QBiz: PNB Blocks 6 NPAs; Govt May Give Rs 30,000 Cr to PSU Banks

The share rallied from Rs.55 to Rs.115 during March-May 2017 and then moved in a sideways direction b/w Rs.90 & Rs.115. However, this consolidation phase of sideways movement was broken on the upside with the *stock hitting a new yearly high at Rs.121.75 with good volumes*.

Comparing First Busey (BUSE) & Orrstown Financial Services (ORRF) Stocks in Financial. Companies in the Financial sector work with money, so they include banks and credit card companies, as well as insurance companies. Because the financial sector is such a large part of the world economy, stocks in this sector tend to follow global economic trends. When the world economy is humming, finance is great.

The Reserve Bank of India (RBI) on Wednesday came out with yet another circular banning deposits of demonetised currency notes of Rs 500 and Rs 1,000, in small saving schemes including post office deposits, Public provident fund (ppf), National savings certificates (nsc), Senior Citizen Savings Scheme (SCSS), Kisan Vikas Patra (KVP) and ‘Sukanya Samriddhi’ savings scheme among others.

AFTER failing to achieve their capex targets last fiscal, three major public sector enterprises under the ministry of steel — SAIL, NMDC and RINL– hope to meet cumulative Rs 15,820-crore target set for the current fiscal.Expressing the hope of achieving their targets at a meeting with finance minister P Chidambaram recently, Steel Authority of India Limited has said its.

PSU banks NPAs Rise by Rs 1lakh cr in 9 months of FY 16. Indian Military Veterans Indian Army faces shortage of 9,106 officers.. for example, may give a household the money to get private healthcare, education, and supplies, and reduce their need for public services..

PSU banks may get Rs 70,000 crore through recap bonds this fiscal 06 November 2017 Banks report Rs17,000-cr transactions by shell companies post demonetisation

Lil’ Kim Wants Bankruptcy Case Dismissed Lil Kim wants her bankruptcy to be dismissed. The 44-year-old rapper has filed court documents explaining she has been able to get her finances in order so no longer needs any help from the court to protect her from creditors and has asked for a federal judge to dismiss the filing she made a year ago.

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Govt likely to provide Rs 30,000 crore to PSU banks in Budget 2019 PNB to sell NPAs worth over Rs 1,000 cr, six accounts put on block WeWork weighs $1.9 bn deal to take India unit

16-jun (15:12) FinMin assessing capital needs of PSU banks; Budget may make provision for Rs 30,000 crore (economic times) 16-jun (14:42) Pakistan fails to fulfil 25 of 27 FATF points, downgrading by IMF, World Bank to continue (Economic Times) 16-jun (14:42) ADB approves Rs 1,650 cr infra projects in Tripura (Prokerala)

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Higher fuel prices may give States a Rs 22,700 -cr windfall (12th September, 2018 ). Capital infusion in PSU banks soon, says govt (20 July, 2017) India’s growth prospects improve on reforms: IMF. Only 4% NPAs in Mudra loans (29th May, 2018 ) The hits and misses of the NDA government.