Latest Updates Around The World
Public sector banks have emerged as the standouts in 2025, with the Nifty PSU Bank Index rising over 26%, significantly better than the Nifty50, which gained just 9.5% in the same period. Even the broader Nifty Bank Index, which includes both public and private sector lenders, lagged behind with a rise of 16%, highlighting the […]
Bank of Baroda (BoB) says the Baroda Repo Based Lending Rate (BRLLR) will drop to 7.90% from the existing 8.15%. | Photo credit: ANUSHREE FADNAVIS Hours after the RBI cut the key policy rate, state-owned lenders Bank of Baroda (BoB) and Bank of India on Friday announced a 25 basis point rate cut on loans […]
Precision engineering company Aequs Limited on Tuesday raised Rs 414 crore from 33 anchor investors ahead of its initial public offering (IPO), which opens for bids on Wednesday, December 3. The company has allotted nearly 3.34 crore shares at the highest price band of Rs 124 per share to major investors including Blackrock and Mukul […]
Vidya Wires, maker of winding and conductivity products, on Tuesday said it has raised Rs 90 crore from major investors, ahead of opening its IPO for public subscription.Bandhan Mutual Fund (MF), LIC MF, Bank of India MF, Maybank Securities, Alchemy Emerging Leaders of Tomorrow Series 2 and MAIQ Growth Scheme are the anchor investors to […]
The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to disclosures on Tuesday. The appointments have been made for a period of three years. At Union Bank of India, Amresh Prasad, who was Chief General Manager at Punjab National Bank, has been […]
India’s state-owned banks are in turmoil. The Nifty PSU Bank index rose as much as 2% on Monday, extending one-week gains to nearly 7%, as foreign investors, policy buzz and improving balance sheets fueled a rally that has gripped the public sector banking sector. The index closed lower in just one session last week, with […]
Foreign institutional investors (FIIs) have quietly increased their stakes in most state-owned lenders in the September 2025 quarter, signaling renewed confidence in India’s public banking sector. The incremental purchases, spread across almost every major PSU bank from Bank of Baroda to State Bank of India, come as the Nifty PSU Bank index rose nearly 9% […]
On Tuesday, the benchmark Sensex fell by around 150 points to settle at 84,628. Despite broader market weakness, six stocks from the BSE PSU Bank Index hit their highest levels in 52 weeks, hitting their highest levels in the past year. Traders and investors often view such breakouts as bullish signals, indicating strong upward momentum […]
Lenders will be provided with a glide path (until March 31, 2031) to mitigate the one-off impact of any higher provisioning on their existing portfolio Incremental provisioning that the Bank of India (BoI) may have to make to meet the RBI’s proposed provisioning norms based on expected credit losses (ECL) could have an impact of […]
The technology sector continued to dominate market discussions this week, while investors are bracing a flurry of updates from TOP -T companies. TCS starts the profit calendar, followed by management commentary and subsequent market reactions later in the week. Speaking with et now, Pankaj Pandey, main research, icicidirect.com emphasized that the IT index saw a […]
