public sector banks
Banks Board Bureau invites applications for top posts of 4 big PSU banks
The appointments will be for three years.
Credit demand subdued, economy needs stimulus: SBI Chairman
Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.
FinMin asks PSBs to seek ideas from branches to streamline banking sector
The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.
Banks report reduction in NPA; seek steps to address stress in NBFCs: Survey
Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.
Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20
The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.
Rs 3 tln of capital infusion only helped PSBs trim losses, not drive credit supply
The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing assets.
Privatise, but don’t let public sector banks wither
The philosophy of “social control” over banks and other financial sector institutions was being already discussed in the 1960s.
Bankers agree to take steps to review interest rates: FinMin
Banks need to commensurately transmit rate cut benefit in lending, said an official release.
Sitharaman to meet heads of public and private sector banks on Monday
In the last few months, there have been signs of revival in public sector banks.
Finance Minister Sitharaman to meet CEOs of PSU banks on Friday
The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.