PSU Bank Index

A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans

PSU Bank index surged 71 per cent in CY22, recording the highest-ever gain since it debut in 2011

At 11:35 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2 per cent, as against 0.06 per cent decline in the Nifty50

With today's fall, the Nifty PSU Bank index has corrected 15 per cent from its 52-week high level of 4,617.40 touched on December 15

In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.

Brokerage raises price targets for non-SBI state-owned banks

The rally in public sector banks, after their impressive September quarter performance, may soon fizzle out. Should investors turn to their private peers for better returns?

The index hit an intra-day high of 4,145.45 before ending at 4,049, up 0.05%; m-cap at close was Rs 9.9 trillion

In the past one month, the Nifty PSU Bank index has rallied 31 per cent as compared to a 2.8 per cent rise in the Nifty 50 index

In the past one month, shares of Union Bank of India zoomed 61 per cent, as against 4 per cent rise in the S&P BSE Sensex

Earnings of public sector banks was better-than-expected due to broad-based credit growth. But they are trading 25% higher than historical average. Does this make them investment-worthy at this level?

The Nifty PSU Bank index hit a fresh 52-week high on Friday and has gained 15 per cent so far this month. The index can rally another 4 per cent.

With asset quality improving, analysts see more growth

The PSU Bank index has rallied 31 per cent as against a 16 per cent surge in the benchmark from June lows; Among stocks, Bank of Baroda, Indian Bank and Union Bank of India can rally up to 16%.

Bank of Baroda, Canara Bank, and State Bank of India may see even better returns as they have also broken out of "Double Bottom" pattern

Castrol, Indian Bank, Nalco, PolicyBazaar, Tarsons Products, Tube Investments of India, TVS Motor and Union Bank of India are some of the prominent companies to announce result today.

In Q3FY22, Canara Bank's asset quality improved with its gross non-performing assets (GNPA) ratio reducing to 7.80 per cent, down from 8.42 per cent as at September 2021.

The Nifty PSU Bank index needs to cross 2,850 to indicate further strength

The Nifty PSU Bank index has crossed major hurdle of 2,750 and is ready to surge 5 per cent

In Q2, Motilal Oswal Financial Services estimates PSBs to report improved operating performance, supported by modest business growth and a gradual reduction in provisions.