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

IndiaFirst is supported by an extensive bancassurance network provided by Bank of Baroda and Union Bank, two of India’s biggest public sector banks.

IndiaFirst Life Insurance gets SEBI’s approval to launch its IPO

According to the technical analyst, traders can employ ‘buy-on-dips’ strategy for Nifty Private Bank, Nifty PSU Bank, and Nifty Financial Services indices

Traders can adopt ‘buy-on-dips’ strategy for Nifty Pvt Bank: Ravi Nathani

Indian Overseas Bank had the highest share of female staffers in their total staff strength at 36%

Share of women staffers in public sector banks rose this year: Govt.

The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ratio declining from the peak of 14.6 per cent in March 2018 to 5.53 per cent in December 2022, Parliament was

PSU banks’ gross NPA declines from 14.6% in Mar 2018 to 5.53% in Dec 2022

Capital adequacy ratio of PSBs improved to 14.5 per cent in December 2022

PSU banks’ gross NPA declines to 5.53%; earn total profit of ₹70,167 crore in Apr-Dec FY23

Minister of State for Finance Bhagwat K. Karad also said the NPA ratio of public sector banks has improved — declining from the peak of 14.6% in March 2018 to 5.53% in December 2022

PSU banks earned total profit of ₹70,167 crore in April-December FY23: Govt.

At 11:29 IST, the barometer index, the S&P BSE Sensex, was down 544.37 points or 0.94% to 57,445.53. The Nifty 50 index lost 168.40 points or 0.98% to 16,931.65.

Benchmarks off day’s low; Sensex down 544 pts; PSU banks slide

In a directive sent last month, the government asked the public sector banks (PSBs) to define achievable goals, and identify new initiatives and create an action plan to meet those. A number of such initiatives will be part of the Enhanced Access and Service Excellence (EASENext) reform version 6.0,…

State-run banks told to draw up 3-year road map

The Financial Services Institutions Bureau (FSIB) interviewed 11 candidates from various public sector banks (PSBs) for the forthcoming positions of MD & CEO in PSBs, the Bureau said in a statement.

FSIB recommends Ashwani Kumar as MD of UCO Bank

IFSC, GIFT City, which houses many private and public sector banks, global MNC banks, have been in operation for a long time now

Collapse of Silicon Valley Bank: An opportunity for IFSC, GIFT City?

Indian benchmark indices ended lower in the highly volatile session today with Nifty below 17000.

At close, the Sensex was down 344.29 points or 0.59% at 57,555.90, and the Nifty was down 71.10 points or 0.42% at 16,972.20. About 1508 shares advanced, 1924 shares declined, and 119 shares unchanged.

Bharti Airtel, IndusInd Bank, Reliance Industries, HUL and Nestle India were among biggest losers on the Nifty, while gainers included Adani Enterprises, Adani Ports, Asian Paints, Tata Steel and Titan Company.

Except metal, pharma, capital goods, all other sectoral indices ended in the red.

The BSE midcap and smallcap indices ended on flat note.

#marketclosingbell #sensex #nifty #cnbctv18 #businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday 

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Nifty Ends Below 17,000, Sensex Falls 344 Points, PSU Banks Drag, Metals Gain | NSE Closing Bell

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