Govt. to Infuse INR 20,000 Crores in Public Sector Banks

 Good news for the India's Public Sector Banks which are already struggling due to series of bad loans and reduction of market share , the govt will infuse Rs. 20.000 Cores in all the Public Sector Bank. 

The amount to individual banks will depend upon their requirement and other regulatory norms of exchange listing. The important thing here to look is that banks be it be private or public sector all of them are grappling with older and newer NPA which have started to mount due to Covid 19 Pandemic and extended lockdown due to which the business activities are yet to start with full capacity.

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Should I buy the shares of Listed Public Sector Banks ?

As a regular reader of our blog we have been constantly receiving queries and suggestions that on each news if it is related to listed stock companies we should give our analysis on buying or selling of that company or sector shares.

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So our analysis shows that your should not jump on to buy the shares of Public sector banks by just reading the above news or upon recommendation on the main stream business news channels or business newspaper or brokers. All of them are here to sell the stories to earn the quick bucks for TRP or subscription. 

We would suggest that one should better wait the opportnities to buy these PSB stocks only after they correct to 10-20% from the present levels which is very likely to happen when broader market corrects in coming days.

Your Comments & Suggestions are welcome in comments section,

SBI Mutual Fund Chief is new State Bank of India MD

 The appointment committee of Cabinet has approved SBI Mutual Fund Managing Director Shir Ashwani Bhatia's appointment as MD, State Bank of India.

His appointment is unitll hsi retirement in May 2022.

Mr Bhatia has been appointed in place of Mr P K Gupta, who completed his term earlier this year.

Top Stock Recommendation August 2020

 Following are the top stocks recommended by us as per their current price, earning potential and return generation capacity so just relax and buy these stocks.

If you want to avail the paid service of our , kindly leave in your details in the comments section we will be happy to contact you.

1. Lemon Tree Hotels : CMP 28, Target for One Year 44 and target for three years 120
2. PVR : CMP 1200, Target for One Year 1600 and target for three years 2800
3. INOX Leisure : CMP 240, Target for One Year 320 and for three years 480
4. SBI Cards : CMP 800, Target for One Year 1300 for three years 3500

For any queries of suggestions do post in comment section.