Public Sector Banks | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 11:34 AM IST

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7 PSU banks get new heads; MDs of PNB, BoI shifted

Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-Dec 2016-17.

06 May 2017 11:26 AM

RBI has limited or no powers when it comes to tackling bad loans.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

04 May 2017 4:53 PM

The overall fiscal tightening, capital expenditure under the budget for fiscal year 2017/18 is about 25 per cent.

India to clock 7.1 per cent GDP this year: UN report

Inflation is projected to reach 5.3-5.5 per cent in 2017 and 2018.

02 May 2017 1:16 PM

Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-December of 2016-17. (Photo: PTI/File)

Govt keen to push ahead with more PSB consolidation

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

30 Apr 2017 11:04 AM

PSBs merger could help banking system: Patel

Patel said that divestment in public sector banks would have a positive role for the sector.

25 Apr 2017 3:22 PM

The loan waivers would likely worsen the fiscal deficits and leverage levels of the state governments.

Farm loan write-offs may hurt India's economy

India's total public sector debt, as a share of gross domestic product, stands at around 66 per cent.

19 Apr 2017 12:39 PM

RBI revises PCA rules to tackle Rs 6 lakh crore bad loans

Central bank issues new set of enabling provisions under label of revised prompt corrective action framework.

14 Apr 2017 11:53 AM

The wage revision of public sector bank employees takes place every five year.

Govt asks PSBs to finalise next wage revision before Nov 1

There are 21 public sector banks, post merger of six lenders with SBI, in the country.

09 Apr 2017 12:18 PM

Public Sector Banks stare at $6 billion worth of bad assets.

Govt to help banks resolve Rs 6 lakh cr bad loans

Govt may bring in amendment in Banking Regulation Act or issue an ordinance to empower RBI.

04 Apr 2017 2:30 PM

The combined entity will have a total of 2,77,000 employees, 24,000 branches and 50 crore customers.

SBI joins global league

This will also take SBI into the league of top 50 largest banks in the world.

01 Apr 2017 3:04 AM

Minister of State for Finance Santosh Kumar Gangwar

RBI to open separate enforcement department on April 3: Gangwar

The RBI has taken various measures to deepen the corporate bond market.

31 Mar 2017 7:44 PM

In its earlier directive on March 24, the RBI had asked all authorised banks to be open on all days from March 25 to April 1.

RBI exempts banks from opening on April 1 on annual closing

Banks remain closed on April 1 every year for their annual closing of accounts.

29 Mar 2017 2:37 PM

PSBs make offer of appointment after verification of the eligibility and identity of the candidate and supporting documents. (Representational Image)

4 PSBs detect 315 cases of fake certificates for appointment

PSBs have managerial autonomy in recruitment of officers, clerical and sub-staff.

24 Mar 2017 5:40 PM

The second round of funding entailing about Rs 8,000 crore is based on strict parameters. (Photo: PTI/File)

Govt approves second tranche of capital infusion in PSU banks

Government has already announced fund infusion of Rs 22,915 crore, out of the Rs 25,000 crore earmarked for 13 PSBs.

18 Mar 2017 12:23 PM

Appointments Committee will take a final call on the issue.

Govt may shuffle heads of some PSU banks

Appointments Committee of Union Cabinet headed by Prime Minister will take a final decision on this issue.

18 Mar 2017 12:15 PM

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

Bank strike affects deals worth Rs 1 lakh crore

The UFBU is an umbrella body of 9 unions, but two of Bharatiya Mazdoor Sangh affiliates are not part of the stir.

01 Mar 2017 6:27 AM

Rs 10,000 crore was enough for banks' recap: Vinod Rai

Banks Board Bureau chief govt may also go for rights issue to inject more money into ailing banking sector.

16 Feb 2017 5:38 PM

RBI Governor Urjit Patel spe. (Photo: File)

Long-gestation projects responsible for high NPAs

RBI governor Urjit Patel says problem of NPAs was earlier also but it is only recently issue was being recognised.

11 Feb 2017 5:53 PM

The first tranche was announced with the objective of enhancing their lending operations and enabling them to raise more money from the market.

Govt to infuse Rs 10,000 cr in PSU banks in FY18

In line with the blueprint, public sector banks has been given Rs 25,000 crore in each fiscal, 2015-16 and 2016-17.

01 Feb 2017 1:04 PM

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Note ban may spike bad loans in second half of FY17

The highest level was in education loans followed by auto, consumer durables and mortgages.

31 Dec 2016 3:55 AM

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Dilip Cherian