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Sector
Financials
Size
Mid Cap
Market Cap £1.25bn
Enterprise Value £2.74bn
Revenue £1.95bn
Position in Universe 249th / 3107

BUZZ-India's lenders rise after cenbank raises liquidity ratio

Wed 6th June, 2018 11:15am
** Nifty PSU Bank index  .NIFTYPSU  rises as much as 2.6
pct, Nifty Private Bank index  .NIFPVTBNK  up as much as 0.6 pct
    ** India's central bank raises the Liquidity Coverage Ratio
(LCR) by 2 percentage points to 13 pct http://bit.ly/2JeTx3Q
    ** The increase in the quantum of instruments available for
calculation under LCR gives additional room for using those
securities under the broader Statutory Liquidity Ratio as LCR,
which is beneficial for banks, says analyst with a domestic
brokerage who did not want to be identified
    ** Allahabad Bank Ltd  ALBK.NS  ends 8.6 pct higher, top pct
gainer on the Nifty PSU Bank index
    ** Indian Bank  INBA.NS  closes up 5 pct, Union Bank of
India  UNBK.NS  rises 3.9 pct 
    ** State Bank of India  SBI.NS  up 2.5 pct, top pct gainer
among banks on Nifty50 index
    ** Financials account for over a quarter of gains on Nifty
50 index  .NSEI , which closed 0.9 pct higher
    ** Up to Tuesday's close, Nifty PSU Bank index has fallen
22.2 pct this year compared with a 0.6 pct increase in the
Nifty50 index  .NSEI 

 ((Reuters Messaging:
abyjose.koilparambil.thomsonreuters.com@reuters.net))
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