There is a golden opportunity to earn by investing in these three banks. In the last one month, these stocks have given up to 50 per cent returns. The government has recently made some big announcements for them.
If you invest in the stock market and are ready to take calculated risks then this is a golden opportunity for you to invest. The condition of the banks has worsened due to Corona. In such a situation, the government made several announcements in the budget to improve the financial condition of banks. Work on Bad Bank is going on to solve the NPA problem. Apart from this, in the next financial year (2021-22), 20 thousand crore rupees have been announced for public sector banks for re-capitalization. In the current year too, capital of 20 thousand crores was kept for the banks.
Today, we are going to tell you about the shares of three public sector banks, in which there is a golden opportunity to earn. The best thing is that the share price of these banks is less than 20 rupees. In the last one month, these stocks have given up to 50 per cent returns. The government has recently made some big announcements for them. Due to this, there is every possibility of a rise in their shares in the coming days. The Ministry of Finance (Finance Ministry) has taken a major decision to improve the financial health of the weak banks under the ‘Prompt Corrective Action’ (PCA) framework of the Reserve Bank of India (RBI). The government can infuse Rs 14,500 crore in the next few days in these banks included in the PCA framework.
Earnings opportunities in these three banks
Currently, Indian Overseas Bank, Central Bank of India and UCO Bank are subject to the ban of PCA rules. They are prohibited from extending loans, salary of managers and increase in fees of directors. Sources said that the ministry has identified banks to give capital. The capital will be poured in the next few days. This will benefit the banks which are under the Immediate Corrective Action Framework (PCA). This week, IDBI Bank (IDBI Bank), controlled by the Life Insurance Corporation of India (LIC), was relieved of the PCA Framework of RBI after nearly four years on the basis of improving financial performance.
> Indian Overseas Bank: Indian Overseas Bank shares closed at Rs 17.15 on Friday. Its 52-week high is Rs 20.65. Its stock has risen 7.19 per cent in one week and 54.50 per cent in one month and 49 per cent in three months.
How many crore rupees will the country suffer due to the strike of banks?
>> Central Bank of India: The Central Bank of India stock closed at Rs 19 on Friday. The 52-week high is Rs 26.40. In the past week, it has given 7.34 percent, 35.23 percent in one month and 27.52 percent in three months.
>> UCO Bank: This week, UCO Bank shares closed at Rs. 13.40. The 52-week high is Rs 16.70. The performance of this bank has been stable. It has given a return of 0.75 per cent in the last one week, 3.88 per cent in a month and zero per cent in three months.
IDBI Bank’s investors become rich
This week, the RBI removed IDBI Bank from the ‘Prompt Corrective Action’ (PCA) framework. After this announcement, its stock has risen 16 per cent this week and 45 per cent in a month. Its stock closed at Rs 42 this week. Due to deteriorating financial situation, the RBI (RBI) put IDBI Bank in the PCA framework in May 2017. In March 2017, the NPA of the bank exceeded 13 per cent. The RBI said, it was noted that as per the results for the quarter ended December 31, 2020, the bank has not violated PCA norms on Regulatory Capital, Net NPA and Leverage Ratio.