Government planning to launch Financial Sector ETF

The government is planning to launch an exchange traded fund (ETF) comprising stocks of public sector banks,insurers and financial institutions this fiscal year,and has invited bids from advisors to explore its feasibility. After the resounding success of CPSE ETF and Bharat-22 ETF,the government is looking at diversifying the ETF basket by including stocks of public

Bank recapitalisation plan: PSU banks set to get ₹42,239-crore Fund

The government on Wednesday February 20 approved the infusion of Rs 48,239 crore in 12 public sector banks in the current financial year(2018-2019). The government has now provided Rs 1,00,958 crore out of the Rs 1.06-lakh-crore bank recapitalisation plan. Corporation Bank emerged as the biggest beneficiary of the latest round of capital infusion with Rs 9,086 crore,followed by