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.
| Company Name | CMP |
|---|---|
| SBI | 799.55 |
| Bank Of Baroda | 245.00 |
| Canara Bank | 100.40 |
| PNB | 101.55 |
| Union Bank Of India | 117.85 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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