Tue, Aug 08, 2023
In its latest report, the panel said the pattern of recruitment examination needs to be changed from time to time taking into account the nature of the work of the bankers so that accuracy and speed of the prospective candidates are properly evaluated.
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Wed, May 03, 2023
According to Reuters, Go First owes Rs 652.1 crore ($798 million) to Central Bank of India (CBI.NS), Bank of Baroda, IDBI Bank, and Deutsche Bank are among Go First's financial creditors.
Mon, Mar 27, 2023
During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the Silicon Valley Bank (SVB) and Signature Bank (SB), along with the issues leading to the crisis in Credit Suisse.
Mon, Mar 13, 2023
Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively".
Sun, Jan 22, 2023
In the first half of FY23, the cumulative net profit of all PSBs increased by 32 per cent to Rs 40,991 crore. The combined profit more than doubled to Rs 66,539 crore in 2021-22 despite COVID-19 pressure.
Tue, Jan 10, 2023
The Reserve Bank of India has increased repo rates by 2.25 per cent since May last year. The benchmark interest rate now stands at 6.25 per cent after the latest round of repo rate hike of 35 basis points on December 7, 2022.
Wed, Jan 04, 2023
The highest amount of net loss was registered in 2017-18 at Rs 85,370 crore, followed by Rs 66,636 crore in 2018-19; Rs 25,941 crore in 2019-20; Rs 17,993 crore in 2015-16 and Rs 11,389 crore in 2016-17.
Tue, Nov 15, 2022
As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago.
Sun, Oct 10, 2021
The government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance.
Wed, Jul 03, 2019
Disinvestment target has been on full swing by Indian government, with stake sales taking place in various state-owned companies either by IPOs, OFS, buybacks and others.
Tue, Jun 18, 2019
Nair not only spoke about Budget 2019, but also highlighted key pointers for the Indian economy.
Sun, Jan 06, 2019
Following the review, as many as 35 overseas operations were closed while 69 are under process or being considered for rationalisation, sources said.
Thu, Dec 27, 2018
The seven PSBs include United Bank of India, Central Bank of India, Bank of India, UCO Bank, Oriental Bank of Commerce (OBC), Bank of Maharashtra and Syndicate Bank.
Sat, Dec 22, 2018
Most of the banks had already informed their customers about the one-day strike, called by AIBOC, and its impact on their normal banking operations.
Mon, Sep 17, 2018
Shares issued under the scheme are locked in for a year. The share price of the bank tanked over 39% from December 2017, when the sale was approved by the bank’s Board, to July when the pricing of ESPS was announced.
Mon, Aug 13, 2018
The outlook for the country's banking sector is likely to remain negative until its capital position strengthens in proportion to the bad loans and weak financial performances, according to Fitch Ratings.
Mon, Dec 12, 2016
Nitin Aggarwal and Renish Patel analysts of Antique Stock Broking firm said, “Treasury gains will add upto 6% in operating earnings of major public sector undertakings (PSU) banks over second half of current fiscal year (2HFY17), assuming 50 basis point reduction in interest rate across yield curve.”
Tue, Oct 11, 2016
N. S. Vishwanathan, Deputy Governor of RBI said, "If banks continue to remain saddled with huge NPAs for a long time, it would make them risk averse and choke the lending for economic activities in general. "
Reserve Bank of India's (RBI) data has revealed that stressed loans have crossed $ 138 billion (approx Rs 8,71,746 crore) in June 2016, an increase of 15% in just six months, data accessed by Reuters showed.
Mon, Oct 10, 2016
Kotak Institutional Equities Research said, "Banks are expected to report 15% yoy decline in earnings on the back of accelerating revenue growth of 18% yoy led by higher treasury income as they continue to provide for bad loans (82% yoy) for NPLs."
Sun, Aug 21, 2016
A venomous snake called bad loans has been haunting Indian banks, especially the public sector lenders for a few years now.
Tue, Aug 09, 2016
Government today said the top 100 borrowers of public sector banks owe nearly Rs 14 lakh crore to them.
Thu, Jul 21, 2016
The All India Bank Employees’ Association has released a list of wilful defaulters.
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![Do they really want to solve "bad loan" problem?](http://50342.g72ip.group/sites/default/files/styles/zeebiz_160x90/public/2016/10/11/8205-rupee-reuters.jpg?itok=YWQh399c&c=22a12e4955a45ac46b05732047323c73 "Do they really want to solve "bad loan" problem?")
