Latest Updates Around The World
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 […]
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% […]
