State Bank of India BSE 0.21 % (up 0.41 per cent) was leading in Nifty PSU Bank index followed by IDBI Bank (up 0.35 per cent) and Punjab National Bank BSE -0.13 % (up 0.13 per cent) as the index was trading at 3,436.75, up 0.17 per cent.
State Bank of India chairperson Arundhati Bhattachrya said on Tuesday that the bank would wait for the required ecosystem before going for the new Insolvency and Bankruptcy Code to resolve the cases of defaults.
PSU banks have seen a tough phase in recent times, majorly due to the mounting NPA issue.
While the Nifty bank index was up, shares of Bank of India (down 1.07 per cent), Bank of Baroda (down 0.74 per cent), Canara Bank (down 0.48 per cent), Union Bank of India (down 0.46 per cent) and Allahabad Bank (down 0.36 per cent) were trading in red. For Any Information Please Visit : www.paceresearchindia.com and Call : 8817774774
State Bank of India chairperson Arundhati Bhattachrya said on Tuesday that the bank would wait for the required ecosystem before going for the new Insolvency and Bankruptcy Code to resolve the cases of defaults. PSU banks have seen a tough phase in recent times, majorly due to the mounting NPA issue.
While the Nifty bank index was up, shares of Bank of India (down 1.07 per cent), Bank of Baroda (down 0.74 per cent), Canara Bank (down 0.48 per cent), Union Bank of India (down 0.46 per cent) and Allahabad Bank (down 0.36 per cent) were trading in red. For Any Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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