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Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges.
Nov 5, 2022 · In Q1FY23 PSU banks increased their loan market share to 58.6% up 60 basis points. Improving asset quality, pick-up in loan growth, better capital adequacy, and lower provisions are expected to aid the return ratios of PSU banks. The market has already started discounting these positives which have resulted in an improvement in PSU bank’s ...
- Jimeet Modi
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May 22, 2023 · Indian PSU banks have yet again delivered another stellar quarter of earnings in the fourth quarter, with asset quality improvements. India’s largest lender State Bank of India posted its third ...
- Rounak Jain
Aug 11, 2023 · There is a significant improvement in the Central Bank of India’s GNPA and NNPA, decreasing from 14.84% to 8.44% and 3.97% to 1.77%, respectively. Looking at the Price-to-Book Value ratio of these banks, shares of the Bank of India are trading at just 0.59 times its book value, whereas the highest in this list is Indian Overseas Bank (IOB ...
Feb 19, 2024 · Private sector banks were supposed to be better run and more efficient. Then why is the market chasing PSU banks instead? Because investors were buying private sector bank stocks for a long time ...
Public Sector Undertakings (PSU) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or joint ventures between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly ...
Aug 30, 2019 · Post the mega merger, here are the six PSU banks that will remain independent: Indian Overseas Bank, Uco Bank, Bank of Maharashtra and Punjab and Sind Bank, which have strong regional focus, will ...
