Page 4 - Psu

PSU bank stocks gain on RBI's move on stressed assets

The scrip of Punjab National Bank surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on BSE

Less PSU dividends in FY16?

Performance of many in first 9 months was muted; even with govt stipulation, payouts may not rise

Govt may liquidate some loss-making PSUs this fiscal

As per the latest government report, there are 77 loss- making PSUs at the end of March last year with a total aggregate loss of Rs 27,360 cr

Govt to infuse Rs 5,050 crore in state-run banks soon

It will be part of the Rs 25,000 crore capital infusion plan earmarked for the current fiscal

Centre plans to divest stakes in sick PSUs

Geete said his ministry was in talks with the two state governments to take over operations at the Palakkad and Kota units of IL