PSU Banks | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 08:31 AM IST

PSU banks Page-2

Banks have to undertake a two-year transaction audit when they start the resolution process through IBC.

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 5:32 PM

Further, a continuous push to reforms such as GST, PSU bank recapitalisation and time-bound insolvency resolution would also support the recovery, said CII.

India Inc expects recovery in demand, investment

The chamber said that out of the sectoral responses received for 70 sectors, there was a sharp increase in the sectors witnessing ‘excellent’ growth.

13 Aug 2018 12:32 AM

A host of auditors — both internal and external — and RBI inspectors failed to get a whiff of the fraudulent transactions being made since 2011.

Fraud casts doubts on banks

Analysts say PNB episode expands risk areas for banks; claim PSBs use faulty procedure.

16 Feb 2018 7:57 AM

Parliament's approval has been sought for meeting additional expenditure towards recapitalisation of Public Sector Banks. (Representational Image)

PSU bank stocks in limelight; shares gain up to 8.5 pc

Release of next instalment of funds earmarked for bank recapitalisation proved to be a shot in arm for PSBs.

04 Jan 2018 5:34 PM

Many a times banks get calls from politicians to oblige their friends, and when these loans go bad it is unfair that the common man should be made to pay.

Another bid to loot public money

Bank deposits are to be used for productive purposes and not to bail out defaulters.

05 Dec 2017 4:39 AM

Gross NPA in Canara Bank as on September 30 this year stood at Rs 39,164 crore while the net NPA at Rs 25,166 crore.

Canara Bank employees against merger of smaller PSU banks

Merger would not bring any relief to the ‘ailing’ banking industry as the increasing Non Performing Assets.

24 Nov 2017 6:40 PM

Indian shares were largely unchanged in lacklustre trading on Monday following heavy gains on Friday. (Photo: PTI)

Sensex little changed in late morning trade; PSU banks down

The broader NSE Nifty was nearly flat at 10288.85 at 0624 GMT, while the benchmark BSE Sensex was up 0.05 per cent at 33,367.53.

20 Nov 2017 1:00 PM

The paper noted that most of the churning is taking place in telecom, financials, IT, realty and infrastructure.

Job outlook dim: Assocham

Cites India Inc’s focus on rationalisation of costs as primary reason.

20 Nov 2017 1:22 AM

Finance Minister Arun Jaitley. (Photo: AP)

Jaitley-led panel may direct banks to examine merger proposal

Alternative Mechanism would devise its own procedure for appraisal of amalgamation proposals by banks.

02 Nov 2017 9:00 AM

P Chidambaram is India's former Finance Minister and Senior Congress leader. (Photo: PTI)

Would have quit as FM if forced to implement note ban: Chidambaram

Demonetisation and 'rushing through with the GST were two major mistakes' of the Modi government.

28 Oct 2017 6:48 PM

Chidambaram asks if all is well with economy then why banks' recap?

Former Finance Minister claims Indian economy grew at its best rate of 8.5 per cent from 2004 to 2009, first UPA rule.

28 Oct 2017 5:15 PM

Finance Secretary hints at increased capital expenditure by PSUs

Lavasa emphasises on need to increase public investment, for which bold steps will be taken by govt to recapitalise banks.

25 Oct 2017 5:35 PM

Finance Minister Arun Jaitley with RBI governor Urjit Patel at an event. (Photo: PTI)

Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 2:47 PM

Banks have been reeling under bad loans, stressed assets and NPAs. (Photo: Representational/PTI)

India's bad loans and stressed assets estimated at Rs 10 lakh crore

Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.

25 Oct 2017 1:50 PM

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

PSU banks will get fresh Rs 2.11 lakh crore in funding

In the last three-and-half years, the government has pumped in `58,848 crore capital in the public sector banks.

25 Oct 2017 2:17 AM

Finance Minister Arun Jaitley (Photo: PTI)

Cabinet approves massive Rs 9 lakh crore boost for economy

PSU banks will get Rs 2.11 lakh crore capital to increase lending; Rs 6.92 lakh crore for 83,677-km new road, highway infrastructure.

25 Oct 2017 12:36 AM

Finance Minister Arun Jaitley. (Photo: Twitter/ANI)

Govt approves Rs 2.11 lakh crore recapitalisation package for PSU banks

Fin Min says recapitalisation programme is essential to increase public spending on infrastructure.

24 Oct 2017 6:06 PM

Mergers of PSU banks should be done only after balance sheets are cleaned up, said former RBI governor Raghuram Rajan. Photo: AFP

PSU bank mergers should be done after balance sheet clean up: Raghuram Rajan

Rajan also suggested that decisions need to be made by those who understand the banking system.

12 Sep 2017 4:52 PM

Merged entity began operation with deposit base of more than Rs 26 lakh crore and advances level of Rs 18.50 lakh crore.

'Govt ready to provide capital support for PSU banks' merger'

State-owned banks are grappling with Rs 6 lakh crore worth of non-performing assets or bad loans.

27 Aug 2017 2:12 PM

The Indian Banks' Association had already informed customers that functioning of branches and offices may take a hit if the strike takes off. (Photo: PTI/File)

PSU bank employees go on strike; services hit

The strike has been called by all unions under the aegis of the United Forum of Bank Unions (UFBU).

22 Aug 2017 11:06 AM

2 of 3

Columns

Sanjeev Ahluwalia