Friday, Mar 29, 2024 | Last Update : 12:17 PM IST

public sector banks Page-2

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

Credit demand subdued, economy needs stimulus: SBI Chairman

Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.

18 Aug 2019 5:50 PM

FinMin asks PSBs to seek ideas from branches to streamline banking sector

The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.

17 Aug 2019 11:15 AM

Banks report reduction in NPA; seek steps to address stress in NBFCs: Survey

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.

13 Aug 2019 6:35 PM

Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

12 Aug 2019 5:06 PM

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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

Privatise, but don’t let public sector banks wither

The philosophy of “social control” over banks and other financial sector institutions was being already discussed in the 1960s.

08 Aug 2019 11:35 PM

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

05 Aug 2019 8:27 PM

Sitharaman to meet heads of public and private sector banks on Monday

In the last few months, there have been signs of revival in public sector banks.

03 Aug 2019 11:24 AM

Finance Minister Sitharaman to meet CEOs of PSU banks on Friday

The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.

01 Aug 2019 10:18 AM

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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

Shaktikanta Das meets PSB heads, reiterates call for faster transmission

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

20 Jul 2019 10:54 AM

Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Sitharaman

Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.

16 Jul 2019 4:08 PM

Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector banks

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

05 Jul 2019 1:12 PM

Economic Survey: Banking sector performance improved due to fall in bad loans in 2019

The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth accelerated.

04 Jul 2019 1:06 PM

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Wilful defaults in India cross USD 21 billion in 2018-19

As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.

03 Jul 2019 9:37 AM

RBI fines 4 bank, including PNB for violation of KYC norms

RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.

03 Jul 2019 8:45 AM

2,313 frauds reported in Mudra loan accounts

Since the beginning of the scheme, over 19 crore loans have been extended under PMMY as on June 21, 2019.

01 Jul 2019 4:18 PM

Gross NPAs of banks may reduce to 8 per cent by March 2020: Report

NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.

25 Jun 2019 4:00 PM

Modi readying to sell off weak PSU banks to fund rural homes

India’s central bank and the govt is in the midst of cleaning up a banking system saddled with the world’s worst NPA ratio.

18 Jun 2019 3:28 PM

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