public sector banks
7 PSU banks set to get Rs 28,615 crore lifeline in 4 days
Of the 7 state-owned banks, Bank of India may get the highest amount of Rs 10,086 crore.
Finance ministry increases bank recap fund by Rs 35,000cr
This would enable infusion of over Rs 83,000 crore in the next few months in Public Sector Banks (PSBs), said a finance ministry official.
State banks recover USD 8.69 billion of bad loans in April-September
Banks have raised 244.4 billion rupees from the market this fiscal year.
PSBs recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Minister
Write-offs of NPAs is a regular exercise of the banks to clean up their balance sheet, tax benefit and capital optimisation.
Privatisation of PSBs not panacea; need to cut govt mandates for PSBs: Rajan
Banking system is overburdened with non-performing loans and there is a need to adequately professionalise boards of PSBs.
Reduce number, weight of government mandates for PSBs: Rajan
PSBs still not adequately professionalised and there is a need to substantially improve risk management.
Will try to uphold credibilty and autonomy of RBI: Shaktikanta Das
Das ensured that he would take adequate measures which the economy requires in a timely manner.
No additional recapitalisation in PSBs beyond Rs 65,000 crore in FY19
The government has already infused about Rs 82,000 crore through bonds.
RBI Governor Urjit Patel appears before parliamentary panel
RBI Governor appeared to brief on demonetisation and NPA situation in the public sector banks.
Finance Ministry hopeful about public sector banks
Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders.