSU banks put up strong show

Despite the sharp slide, market breadth ended marginally higher with 1,440 stocks advancing against 1,425 declines on BSE. #Sensex #S&P #nifty #BSE #MarketClose #PSU banks #Bank Recapitalisation #CNX #Asian gauges #mid-cap shares #Chinese indices
Amid weak China, Sensex tumbles over 300 pts early Mon; PSU bank shares buck trend

Aug 17, 2015

Amid weak China, Sensex tumbles over 300 pts early Mon; PSU bank shares buck trend

Market breadth exhibited weakness with 1,063 stocks declining against 913 advances on BSE #Sensex #S&P #nifty #BSE #PSU banks #CNX #Chinese markets
Canara Bank shares shed 2% after disappointing Q1 earnings

Aug 05, 2015

Canara Bank shares shed 2% after disappointing Q1 earnings

Over 7 lakh shares changed hands on BSE so far as against two-week average volume of 2.50 lakh shares #BSE #Canara Bank #NPA #PSU banks #June Quarter #provisions
Public bank shares rise up to 6% on hopes govt will infuse more funds

Jul 01, 2015

Public bank shares rise up to 6% on hopes govt will infuse more funds

PSU banking shares rise over 4-5 percent as against 1.2 percent upmove in BSE Bankex #PSU banks #bad loans #BSE Bankex #Jayant Sinha #minister of finance
CAG raps Delhi govt for discrepancies worth Rs 905 cr; not obtaining fund proof

Jul 01, 2015

CAG raps Delhi govt for discrepancies worth Rs 905 cr; not obtaining fund proof

Government auditor CAG on Tuesday pointed out discrepancies in implementation of social welfare schemes including mid-day meal (MDM) and pulled up the Delhi government for its failure to obtain fund utilisation certificates from various institutions. #India #CAG #Delhi #NewsTracker #Mid-day Meal Scheme #Delhi government #PSU #Delhi Tourism and Transport Development Corporation
UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

Jun 23, 2015

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken. #Economy #Pranab Mukherjee #P. Chidambaram #Kingfisher Airlines #InMyOpinion #Arun Jaitley #Vijay Mallya #PSU banks #bad loans #recapitalisation #Jan Dhan Yojana #Toxic Banks #TARP
Govt to go ahead with PSU disinvestment as planned, says Jaitley

Jun 04, 2015

Govt to go ahead with PSU disinvestment as planned, says Jaitley

The cabinet has approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC. #Economy #Sensex #Disinvestment #RBI #NewsTracker #NTPC #ONGC #BSE #Arun Jaitley #BHEL #Nalco #Monsoon #PSU