Tag: Time to turn bullish on PSU banks after Cabinet clears

Time to turn bullish on PSU banks after Cabinet clears Rs 30,600 crore-guarantee for bad bank?

With the cupboard giving the go-ahead to government guarantees for security receipts of Rs 30,600 crore, the non-performing asset (NPA) burden of state-run banks is predicted to ease, making PSU bank stock a beautiful buy, experts said. Experts said the choice on the so-called bad bank that came each day after a government extended a four-year moratorium on payment of dues by telecom players was […]

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