PSBs

Public sector banks’ dividend payout could exceed ₹15,000 crore in FY24

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Public sector banks (PSBs) are prone to pay a dividend in extra of ₹15,000 crore for the monetary yr ending March 2024 on the again of improved profitability, based on sources. Within the first three quarters of the present monetary yr, all 12 PSBs earned a complete revenue of ₹98,000 crore, solely ₹7,000 crore lower … Read more

Are PSU financial institution shares worth picks or worth traps?

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Smaller personal banks or public sector financial institution (PSB) shares? That’s the brand new debate round investing in banking shares. Valuations-wise, each are engaging; however with the difficulty of dangerous loans progressively turning into a factor of the previous and PSBs posting aggressive progress and revenue numbers, public sector banks are starting to catch traders’ … Read more