public sector banks
PSBs' bad loans have declined by over Rs 89,000 crore till March: Govt
Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46 lakh cr by the govt.
Shaktikanta Das meets PSB heads, reiterates call for faster transmission
At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.
Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Sitharaman
Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.
Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector banks
Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.
Economic Survey: Banking sector performance improved due to fall in bad loans in 2019
The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth accelerated.
Wilful defaults in India cross USD 21 billion in 2018-19
As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.
RBI fines 4 bank, including PNB for violation of KYC norms
RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.
2,313 frauds reported in Mudra loan accounts
Since the beginning of the scheme, over 19 crore loans have been extended under PMMY as on June 21, 2019.
Gross NPAs of banks may reduce to 8 per cent by March 2020: Report
NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.
Modi readying to sell off weak PSU banks to fund rural homes
India’s central bank and the govt is in the midst of cleaning up a banking system saddled with the world’s worst NPA ratio.