Union Minister of Finance & Corporate Affairs Arun Jaitley said the Public Sector Banks (PSBs) are the lifeline of Indian economy. He said that if their health is not good, then economy at large...
Mar 01, 2019
The Centre is confident that several public sector banks (PSBs) will begin recording profits at the end of the current fiscal, interim Finance Minister Piyush Goyal said after a day-long meeting...
Jan 29, 2019
Public sector banks (PSBs) are in the process of closing or rationalising about 69 overseas operations in the next few months as part of their capital conservation exercise, says a report by PTI...
Jan 07, 2019
Moody’s Investors Service said, on Tuesday, that the government’s endeavour to provide more capital support to public sector banks in the current fiscal will restore capital adequacy and improve...
Aug 21, 2018
There is a need to empower boards of public sector banks (PSBs) so that it works in an environment free from political interference, suggest some industry people. According to them,...
Mar 27, 2018
The banking regulation law does not wholly apply to public sector banks (PSBs) and regional rural banks (RRBs), a senior Reserve Bank of India (RBI) official told ET. The comments came six...
Mar 20, 2018
The Ministry of Finance might issue the first lot of recapitalisation bonds to state-run banks (PSBs) in early January, official sources from the ministry told ANI. The recapitalisation bonds...
Dec 27, 2017
The government will put in more money in public sector banks to strengthen the banking system and catalyse economic growth, Finance Minister Arun Jaitley said on Sunday. He was speaking to...
Nov 13, 2017
The Government of India has taken various measures to deal with the issue of Non Performing Assets (NPAs) in banking sector especially in case of public sector banks (PSBs). While making his...
Apr 27, 2016
State Bank of India raised Rs 3,000 crore from Basel III compliant, Tier-ll bonds, in the nature of debentures. The bonds have been issued at a face value of Rs 10 lakh each at par and have a 10-...
Feb 19, 2016
The S&P has estimated that the banking system will need Rs 2.3 trillion of capital by 2019 to meet the BASEL requirements and to make fresh advances. Banks may require some of this capital up...
Feb 17, 2016
State-run banks are seeing mounting bad loans and part of it could be blamed on the practice of bank managements selecting its own auditors, said Institute of Chartered Accountants M Devarraja...
Feb 17, 2016