Public Sector Banks | The Asian Age

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GDP growth not as encouraging as it seems: Bajaj

Baja Auto's exports fell by over 19 per cent to Rs 7,880 crore while in US dollar terms they shrank by 23 per cent.

04 Jul 2017 1:48 PM

Former Reserve Bank of India Governor Y V Reddy.

India needs own path to implement global banking norms: Reddy

As per the scheme, PSBs need to raise Rs 1.10 lakh crore from markets, including follow-on public offer.

28 Jun 2017 4:05 PM

Banks will have to increase provisioning by another 25 per cent or Rs 40,000 core more this fiscal.

12 large NPAs: SBI chief rules out big hit on bottomlines

Total NPA provisioning of banks stood at Rs 2.2 trillion as of FY17, up from Rs 2 trillion in FY16.

28 Jun 2017 9:33 AM

About Rs 495 crore of long-term loan will come up for repayment in the current financial year.

Will repay Rs 125 cr debt to PSU bank by June-end: MTNL CMD

MTNL has also sought government aid for its high employee cost - a tab of Rs 2,800 crore.

26 Jun 2017 5:05 PM

IAC recommended for IBC reference of all accounts with fund and non-fund based outstanding amount greater than Rs 5,000 cr.

NPA resolution: PMO takes stock of progress

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh cr is on the books of PSBs.

19 Jun 2017 7:11 PM

RBI is likely to spell out detailed measures to rein in NPAs and share a possible timeline to bring them down to the acceptable level.

NPA resolution: PMO to review progress on June 19

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.

17 Jun 2017 12:47 PM

Banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).

'Essar, Bhushan Steel among 12 defaulters on insolvency list'

RBI identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 cr of outstanding loans..

17 Jun 2017 12:31 PM

Finance Ministry to name 12 loan defaulters identified by RBI

The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings.

14 Jun 2017 7:56 PM

Bank stocks rise by 7.7% due to RBI's bad loan identification

The central bank identified 12 accounts for insolvency proceedings with each having over Rs 5,000 crore of outstanding loans

14 Jun 2017 6:19 PM

Jaitley reviews NPA scenario with top bankers

Public sector banks made a stable operating profit of Rs 1.5 lakh crore in 2016-17.

12 Jun 2017 1:59 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Jaitley to review working of PSU banks, FIs on June 12

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949, last month.

09 Jun 2017 4:12 PM

Of this, the government has already infused Rs 50,000 crore in the past two fiscals and the remaining will be pumped in by the end of 2018-19.

Banks need Rs 95,000 cr capital, stressed assets to rise: Moody's

Gross Non Performing Assets or bad loans will increase to Rs 8.2 -Rs 8.5 lakh crore by the end of 2017-18.

08 Jun 2017 3:31 PM

Govt gives green signal to PSU bank merger

Finance Minister Arun Jaitley said the government is examining the possibility of consolidating some PSU banks.

06 Jun 2017 10:31 AM

Resolution of NPAs is still work in progress: Jaitley

High NPA levels also impact the capacity of the banking system to support growth.

01 Jun 2017 3:28 PM

Jaitley to review NPAs issue with banks on June 12

Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark.

26 May 2017 6:24 PM

Why SBI group banks' profit fell by Rs 11,984 crore

Five associate banks that have got merged with SBI reported losses affecting parent bank.

25 May 2017 5:19 PM

Gross non-performing assets of the public sector banks stood at Rs 6.06 lakh crore as on December 31, 2016.

RBI refuses to disclose list of loan defaulters

Apex court had stated that the RBI is supposed to uphold public interest and not the interest of individual banks.

23 May 2017 2:39 PM

This is how RBI will deal with $150-bn bad loans

Only two weeks ago, government gave central bank greater power to tame bad loans.

23 May 2017 10:44 AM

Neither the finance ministry nor the RBI has bothered to implement a section of the Banking Companies Act, which made it mandatory to appoint an officer director and an employee director on the boards of banks. (Photo: PTI/File)

Need surgery for NPA resolution, says bank officers' union

Govt issued an ordinance which empowers the RBI to ask banks to initiate insolvency proceedings to recover bad loans.

17 May 2017 9:37 AM

RBI gets more teeth to resolve banks' NPA woes; acts quickly

RBI made substantial changes in the norms and also warned banks of monetary penalty for missing NPA resolution timelines.

06 May 2017 12:50 PM

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Dilip Cherian