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Critical Mineral Play: India's PSUs unite to acquire resources globally

Critical Mineral Play: India's PSUs unite to acquire resources globally
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Indices surge on global cues, rally in bank stocks - The Hindu BusinessLine

Indices surge on global cues, rally in bank stocks - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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PSB stocks beat private peers in one-year returns, brokerages stay bullish

However, the implementation of Expected Credit Loss guidelines could have an impact ranging from 1 to 2.5 percent of loans for public sector banks. ....

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February FPI inflow: Financial stocks net 60% of $3.5 billion FPI inflows in Feb

Synopsis
Nifty PSU Bank gained 32 per cent; good Q3 numbers, announcement of a bad bank and other measures in budget boost sentiment.
ThinkStock Photos
MUMBAI: India’s financial sector mainly public sector lenders attracted $2 billion, or nearly 60 per cent, of the overseas inflows amounting to $3.5 billion that came into Indian equities in February. The month, which saw Indian equities surging over 10 per cent on the back of a pro-growth Budget saw financials surging on the back of betterthan-expected December quarter numbers and the Budget announcement of a bad bank as well as other measures for the banking sector.
“FPIs were back as net buyers in financials last month. We wouldn’t be surprised if a major chunk of inflows would have chased PSU banks,” said Sriram Velayudhan, VP, IIFL Alternative Research. Nifty Bank gained 14 per cent in February. ....

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banks: IndusInd, Federal, Bandhan may be key gainers of government move

banks: IndusInd, Federal, Bandhan may be key gainers of government move
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