Nifty PSU Bank News and Updates

Keep track of all breaking news on Nifty PSU Bank from all sources in a single place.

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01 Apr 2025

Uco Bank share price sinks 14% today; stock falls below QIP issue price

Business Standard

On March 27, 2025, Uco Bank approved the allotment of 583,600,803 (583.6 million) equity shares to eligible qualified institutional buyers (QIBs) at an issue price of 34.27 per equity

Number of FII/FPI investors increased from 43 to 73 in Mar 2025 qtr.

Punjab National Bank

29 Mar 2025

96.91

2.10%

Brief: PNB ups repo-linked lending rate by 10 basis points

Business Line

RLLR includes the business strategy premium of 0.10%

Number of FII/FPI investors decreased from 680 to 662 in Mar 2025 qtr

Union Bank of India

28 Mar 2025

120.84

2.47%

IBA elects CS Setty as new Chairman

Business Line

The committee also elected Union Bank MD A Maninekhalai, Punjab & Sind Bank MD Swarup Kumar Saha and Madhav Nair from Bank of Bahrain & Kuwait B.S.C as the three deputy Chairmen

Number of FII/FPI investors increased from 598 to 612 in Dec 2024 qtr.

Indian Overseas Bank

28 Mar 2025

35.83

2.87%

Indian Overseas Bank down 7%, hits 52-week low; stock down 12% in 3 days

Business Standard

A total of 354.18 million equity shares of Indian Overseas Bank allotted to QIBs pursuant to QIP were listed and admitted for trading on the Exchange with effect from Friday, March 28, 2025.

Indian Overseas Bank has lost -34.51% in the last 6 Months

UCO Bank

27 Mar 2025

UCO Bank fixes QIP price at Rs 34.37 per share

Economic Times

Uco Bank QIP: Uco Bank has set the price of its Rs 2,000 crore QIP at Rs 34.27 per share, a 4.99% discount to the floor price. The move aims to reduce government ownership from 95.39% to around 3%.

Number of FII/FPI investors increased from 43 to 73 in Mar 2025 qtr.

Bank of India

27 Mar 2025

109.25

3.29%

Bank Of India Announces Tie-Up With New India Assurance

NDTV Profit

The pact aims to offer various insurance solutions like health, motor, personal accident, home, and commercial insurance products to Bank of India's customers.

Bank of India has an average target of 125.50 from 2 brokers.

State Bank of India

27 Mar 2025

768.60

2.91%

SBI Clerk Prelims Result 2025: Check Steps To Download JA Scorecard @sbi.co.in

NDTV Profit

The result will be declared on the official website of SBI - sbi.co.in. As per the information available on the website, the results could be declared anytime soon.

State Bank of India is trading above its 50 day SMA of 743.1

SBI Clerk Prelims result 2025 to be released soon at sbi.co.in; know more

Business Standard | 26 Mar 2025

Bank of India

26 Mar 2025

109.25

3.29%

BOI's first dollar loan deal in over a decade raises $400 mn, woos 22 banks

Business Standard

The deal is latest sign of growing appeal of Indian assets to global investors and lenders, with its bonds posting strong monthly inflows and stocks recuperating from a trillion dollar selloff

Number of FII/FPI investors decreased from 220 to 213 in Dec 2024 qtr

Bank of India's first dollar loan in over a decade woos 22 banks

Business Line | 26 Mar 2025

Indian Overseas Bank

25 Mar 2025

35.83

2.87%

IOB to challenge 558.96 cr income tax demand

Business Line

In a filing to the stock exchanges, the bank stated that it intends to challenge the order before the appropriate forum, contesting the disallowances and additions made by the tax authorities

Indian Overseas Bank has lost -34.51% in the last 6 Months

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Is Nifty PSU Bank worth buying?

246 Votes:

Buy 86.18%

Sell 6.1%

Hold 7.72%

Nifty PSU Bank PB	1.2
Nifty PSU Bank PE	6.6
Nifty PSU Bank DIV	2.4
Nifty PSU Bank EPS	945.5

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Nifty PSU Bank News and Updates

Keep track of all breaking news on Nifty PSU Bank from all sources in a single place.