Finance Ministry may provide capital support to some PSBs in third quarter The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter. In 2019-20, the government infused Rs 70,000 crore into PSBs to boost credit for a strong impetus to the economy.
PSU bank stocks can be good trading options over next few weeks: Kunal Bothra 'The banking stocks made a very strong comeback. There were very strong and solid moves in individual names. This is generally and typically seen in the markets whenever we bounce back from oversold territories.'
Canara Bank to raise up to Rs 2,000 crore equity capital The bank's board at its meeting held on Friday decided to raise an "additional equity share capital amounting up to Rs 2,000 crore, including securities premium, through the QIP route, it added.