"psu-banks"

Indian equities rose modestly Friday, with Sensex and Nifty higher amid easing crude prices and strong earnings. IT stocks led gains, while FMCG remained flat. Asian markets surged, Wall Street closed positive, and Brent crude slipped below $92 per barrel

Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu laid the foundation stone for offices of 15 public sector banks and insurance companies in Amaravati. The Rs 1,328-crore projects are expected to create 6,541 jobs and boost the capital’s development

Unwinding policy of nationalisation in haste can negate the benefits that PSU banks have provided

It was followed by Punjab & Sind Bank which posted 8.39 per cent growth in advances with aggregate loans at Rs 67,811 crore at the end of March 2021.

Fitch believes that political support in favour of legislative changes to the Act, which are required in order to go through with the sale, could be a significant hurdle for the government.

Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.

Taming cognitive biases in lending will help significantly reduce decision errors and thus NPA incidence

However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.

An ICICI Securities report said that although the Nifty50 is down around 2 per cent from its recent peak, there is no sign of any sharp increase in risk aversion.

This list would focus on profit making entities operating in non-core areas that could help the government realise better valuations and good investor interest.

These Acts led to nationalisation of banks in two phases and provisions of these laws have to be changed for privatisation of banks, they said

Unveiling the PSE policy in Budget 2021-22, Finance Minister Nirmala Sitharaman said barring four strategic areas, public sector companies in other sectors will be divested.

Creation of actuarial credit risk reserve instead of a bad bank is a more feasible option