Budget Highlights are as follows: · 11.4 cr farmers received cash transfer of Rs 2.2 trillion cash. · Rs 2,200 cr to be spent on ‘atmanirbhar plant program’. · Agriculture credit target to be increased to Rs 20 lakhs, fund to be set up for agri start-ups, digital agri infra to be […]
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Canara Bank reported 92% YoY net profit jump in December Quarter 2022. The PSU bank’s net profit came in at Rs 2,882 crore in Q3FY23 compared to Rs 1502 crore, in the same period a year ago. Robust net interest income (NII), lower provisions and controlled expenditure supported Canara Bank’s strong profitability in Q3FY23. Provisions […]
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Nifty PSU bank index rose 3.6% over the past one month beating Nifty 50 down 3.5%. Nifty PSU bank index is the only sectoral index in the positive zone over the past 30 day period. All other indices, from pharma, realty, healthcare, to FMCG, metals and IT Nifty gave negative returns, ranging between 1-10% over […]
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