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

Nippon India Nifty PSU Bank Bees ETF

Kotak PSU Bank ETF objective is to provide returns that closely correspond to the total returns of CNX PSU Bank Index, subject to tracking errors

Kotak Nifty PSU Bank ETF

In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan.

Bank employee associations plns to fight against government plan to privatise public sector banks

The strike has been called to protest against the Centre’s plan to privatise public sector banks

Two-day bank strike from December 16

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

Bank unions threaten two-day nationwide strike against proposed PSB privatisation

In the budget speech of 2021, Union Finance Minister Nirmala Sitharaman had said that two public sector banks will be privatised during the current fiscal

Privatisation of PSBs: Two-day bank strike from December 16

Weighted average lending rates for outstanding rupee loans of commercial banks fell 96 basis points- bps (one basis point is 0.01 per cent) between March 2020 and October 21, data released by the RBI indicates.

Private sector banks lower lending rates more than PSU Banks during the pandemic

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

Despite privatisation of PSU banks, low-cost banking needs digital approach

Quick Wrap: Nifty PSU Bank Index records a surge of 2.66%, NIFTY climbs 1.08%

Nifty ends the day 1.08% higher at Rs 17,166.90
Nifty Bank up over 650 points (~2%). IndusInd Bank, RBL top the chart
Nifty Pharma, Healthcare & Consumer Durables end the day in the red
PSU Banks charged up. Union Bank up 6.16%, Canara Bank up 4%
Metal stocks shine: JSW Steel up ~5%, NMDC & Hindustan Copper up over 3% each
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Nifty ends the day 1.08% higher at Rs 17,166.90 | Market Wrap

Bank Holidays in December, 2021: All private and public sector banks will remain closed for up to 12 days in December, including Christmas. Check bank holidays 2021, Bank holidays in december, bank news on news18.com

Bank Holidays in December 2021: Banks to Be Shut for 12 Days this Month. Know Dates

Usage under the Jan Dhan scheme and push by the government for PSU banks to use RuPay have led to a jump in its market share. However, RuPay continues to lag in the credit card market and forms a small share of the volume and value of card transactions in India.

Why Has RuPay Rattled Visa And MasterCard?

Broader markets ended mixed on another volatile day of trade. The BSE midcap index was up 0.4 percent and the smallcap index closed 0.2 percent lower

Taking Stock | Market Ends Flat Amid Volatility; Metal, PSU Banks Drag

The NIFTY PSU Bank Index is designed to reflect the performance of the public sector banks. The rescheduling of index constituents happens bi-annually every year.

Nifty PSU Bank Index