public sector banks
FinMin assessing capital needs of PSBs; Budget may make provision for Rs 30,000 cr
The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.
RBI data on bank frauds on basis of reporting year, not occurrence date: FinMin
RBI in an RTI reply had disclosed that over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore were reported in 2018-19.
Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19
Banks recovered close to Rs 55,000 crore from the NCLT resolution, an official said.
Panagariya recommends aggressive privatisation of public sector undertakings in India
Among the longer-term reforms, Panagariya recommended reform of labour laws.
BBB identifies 75 senior officers for leadership roles in PSBs
It has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.
Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs
Bureau was assigned with the task of recommending personnel for appointment as directors in govt-owned insurance companies.
India needs to bolster level of capitalisation of government-owned banks: IMF
The level of non-performing loans (NPLs) in India remains high.
Five PSU lenders get capital infusion of Rs 21,428 cr from govt
Capital infusion will help the bank to shore up its capital adequacy requirements and enable the bank to build a robust loan book.
PNB scam exposes gaps in Indian banking sector
Rs 14,000 crore, fraud nearly brought India’s second biggest state-run bank on its knees.
PSBs may report net profit of Rs 23,000-37,000 crore in FY20
GNPAs and NNPAs of PSBs is likely to decline to 8.1-8.4 per cent and 3.5-3.6 per cent by March 2020.