Tue, Dec 06, 2022
The Nifty PSU Bank index hit a new high of 4,277.75 intraday trade, up 3 per cent. At around 02:45 PM, the index was up over 1 per cent to 4,201.55 as compared to a 0.50 per cent fall in the Nifty 50 index.
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Sun, May 15, 2022
The Reserve Bank of India has said that public sector banks reported over a 51 per cent fall in the amount involved in frauds to Rs 40,295.25 crore during the financial year 2021-22 (FY22).
Sun, Aug 09, 2020
Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said.
Fri, Jul 12, 2019
This is likely to provide the better-run NBFCs access to liquidity. The partial credit guarantee from the government would help NBFCs raise funds from PSBs, providing them urgently needed funding support .
Wed, Jul 10, 2019
The government is looking at restructuring three relatively weaker public general insurers -- National Insurance Company, United India Insurance Company and Oriental India Insurance Company.
Fri, Jun 28, 2019
Prime Minister Modi on November 2, 2018 launched an MSME outreach initiative to provide access to credit, access to market, technology up-gradation, ease of doing business and a sense of security for employees of MSMEs. In order to consolidate gains of the outreach campaign, the government has decided to take the initiative further.
Tue, Jun 25, 2019
Steps have been taken by the Government to improve the conditions of banks under it's 4R strategy of recognising non performing asset (NPA), Finance Ministry said in a statement.
Tue, Jun 18, 2019
The details in this regard are still being worked out and is likely to be discussed in a meeting of Union Finance Minister on June 20, said the Zee Business report.
Fri, May 24, 2019
Banks recovered close to Rs 55,000 crore from the NCLT resolution, the official said, adding "Compared to Rs 74,562 crore in 2017-18, the recovery in the previous financial year nearly doubled to Rs 1.2 lakh crore."
Sat, Dec 29, 2018
Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have been imposed against erring officials" and in all the cases, depending upon the amount involved, CBI and police complaints have been lodged.
Mon, Sep 24, 2018
There are over 23,000 cases of fraud involving a chunk of above Rs 1 lakh crore, RBI told in an RTI query.
Thu, Sep 20, 2018
The Appointments Committee of Union Cabinet headed by Prime Minister Narendra Modi has cleared the names of 10 senior executives to head as many public sector banks (PSBs). The posts were lying vacant for six to 12 months.
Mon, Aug 27, 2018
The panel, which includes former prime minister Manmohan Singh as a member, wanted to know the reasons of ever-greening of stressed accounts through restructuring schemes of the Reserve Bank of India.
Fri, Aug 24, 2018
Relating to GDP growth, he said as per SBI research estimates, in the first quarter it was expected to be 7.7 per cent in the first quarter and 7.5 per cent for the full fiscal.
Wed, Apr 04, 2018
PSBs did assist in creating much-needed infrastructure, but the question remains at what cost and whether there are better avenues to fund the infrastructure in the future. The non-performing assets (NPAs) that the PSBs hold from the infrastructure sector clearly point towards the need for alternative financing mechanisms.
Wed, Mar 21, 2018
Uday Kotak, Executive Vice-Chairman and Managing Director, Kotak Mahindra Bank, said that three issues are there that give me the confidence to talk like that and they are 1) industry structure between Private and Public sector banks, 2) financial savings of people and 3) digitisation of the process involved.
Tue, Mar 13, 2018
11 out of 21 PSBs are under the RBI's 'prompt corrective action' plan. Banks have to recall $6 billion bail-in bonds.$207 billion in corporate bad debt are waiting to be sold in bankruptcy proceedings.
Thu, Mar 01, 2018
PNB fraud: SBI Chairman Rajnish Kumar today said public sectors banks needs to improve their corporate and risk governance infrastructure to mitigate the challenges related to operational risk. "Public Sector Banks (PSBs) need to improve their governance infrastructure. "If there are any deficien
Mon, Feb 19, 2018
By Anto T Joseph
Tue, Feb 06, 2018
The bank said its Board will also consider implementation of reforms agenda for responsive and responsible public sectors banks (PSBs) of the government.
Thu, Jan 25, 2018
Fitch said recapitalisation is "short of enabling the banks to meet higher regulatory capital burdens under Basel III in the face of persistent weak earnings.".
Thu, Jan 04, 2018
The Lok Sabha today gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks (PSBs), with Finance Minister Arun Jaitley promising that the fund infusion would be accompanied by a series of reforms.
Wed, Jan 03, 2018
The funding comes under Indradhanush plan which promised Rs 70,000 crore over period of four years ending March 2019
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