Thursday, 4 May 2017

SBI rises over 2% as Cabinet approves NPA policy

Shares of State Bank of India, the country’s largest public sector lender, soared over 2 percent on the Bombay Stock Exchange after Union Cabinet on Wednesday approved new non-performing assets (NPA) policy to deal with stressed assets. Buoyed by the development, shares of the bank gained as much as 2.57 per cent to hit an intra-day high of Rs 296.80 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 295.90 against the previous close price of Rs 289.35. Among others, Bank of Baroda was up 2.19 percent to trade at Rs 193.90, followed by Punjab National Bank at Rs 178.00, up 2.15 percent. In a similar fashion, stocks of lender were trading 1.98 per cent higher at Rs 295.55 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,062.17, up 167.37 points or 0.56 percent, at 11:50 hour.

Best services for costumers with full technical support make your Financial Trading more easy click here to subscribe us for free >>

No comments:

Post a Comment