Blog 59: Public Sector Banks
Indian Banking Industry:
1.As per the Reserve Bank of India (RBI), India’s banking Sector is Sufficiently Capitalised and Well regulated.
2.The Financial and Economic Conditions in the Country are far Superior to any other Country in the World. Credit, market and liquidity risk Studies suggest that Indian banks are generally resilient and have withstood the global downturn well.
3.The Indian banking industry has recently Witnessed the rollout of innovative banking models like Payments and Small finance banks.
4.The digital Payments System in India has evolved the most among 25 Countries with India’s Immediate Payment Service (IMPS) being the only System at level five in the Faster Payments Innovation Index (FPII).
5.Total Assets across the banking Sector (including Public and Private Sector banks) increased to $2.67 Trillion in 2022.
Public Sector Bank Stocks:
1.SBIN
2.Indian Bank
3.Bank of Baroda
4.Canara Bank
5.Union Bank of India
6.Punjab and Sind Bank
7.Bank of India
8.Central Bank of India
9.Indian Overseas Bank
10.UCO Bank
11.Bank of Maharashtra
Disclaimer: Above Stock ideas are only for Research Purpose, it is not an Investment Advice.
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