Latest Updates Around The World
Foreign institutional investors (FIIs) are piling into India’s public sector banks after a blistering rally added Rs 4.5 lakh crore in market capitalization over the past year, with FIIs raising stakes in 10 of the 12 PSU lenders in the December quarter as improving fundamentals and attractive valuations bring about a major change in investor […]
Indian Overseas Bank (IOB) and Punjab & Sind Bank have announced plans to raise Rs 4,000 crore and Rs 3,000 crore respectively by selling shares to institutional investors this quarter.IOB Managing Director Ajay Kumar Srivastava said on Wednesday that the bank has received all required approvals for the qualified institutional placement and is now in […]
The government on Wednesday decided to exercise the green shoe option to offload a higher 3 percent stake in Indian Overseas Bank through an offer for sale, following overwhelming response from investors on the first day of subscription.Indian Overseas Bank’s (IOB) OFS opened for subscription to non-retail investors on Wednesday at a floor price of […]
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 […]
MUMBAI: Shares of PSU Bank fell over 5% on Wednesday after the finance ministry clarified that it is not considering any proposal to increase the foreign direct investment (FDI) limit in state-run lenders from 20% to 49%, Our Bureau reports. Analysts said valuations may not be cheap after the recent surge and further profit bookings […]
With the oversubscription of the offer-for-sale (OFS) of the State Bank of Maharashtra, the government is expected to realize about Rs 2,492 crore by diluting its 6 per cent stake in the bank.The allotment of shares would give the Pune-based lender a Minimum Public Shareholding policy that complies with Sebi norms. Bank of Maharashtra’s OFS […]
The government on Tuesday decided to exercise the green shoe option with the clear intention of offloading 6 percent stake in Bank of Maharashtra (BoM) through an offer for sale, following overwhelming response from investors on the first day of subscription. BoM’s OFS opened for subscription to non-retail investors earlier on Tuesday at a floor […]
The government has decided to divest a stake of up to 6 percent in state-owned Bank of Maharashtra through a sale offer effective Tuesday. At the current market price, the government could raise about Rs 2,600 crore by divesting up to 6 percent stake in the bank. “The Bank of Maharashtra (BOM) offer for sale […]
