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25 Oct 2017

Public sector bank stocks shoot up on Sensex, Nifty on Rs 2.11 lakh crore recapitalisation

Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a $32 billion plan to recapitalise its state banks over the next two years.

22 Jun 2017

Mutual fund exposure to bank stocks at record Rs 1.44 lakh crore

Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations.

24 Mar 2017

MFs' exposure to bank stocks hit record Rs 1.2 L cr in February end

Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations.

21 Nov 2016

Demonetisation impact: Nifty ends below 8000; Sensex slumps for sixth day, down 385 points

The market on Monday remained under pressure as the Sensex was down 385.10 points or 1.47 percent at 25765.14 and the Nifty down 145 points or 1.80 percent at 7929.10, erasing all 2016 gains.

10 Nov 2016

Sensex rebounds mirroring gains in Asia; banks rally

Indian shares rebounded on Thursday, mirroring gains in Asia and on Wall Street overnight, with banks rallying on hopes their coffers would swell as a government plan to withdraw larger bank notes sparks increased deposits.

19 Sep 2016

MF exposure to bank stocks hits record high of Rs 1 lakh crore

Mutual Fund managers remained bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.05 lakh crore at the end of August.

02 Mar 2016

Wall Street rises late, led by energy and bank shares

Energy and bank stocks led Wall Street higher on Wednesday.

02 Mar 2016

PSU banks rally on RBI move, shares surge to 12.5%

Shares of state-run banks soared by up to 12.5 percent Wednesday after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles.

10 Feb 2016

PSU banks hit hard by bad loans; shares plummet up to 12%

Shares of state-run lenders plunged by up to 12.4 percent Wednesday as investor sentiment was hit by mounting bad loans and disappointing earnings reported by them.

10 Feb 2015

United Bank profit at Rs 41.78 cr in Q3

State-owned United Bank of India today posted net profit of Rs 41.78 crore for its third quarter ended December 31 despite increase in bad loans.

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