Current price is close to the real time NAV

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Expense Ratio

ETF has not been able to closely match its benchmark returns

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ETF has been generating better price return than bank FD

Return vs FD Rates

Not a good time to invest, ETF is in overbought zone

Entry Point

Mayuresh Joshi from Marketsmith India discusses the current performance of IT stocks and advises on key stocks like Infosys and Persistent. He also recommends Adani Ports due to its promising outlook. Joshi highlights PSU banks’ potential, especially Bank of Baroda. Additionally, rural and infra stocks like Swaraj Engines and Azad Engineering are mentioned as promising investments.

What to expect from IT sector? Is the storm over for Adani stocks? Mayuresh Joshi answers

The Department of Financial Services (DFS) in the Finance Ministry has directed State Bank of India and other public sector banks (PSBs) to revamp their transfer policies for the employees following a surge in complaints regarding their implementation.

FinMin pushes banks to revamp transfer policies for greater transparency

Dipan Mehta advises against fresh investments in ABB, Hitachi, and Siemens due to their recent stock rallies. He suggests holding existing investments. He recommends increasing exposure to PSU banks, defence, and engineering companies during the current market correction, highlighting Hindustan Aeronautics and Bharat Defence as top defence picks and SBI among PSU banks.

Don’t make fresh investment in ABB, Hitachi, or Siemens now; buy PSU stocks: Dipan Mehta

The data also showed that while public sector banks were a bit slow in mobilising deposits compared to their private sector peers during the quarter, they were ahead in lending.

Banks’ share of high-cost deposits rises in Q2

Financial Services Secretary announces public sector banks launching new products to enhance credit growth and financial inclusion.

PSU banks to launch new products in 3-4 months to ramp up credit growth: Banking Secy

The department of financial services in a letter to all PSBs said the transfer policy has been reviewed with an aim to promote greater transparency and ensure formulation of a uniform and non-discretionary policy.

Finance Ministry suggests PSU banks to update transfer policy

Indian banks saw a rise in high-cost deposits in the September quarter. This may squeeze profit margins. Public sector banks lent more but gathered fewer deposits than private banks. Term deposits grew faster than savings accounts. Loans to private companies and working capital loans also increased. The share of loans to women borrowers continued to rise.

High cost deposits up to 69 percent in September

Public sector banks are going to launch new products in the next 3-4 months to push credit for all sectors, including MSME

PSU Banks To Launch New Products In 3-4 Months To Ramp Up Credit Growth: Top Official - News18

Banking sector is now in very vibrant health, but their valuations remain lower than the private sector, Nagaraju Maddirala said.

New Credit Products By PSU Banks To Come Out In Three-Four Months, Says Banking Secretary

Financial Services Secretary M Nagaraju announced public sector banks will launch new products in the coming months to boost credit growth, particularly for MSMEs. He acknowledged the risk of rising digital fraud while emphasizing the government’s commitment to financial inclusion through collaboration with the fintech industry. Nabard Chairman Shaji KV highlighted the need for equitable technological transformation in rural banking.

PSU banks to launch new products in 3-4 months to ramp up credit growth: Banking Secretary

The Adani Group may need to reduce investments due to limited access to global capital markets. Domestic banks may also hesitate to provide new loans. The group has a substantial debt, but lenders believe they have sufficient cash reserves for repayment. Public sector banks and financial institutions hold a significant portion of the group’s debt.

Adani US Indictment: There’s enough cash to cover 30 months of debt payments

NIPPON INDIA ETF PSU Bank BeES objective is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX PSU Bank Index