Expect strong selling in PSU bank space: Kulkarni

There could be correction in Bank Nifty and PSU banks are definitely going to have difficult couple of quarters ahead of them, says Sandeep Shenoy, Anand Rathi Financial Services.

"Two stocks that I can suggest are Union Bank and ICICI Bank , in two different segments, PSU and private sector, both are worth buying into. We are only talking of short term trades. This is not something that is going into longer term horizon, ...

Finance minister P. Chidambaram today said he would persuade PSU bank chiefs to pass on the benefit of the RBI rate cut to borrowers. I have called the chairpersons of public sector banks towards the end of this month to have a chat on these issues. We will ...

As with most PSU banks, asset quality remains an important concern for IDBI Bank as well. The 28% fall in net profit during the fourth quarter of 2012-13, compared with that in the same period last year, was mostly because of increased provisioning.

SP Tulsian of sptulsian.com is positive on PSU banks and real estate stocks. He advises to go long on State Bank of India, Bank of India, Dena Bank, DLF and Indiabulls Real Estate.

Satnam Singh, Managing Director of Power Finance Corp (PFC) plans to buy a substantial stake in a public sector unit (PSU) bank that would allow it to have a representation at the board level. A month ago, PFC informed its intention to acquire ...

He further added, "Some of the PSU banking stocks I am expecting them to give a better close again because of the better technical factors. So, long call on Canara Bank with a target of Rs 438 and stop loss of Rs 430. Related News Set email

Sudarshan Sukhani of s2analytics.com feels that Bank of Baroda is on the verge of breaking down from a large support level. According to him, PSU banks remain a short sell.

The Finance Ministry has made public its displeasure over the dip in the bottom lines of most of the state-run lenders, including State Bank of India, in the . "It is akin to asking someone who got bashed up on the road how he feels about it," ...