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 ETF PSU Bank BeES

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 PSU Bank ETF

Modi government may have exposed India’s financial system to systemic risks through the liberal investments in the Adani Group made by strategic state entities like LIC, SBI and other public sector banks, says Congress leader Jairam Ramesh

Congress demands RBI, SEBI probe into allegations against Adani Group

Among sectors, the Nifty PSU bank index added 1.5 percent, IT a percent and the energy index closed 0.6 percent higher.

Taking Stock | Sensex down 168 points, Nifty below 17,900; IT, PSU banks gain

CLSA said bank funding to the Adani group has not materially increased in the past few years, even as debt of top five Adani companies has increased from Rs 1 lakh crore to Rs 2 lakh crore over the past three to four years.

Adani group debt: Here’s total exposure of PSU banks, private lenders in top 5 Adani firms

CLSA assessed that the exposure of public sector banks has not increased in the past three years

Exposure of Indian banks to overall Adani group debt has reduced materially: CLSA

Sector-wise, Nifty PSU Bank fell 3.58% and Nifty Financial Services declined 2.54%. Nifty Oil & Gas and Nifty Realty also fell nearly 2%. Whereas, in the broader market, Nifty Midcap50 declined 1.48% and Smallcap50 fell 1.16%.
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Market Update: What Happened On Wednesday? Nifty Falls | Adani Group Erases M-Cap | ET Now

Green bond: PSU banks, insurers show firm demand at sale, traders say; FPIs may have picked up at least Rs 700 cr of the Rs 8,000 cr on offer

First ever sovereign green bond auction lapped up at lower-than-mkt yields

Quick Wrap: Nifty PSU Bank Index registers a drop of 3.58%, NIFTY Crashes 1.25%

All sectors are trading in the red with financials taking the biggest hit. Nifty PSU Bank tanked over 3 percent and Nifty Bank fell over 2 percent

FII selling, Budget 2023, growth fears & more: Here’s why Sensex crashed

“Public sector banks have seen a sharp re-rating as the asset quality environment improved, they were helped by better liquidity and falling credit costs; however, we think the asset quality cycle basis re-rating is largely done in the sector and the focus will now shift back to the ability of indiv…

Public sector banks will continue to lag private peers in deposits: Analysts

Vivek Joshi, Secretary DFS had met heads of public sector banks and urged them to achieve targets under various schemes for current financial year.

FinMin meets pvt sector bankers; reviews progress of financial inclusion schemes

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.

Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year

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