public sector banks
India growth has slowed due to structural economic reforms: US
RBI predicts that gross NPLs as a proportion of all loans will increase to 10.8 per cent in first quarter of 2018.
SBI to issue shares to govt for Rs 8,800 cr capital infusion
SBI will issue 29,25,33,741 shares on a preferential basis to government at price of Rs 300.82 per share.
Public sector banks report Rs 19,000 crore loss
The total losses reported by 16 public sector banks amount to Rs 18,947 crore.
Lead by PSBs, NPAs soar 34.5 pc in Q3; pain to linger on: report
PSBs had a weaker performance on various indicators, including key parameter of NPAs and also profitability.
RBI's new norms to speed up resolution of stressed assets
Gross NPAs of public sector and private sector banks as on Sept 30, 2017 were Rs 7,33,974 cr, Rs 1,02,808 cr respectively.
Potential stressed asset accounts on decline: report
For public banks, overall SMA book has declined to 5.3 per cent of loans in second quarter of 2017-18.
SBI wrote off bad loans worth over Rs 20,000 cr last fiscal
PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.
PSBs need Rs 2.06 trillion capital for 8-9 pc credit growth in FY19
The recapitalisation amount from the government will go towards sustaining the banks.
Govt fixes rates up to 7.68 pc for recap bonds with 6 maturities
A total of Rs 80,000 crore will be infused in state-owned banks through the bonds this year.
Private investment to rise with NPA resolution, PSBs recap
Govt announced a large recapitalisation package of about 1.2 pc of GDP to strengthen balance sheets of PSBs.