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PSU banks shares slump on restructured loan norms

30 Oct 2012 Evaluate

Shares of PSU banks slumped after the Reserve Bank of India (RBI), extending its battle against inflation, in Second Quarter Review of Monetary Policy 2012-13, too left the key policy rates, viz. repo and reverse repo, unchanged at 8 per cent and 7 per cent respectively. However, the shares of PSU banks witnessed nasty laceration after central bank increased the provisioning for restructured loans in the policy. The provisioning for restructured standard asset has been raised from 2 per cent to 2.75 per cent.

Punjab National Bank is currently trading at Rs 730.80, down by 26.20 points or 3.46% from its previous closing of Rs 757.00 on the BSE. The scrip opened at Rs 754.00 and has touched a high and low of Rs 769.10 and Rs 725.00 respectively. So far 240119 shares were traded on the counter.

State Bank of India is currently trading at Rs 2090.50, down by 79.85 points or 3.68% from its previous closing of Rs 2170.35 on the BSE. The scrip opened at Rs 2172.00 and has touched a high and low of Rs 2199.80 and Rs. 2080.45 respectively. So far 875573 shares were traded on the counter.

Union Bank of India is currently trading at Rs 194.60, down by 6.45 points or 3.21% from its previous closing of Rs 201.05 on the BSE. The scrip opened at Rs 201.00 and has touched a high and low of Rs 206.55 and Rs 190.25 respectively. So far 247874 shares were traded on the counter.

IDBI Bank is currently trading at Rs 92.20, down by 2.65 points or 2.79% from its previous closing of Rs 94.85 on the BSE. The scrip opened at Rs 95.50 and has touched a high and low of Rs 95.85 and Rs 91.40 respectively. So far 537275 shares were traded on the counter.

State Bank Of India Share Price

1047.20 20.10 (1.96%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1047.20
PNB 107.50
Bank Of Baroda 271.50
Canara Bank 126.15
Union Bank Of India 174.85
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