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Saturday, Apr 27, 2024 | Last Update : 07:54 PM IST

All India Bank Officers' Confederation joint general secretary Sanjay Das said reducing the government's stake in PSBs to below 50 per cent to take the bankers out of CVC ambit is no panacea. (Photo: Representational | PTI)

Diluting govt stake below 50 per cent in PSBs no solution: Unions

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

01 Nov 2019 2:26 PM

Finance Minister Nirmala Sitharaman. (Photo: Asian Age)

FinMin to hold review meeting with public sector banks today

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

19 Sep 2019 8:50 AM

During this period only FY19 and FY18, bank credit grew in double-digits (13.24 per cent in FY19), while in FY17.

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.

09 Aug 2019 9:14 AM

Aggregate gross advances of PSBs increased from over Rs 18.19 lakh crore as on March 31, 2008 to more than Rs 52.15 lakh crore as on March 31, 2014.

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.

26 Jul 2019 10:13 AM

Govt will provide a one-time partial credit guarantee to PSBs to buy high-rated pooled assets of financially sound NBFCs.

Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC assets

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

05 Jul 2019 3:06 PM

RBI to focus on governance reforms in banks, non-banking sector in coming months: Das

Bank Board Bureau and the Reserve Bank are engaged in developing an objective framework for performance evaluation of PSBs.

09 Jun 2019 8:28 AM

During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans. (Representational Image)

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.

25 May 2019 1:12 PM

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation. (Photo: ANI)

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.

19 Apr 2019 6:25 PM

The central bank also did open market operations (OMOs) during the third quarter which had led to a fall in yields thereby helping PSBs report lower losses.

PSBs to report higher losses for March quarter

According to analysts, the gross and net non-performing assets (NPAs) are likely to fall sequentially.

11 Apr 2019 1:06 AM

This capital infusion is for the current fiscal ending March 31, 2019.

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.

29 Mar 2019 8:56 AM

RBI had carried out an assessment of compliance with its directions on implementation and strengthening of SWIFT-related operational controls of 50 major banks.

RBI slaps penalties on 36 major banks for non-compliance in SWIFT operations

Reserve Bank of India has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks.

09 Mar 2019 10:51 AM

The platform has reduced the turnaround time from 20-25 days to 59 minutes. (Photo: Twitter)

PSBloansin59minutes.com becomes largest fintech loan platform; sanctions Rs 35K cr

The portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises within 59 minutes.

03 Mar 2019 12:37 PM

PNB with a score of 78.4 out of 100 has been ranked first in the EASE. (Photo: File)

Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.

28 Feb 2019 5:32 PM

Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.

Finmin expects 3-4 more banks to come out of RBI's PCA framework this year

Bad loans of public sector banks declining by over Rs 23,860 crore in the first half of the current fiscal.

24 Feb 2019 3:16 PM

Asked about by when it could be implemented, he said it would be too premature to comment on this. (Photo: Twitter)

Institutionalisation of P J Nayak panel report to improve governance of PSBs: CEA

Some of the recommendations of the Nayak committee have been implemented and some more need to be institutionalised.: Subramanian.

23 Feb 2019 12:55 PM

Government has not included any such plan in its annual budget for the year.

Capital requirement of PSBs to shrink to about Rs 25,000 cr in FY20: Moody's

The recent capital infusion will improve solvency of banks, but not fully resolve legacy problem loans.

21 Feb 2019 6:02 PM

The initiative will enhance the financial performance of the commercial banks, and will assist them to cope with RBI’s prompt corrective action (PCA) plan. (Photo: Linkedin)

CARE Ratings to government: From where will you get the recap funds for PSBs?

The union government on Wednesday declared an infusion amount of Rs 48,239 crore for recapitalisation of PSBs.

21 Feb 2019 5:19 PM

Shares of India’s state-run banks jumped on Thursday, a day after the government said it will inject 482.39 billion rupees. (Photo: Twitter)

State-run banks' shares jumped after government announced fund infusion

The government had in October 2017 said it would infuse a total 2.11 trillion rupees into state-run lenders over two years.

21 Feb 2019 1:57 PM

Financial Services Secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI. (Photo: File)

Govt announces Rs 48,239 cr recapitalisation plan for 12 PSBs

The government will pump in Rs 12,535 crore in four other banks under PCA.

20 Feb 2019 5:38 PM

RBI Governor Shaktikanta Das. (Photo: File | PTI)

Will meet bank heads on Feb 21 on transmission of rate cut: Shaktikanta Das

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

18 Feb 2019 1:12 PM

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Farrukh Dhondy

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