PSU stocks: Shares of public sector banks (PSBs) such as State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Central Bank of India, and Bank of Maharashtra opened on a strong note Monday, after the finance ministry directed state-run lenders to explore monetising subsidiaries via IPOs or strategic stake sales in the medium…
Banking and other rate-sensitive stocks jumped on Friday, June 6 after the Reserve Bank of India (RBI) cut the repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points. This double monetary easing appreciated the Bank Nifty in intraday trading to an all-time high of 56,305, rising to…
Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank’s commentary on inflation and growth to get an idea about how long it would continue with the easing cycle…