Wednesday, Oct 28, 2020 | Last Update : 11:48 PM IST

public sector banks

Public sector banks will need Rs 2.1 lakh crore to plug capital shortfalls: Moody's

Moody's base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in fiscal 2021

21 Aug 2020 2:06 PM

PSB merger: Insurers told to service all policies

A bank can continue to buy group insurance covers with any number of insurance companies for the insurance needs of its customers.

29 Jan 2020 1:40 AM

Key positions in SBI, BoB await govt okay

Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other public sector banks.

20 Jan 2020 1:44 AM

Public sector banks disburse Rs 4.91 lakh cr loan during Oct-Nov

Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.

03 Dec 2019 7:40 PM

Not through bonds, only cash, says Rangarajan on banks recapitalisation

The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.

29 Nov 2019 3:27 PM

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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

Bank unions defer 2-day strike; operations to be normal on Sep 26-27

Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against merger.

24 Sep 2019 8:57 AM

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

Indian Bank expects to complete merger with Allahabad Bank by March 31

Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.

03 Sep 2019 3:46 PM

Merger woes: Bank officers associations to meet in Delhi on Sept 5

All the general secretaries of all banks' officers associations will meet there and finalise the action program to oppose the merger.

03 Sep 2019 2:59 PM

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PSB stocks plunge up to 9.3 per cent post merger announcement

Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.

03 Sep 2019 1:11 PM

PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

02 Sep 2019 8:16 PM

Macro data, global factors key for markets in holiday-shortened week ahead: Experts

Investors would also monitor other key factors such as movement of rupee, crude oil and investment trend by overseas investors.

01 Sep 2019 6:15 PM

There will not be single job loss due to merger of banks: FM

I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala Sitharaman.

01 Sep 2019 4:55 PM

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

The merger of PSBs is imperative for India to become a five trillion dollar economy in the next five years.

31 Aug 2019 12:24 PM

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Banks merger reflects govt resolve to address economic slowdown: India Inc

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

31 Aug 2019 11:08 AM

Govt unveils mega-mergers of PSU banks for economy boost

Number of public sector banks falls to 12, from 27 in 2017.

31 Aug 2019 1:46 AM

From 27 to 12, Finance Minister announces mega PSU bank mergers

Non-performing assets have also been brought down from Rs 8.65 lakh crore to Rs 7.9 lakh crore.

30 Aug 2019 4:55 PM

FM likely to announce more support measures for economy: DBS

The June quarter GDP numbers due this week will mark a slowdown from March quarter's 5.8 per cent year-on-year.

26 Aug 2019 2:54 PM

Banks Board Bureau invites applications for top posts of 4 big PSU banks

The appointments will be for three years.

20 Aug 2019 3:26 PM

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