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SI Reporter | New Delhi Last Updated at May 18, 2018 12:14 IST
Why RBI putting state-run banks under PCA does not panic depositors If the Reserve Bank of India puts Punjab National Bank (PNB), along with Canara Bank and Union Bank of India, under the so-called Prompt Corrective Action (PCA), the financial sector equivalent of intensive care unit, close to 14 per cent of the total banking credit could be potentially impacted. Of these, PNB accounted for 5.49 per cent as at the end of financial year 2016-17. READ MORE Markets Check S&P BSE Sensex 34,983.10 -0.47% Nifty 50 10,641.40 -0.39% S&P BSE 200 4,621.90 -0.48% Nifty 500 9,264.75 -0.43% S&P BSE Mid-Cap 16,051.46 -0.51% S&P BSE Small-Cap 17,526.99 -0.48% JUST NOW The Supreme Court on Friday held a hearing in the Karnataka government formation matter, directing that the Bharatiya Janata Party (BJP) leader and the state’s new chief minister, B S Yeddyurappa, must conduct the floor test tomorrow at 4 pm. Bharti Airtel falls for sixth straight trading day; stock hits 52-week low Bharti Airtel hit a 52-week low of Rs 356, down 3%, falling for the sixth straight trading days on the BSE, after Reliance Jio Infocomm (RJio) announced a new unlimited postpaid plan on Thursday May 10, with national roaming, international calling and international roaming plans among others. The stock of telecom services has fallen 13.6% in past six trading sessions as compared to 0.65% decline in the S&P BSE Sensex. Bharti Airtel has lost Rs 218 billion market capitalistion during the period. READ MORE Top BSE500 losers COMPANY PRICE() CHG() CHG(%) VOLUME SRF 2040.00 -191.90 -8.60 31299 JYOTHY LAB. 437.75 -32.25 -6.86 46583 VOLTAS 543.50 -40.05