Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Aviva Plc’s India life insurance joint venture is raising its exposure to the country’s state-run banks as it bets the government’s $32 billion plan to rescue lenders burdened with record bad loans will boost their prospects. The insurer also likes...
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Finance ministry may provide capital support for merger of PSU banks

Finance ministry may provide capital support for merger of PSU banks

The finance ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans, official sources said. The Union cabinet has approved the setting up of an alternative mechanism, or a...
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Sensex Down Over 100 Points, Nifty Below 9,550; PSU Banks Weigh

Sensex Down Over 100 Points, Nifty Below 9,550; PSU Banks Weigh

The Sensex fell over 100 points and Nifty was trading below its important psychological level of 9,550 as PSU banking shares came under heavy selling pressure after a report suggested that the strong steps taken by Reserve Bank to resolve...
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SBI Is Most-Valued PSU Firm Again, Beats ONGC

SBI Is Most-Valued PSU Firm Again, Beats ONGC

New Delhi: State Bank of India on Thursday yet again surpassed energy behemoth ONGC to become the country’s most-valued PSU by market valuation. In the past few days, a game of musical chair was being played out between SBI and...
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Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to...
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select PSU stocks jump Amid Buzz Of Buyback statement

select PSU stocks jump Amid Buzz Of Buyback statement

choose PSU shares rallied these days amid buzz that these businesses ought to soon announce buyback gives. MMTC surged 15 in line with cent to Rs forty four.80, kingdom buying and selling agency of India rose 12 per cent to...
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