BAJAJ BROKING

Notification close image
No new Notification messages
card image
Anthem Biosciences IPO is Open!
Apply for the Anthem Biosciences IPO through UPI in just minutes.
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

FM Sitharaman Reviews PSBs on August 19, Shares in Focus

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Today, on August 19, Finance Minister Nirmala Sitharaman will review PSBs and RRBs' performance, focusing on deposit growth and asset quality. Discussions will include digital payments, Viksit Bharat card, NARCL accounts, government schemes, and cybersecurity issues. Public banks will remain in focus.

Public Sectors Banks News Today

Today, on August 19, Finance Minister Nirmala Sitharaman will conduct a detailed review of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). This review will assess several crucial financial metrics, including deposit growth, credit-deposit (CD) ratios, and asset quality.

Focus on Key Financial Metrics

The review will centre on evaluating the financial performance of PSBs and RRBs, with a particular emphasis on key indicators such as deposit growth and CD ratios. Asset quality will also be scrutinised to ensure the stability and efficiency of these financial institutions.

Digital Payments and Viksit Bharat Card

The meeting will also address the issuance of the Viksit Bharat card, a significant initiative aimed at enhancing digital payments across the country. This move is part of the broader effort to streamline and modernise financial transactions and banking services.

Update on NARCL and Government Schemes

An update on the National Asset Reconstruction Company Limited (NARCL), colloquially known as the 'bad bank,' will be provided. This includes the status of accounts being acquired by NARCL.

Additionally, the performance of major government schemes such as the Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Surya Ghar, and Pradhan Mantri Vishwakarma will be evaluated.

Addressing Cybersecurity Issues

Cybersecurity concerns related to digital transactions and banking operations will also be a key topic of discussion. Ensuring the security of financial transactions and protecting against cyber threats are critical components of the review.

Public Sector Banks in Focus

In line with this review, public sector banks will be in the spotlight. Their share prices, including SBI share price, Bank of Baroda share price, PNB share price, and Bank of India share price, are expected to be closely monitored.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4.2 App Rating

icon-with-text

4 Languages

icon-with-text

₹5600+ Cr MTF Book

icon-with-text
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|