Public Sector Stocks

PSU stocks: Govt Goldmine: PSU stocks still partying hard on D-Street

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PSU stocks: Govt Goldmine: PSU stocks still partying hard on D-Street

Mumbai : The renewed momentum in public sector stocks after the election results on June 4 have resulted in these entities adding nearly ₹12 lakh crore in market capitalisation in little over a month. So far in 2024, these stocks have gained nearly ₹22.5 lakh crore in market value, with the spike in the prices … Read more

RBI: Worries build up over RBI strictures on infra financing

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RBI: Worries build up over RBI strictures on infra financing

Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India’s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more