Rs 25000 crore for PSU NPAs: Is this sufficient?
DSIJ Intelligence / 29 Feb 2016
State Bank of India (SBI) increased by around 4.86 per cent and touched day’s high at Rs 163.9.
State Bank of India (SBI) increased by around 4.86 per cent and touched day’s high at Rs 163.9. There was a hope for capital infusion plan from FM. After announcement of banking capitalization plan of Rs 25000 crore for PSU banks, SBI has gone into red on bourses; and is trading at Rs 155 on an intraday basis. Other PSU banks like Bank of Baroda, Punjab National Bank, Bank of India are also witnessing selling pressure.
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