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
Finance Minister Arun Jaitley has said bad loans of public sector banks (PSBs) are on a fall and that the Indian economy is passing through a phase of good growth. “Banks are very confident...
Sep 26, 2018
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
The gross bad loans of public sector banks (PSBs) has risen to 14.6 per cent of advances in 2017-18. The minister of state for finance Shiv Pratap Shukla said in Parliament in a written reply...
Jul 25, 2018
A developed corporate bond market is the need of the hour for India as eight per cent economic growth cannot be achieved without a robust corporate capex cycle, more so as sole reliance on bank...
Jul 19, 2018
All 21 public sector banks (PSBs) have incurred a whole loss of Rs 873.57 billion in the 2017-18 fiscal. These banks had posted a net profit of Rs 4.73 billion in 2016-17. Punjab National...
Jun 12, 2018
Cumulative losses at public sector banks (PSBs) were large enough to wipe out almost all of the government's capital injections of $13 billion in 2017-18, said ratings agency Fitch Ratings, adding...
Jun 04, 2018
All public sector banks (PSBs) have been directed to obtain a certified copy of the passport of the promoters or directors and other authorised signatories of companies seeking loans of Rs 500...
Mar 29, 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
Industry chamber Assocham has said that the dilution of government stake to 52 per cent in public sector banks (PSBs) under the bank recapitalisation plan can get valuation much higher than the...
Oct 30, 2017
The Government of India announced a recapitalisation package for PSU banks worth Rs 2.1 trillion. Of total amount, Rs 1.53 trillion was funded by the government - Rs 180 billion was...
Oct 30, 2017
The Government of India has provided exemptions from scrutiny to the consolidation exercise of public sector banks. The scrutiny exemption by the competent authority encompasses all cases of...
Aug 31, 2017
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given in-principle approval for public sector banks to amalgamate through an alternative mechanism (AM). The decision...
Aug 24, 2017
The government is reportedly mulling over setting up a new mechanism in order to put possible public sector banking mergers on fast track. The idea is to push consolidation in the banking sector, an...
Aug 21, 2017
The state-run banks are more stressed than their private sector counterparts. According to a recently released CARE Ratings report, public sector banks (PSBs) figure among the top 20 banks...
Aug 18, 2017
In the wake of rising non-performing assets (NPAs), there may be a need for the government to set up industry committees to determine the valuation of large stressed accounts and get large public...
Aug 16, 2017
The Government of India is likely to provide money to the state-run banks; however, the exact amount will be decided after the first quarter results of banks, a senior finance ministry official...
Jul 07, 2017
Close on the heels of some of the public sector banks recording significant losses in Q4 2016-17, the government is reportedly assessing the capital needs of state-run lenders. A senior finance...
May 24, 2017
With its commitment to tackle non-performing assets (NPAs) in public sector banks (PSBs), the Government of India is mulling to takeover troubled projects by state-run firms operating in related...
Apr 28, 2017
With demonetisation affecting their collections across asset classes, Non-Banking Financial Companies (NBFCs) are likely to witness rise in delinquency levels over the next 1-2 quarters, said a...
Mar 22, 2017
As the Department of Financial Services (DFS) reaches out to banks to collate information about eligible candidates at the level of Executive Directors, industry watchers believe that around nine...
Feb 16, 2017
In the Union Budget 2017-18 presented on February 1 in Parliament, the government allocated Rs 10,000 crore towards recapitalisation of public sector banks. Following the infusion announcement,...
Feb 02, 2017
The Banks Board Bureau is working on a fairly attractive compensation package including elements of bonus, employee stock ownership plans (ESOPs), non-monetary perks and others at all management...
Jan 06, 2017
The government is re-calculating the capital needs of public sector banks (PSBs). A few banks and the Reserve Bank of India have raised concerns over stressed assets turning non-performing if...
Dec 26, 2016
In sync with the announcements made under Indradhanush and the Union Budget 2016-17, the Government of India has allocated Rs 22,915 crore capital to 13 public sector banks. The decision by the...
Jul 21, 2016
The government is committed to supporting the banks fully so that their ability to support growth remains sound, the finance minister said, after a high level meeting with the public sector bank...
Jun 06, 2016
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