Npa Worries News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Npa worries. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Npa Worries Today - Breaking & Trending Today
Explore Now NEW DELHI: Government-owned banks were hammered mercilessly on Monday on fears that the return of state-wide lockdowns, like one widely speculated in Maharashtra, could dent asset quality and loan growth going ahead. Nifty PSU Bank plunged 9.26 per cent led by Indian Bank, Canara Bank, Punjab National Bank and Bank of India that dropped over 10 per cent each in a single session. . Investors are already concerned about the extent of the impact of the national lockdown on balance sheets of banks, and the renewed Covid restrictions have augmented those fears. “The gap-down opening on Monday s trade widened as the day progressed with all sectoral indices in the red as investors worried about the economic fallout on account of the surge in coronavirus cases. Asset quality concerns spooked banks and PSU stocks across sectors were the worst hit amidst lockdown worries,” said S Ranganathan, Head of Research at LKP Securities. ....
Bank Nifty finally hits all-time high: what investors should do now? Technically also, the momentum is likely to continue with the index hitting the 33,000-mark soon. January 13, 2021 / 07:00 PM IST Bank Nifty index, which constitutes 12 leading stocks from the banking sector, finally surpassed its previous record high levels after a period of little more than one year, on January 13. The bank index touched a fresh intraday record high of 32,683.50, crossing the previous record high of 32,613.10 seen on December 30, 2019. Before this sharp recovery, it had corrected more than 50 percent (from previous record high) to 16,116.25 in March 2020, the lowest level since April 25, 2016. From that low point, the index has more than doubled now. It ended at a record closing high of 32,574.65 on January 13, up 0.73 percent. ....