India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700

According to the SBI Research report, the country's nominal GDP growth is expected to decline below the FY19 levels this year

Earlier in 2019, the government created a handful of larger banks by merging ten state-owned banks into four. \"Now we are thinking of selling the unmerged banks to private players,\" government sources said

Yes Bank News Updates: In the reconstruction scheme for YES Bank, the government has said that the SBI is willing to investment in the troubled private lender

Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI

Over the last decade, the Rs 152 lakh crore banking industry witnessed four big mergers - two each in the public and private banking space.

The good and the bad of Modi government's economic performance.

Corporation Bank zoomed 18.82 per cent, United Bank 14.88 per cent, UCO Bank 13.70 per cent and Bank of Maharashtra 10.84 per cent.

Under Sebi's takeover code, if a company acquires more than 25 per cent in another listed company, it has to make an open offer to minority shareholders to buy at least 26 per cent more in the target firm.

Government on Tuesday provided Rs 22,915 crore capital to 13 PSU banks including SBI, PNB and IOB to enhance their lending operations and enable them to raise more money from the market.

Continuing its rally for a second straight session, shares of IDBI Bank on Tuesday rose by over 5 per cent after the government said it may consider bringing down its stake in the lender to below 50 per cent.

Shares of Public Sector Banks such as State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) pared all its losses to gain up to 8 per cent.

US Federal Reserve Chair Janet Yellen on Wednesday eased Street concerns about the likely path of US interest rates, yet Wall Street ended flat. SGX Nifty also indicates lower opening for domestic markets.

To revive the fortunes of public sector banks, the government on Friday unveiled a seven-point plan encompassing Rs 20,000 crore immediate fund infusion, creation of a single holding company and minimising political interference.

The CCEA on Wednesday approved the proposal by HDFC Bank that will raise its foreign holding to 74 per cent.