Adani effect? PSU bank stocks fall up to 7%; SBI, PNB, BoB lead
Indian banks and NBFCs have given over ₹88,000 cr in loans to the Adani Group, with three big PSBs (SBI, PNB, Bank of Baroda) having exposure of nearly ₹40,000 cr.
Indian banks and NBFCs have given over ₹88,000 cr in loans to the Adani Group, with three big PSBs (SBI, PNB, Bank of Baroda) having exposure of nearly ₹40,000 cr.
Fast loan growth and sharp decline in bad loans help the bank grow profits by 129% CAGR over three years.
The issue received an overwhelming response from investors with a total of 105 bids amounting to ₹14,215 crore against the total issue size of ₹5,000 crore.
The Fortune India-Grant Thornton Bharat study of India’s Best Financiers incorporates India’s best banks and NBFCs.
BoB says it has adequate factual and legal grounds to reasonably substantiate its position in the matter, and expects the entire demand to subside
The weakness in PSU banks was in sync with the broader market as investors booked some profit ahead of the general election results due on June 4.
PSU lender's net interest income grew 2.3% YoY to ₹11,793 crore in Q4 while for full fiscal NII stood at ₹44,722 cr
Following the lifting of restrictions, BoB will resume onboarding new customers through the BoB World app.
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
The market cap of PNB crossed ₹1.01 lakh crore today after the shares of the PSU lender rose 2.1% to hit a fresh 52-week high of ₹91.81 intraday.