Public Sector Banks | The Asian Age

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PSBs, along with the Indi¬an Banks’ Association, are in the process of launching an e-auction platform for st¬andardising details of properties to be auctioned.

Banks asked to set up one platform for sale of loan defaulters’ assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

12 Sep 2018 11:37 AM

Government has also asked the RBI to list out the banks whose operational performance has not been improved so far.

Large banks may absorb weak ones under RBI lens

Of 21 PSBs, 11 are under prompt corrective action framework of the Reserve Bank of India.

31 Aug 2018 8:53 AM

The exchange shall introduce futures and options contracts on S&P BSE Bharat-22 Index in equity derivatives segment with effect from September 3, 2018. (Photo: PTI)

BSE to launch F&O contracts on Bharat-22 index from Sept 3

At present, there are over 200 securities available in the F&O segment for trade.

30 Aug 2018 1:24 PM

The public sector banks (PSBs) had reduced their non-performing assets (NPAs) by Rs 64,106 crore in the last financial year through actual recoveries, revealed an RTI query. (Photo: PTI)

PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs 8,95,601 crore.

29 Aug 2018 3:40 PM

The court instead asked the Centre to talk to the central bank to get some relief for the petitioners using the provisions of the RBI Act within 15 days.

Govt, banks may have to float USD 9 billion AMC/ARC

The government will have to infuse $26.5 billion into the state-run banks (excluding SBI) in FY19-20.

29 Aug 2018 8:35 AM

Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise.

Public sector banks plan closure of 70 overseas offices this fiscal

Public sector banks closed down 35 foreign operations last year.

26 Aug 2018 1:49 PM

West Bengal Finance Minister Amit Mitra on Friday warned of more financial scams in the country as non performing assets (NPAs) of banks are steadily on the rise.

More financial scams in the offing, says West Bengal FM

Mitra said the figures were collated from the latest Financial Stability Report of RBI and in absolute terms.

24 Aug 2018 7:37 PM

PSU banks should have the same level of operational freedom as being enjoyed by private sector lenders in order to help them resolve their issues including bad loans, Bank of India non-executive chairman G Padmanabhan said on Friday.

PSBs should have operational freedom like private players: official

There are limitations with respect to ownerships in public sector banks but those issues can be easily resolved.

24 Aug 2018 5:10 PM

Govt support will be just enough to enable banks to satisfy regulatory capital requirements with buffers but the support may have to be increased.

Recap set to give banks capital relief, but stress to remain

Govt plans to provide Rs 65,000 cr of new capital for public sector banks in the year ending March 2019.

22 Aug 2018 10:21 AM

Moody's Investors Service on Tuesday said the government's plan to provide more capital support to public sector banks in current fiscal will restore capital adequacy and improve loan-loss coverage at many loss-making banks, but stress will persist.

Govt aid will give capital relief to banks, but stress will remain: Moody's

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

21 Aug 2018 2:11 PM

The outlook for the country's banking sector is likely to remain negative until its capital position strengthens in proportion to the bad loans and weak financial performances, according to Fitch Ratings.

'Banking sector outlook to stay negative till capital positions improve'

Fitch said the USD 151-billion stock of bad loans remains a risk for the sector's weak income base.

13 Aug 2018 1:29 PM

As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.

Banks collect Rs 5,000 cr from customers for breaching minimum balance

SBI led the pack in penalising its customers for not maintaining minimum account balance.

05 Aug 2018 12:34 PM

Interest rates for deposits of one year and above but less than two years in US dollar terms, have been fixed at 3.68 per cent as against 3.59 per cent. (Photo: PTI)

Indian Bank revises interest rates on FCNR(B) deposits

For deposits of up to five years, interest rates are 4 per cent as compared to 3.93 per cent.

03 Aug 2018 9:50 AM

Reserve Bank had launched AQR in the second half of 2015 under which its inspectors checked the books of all banks and identified bad assets.

RBI lists 240 new accounts for NPA tag

List of NPAs could be released in September quarter because a new bunch of NPAs are being reported.

31 Jul 2018 8:58 AM

The government's plan to infuse Rs 11,336 crore in five state-owned banks, including scam-hit PNB, is credit positive and will help these lenders meet the regulatory requirement, according to Moody's. (Photo: AFP)

Govt's capital infusion in 5 state-owned banks credit positive: Moody's

The Rs 11,336-crore capital infusion is part of the Rs 65,000 crore that the govt propose to infuse into the 21 public sector banks.

25 Jul 2018 2:01 PM

Government was open to giving RBI more powers to regulate PSU banks.

‘RBI has broad powers to address banking issues’

Powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks.

25 Jul 2018 8:46 AM

Govt siphons off more than the money it injects into public sector banks.

Fund infusion may not help much, say bankers

Centre infused Rs 1.29 lakh crore as capital into the banking system.

20 Jul 2018 9:19 AM

The RBI’s Quarterly Bulletin data shows while the total credit-deposit ratio at the end of December 2001 was 57 per cent, it moved to 77 per cent in 2012 but declined to 75 per cent in 2017.

RBI must set a new path for India’s troubled banks

The banks had little choice but the concede the growing demands for such write-offs due to political reasons.

19 Jul 2018 6:26 AM

Government announced Rs 2.11 lakh crore capital infusion programme in October last year. (Photo: PTI)

Rs 11,336 crore to be infused in 5 PSU banks

Out of Rs 1.35 lakh crore, the govt already infused about Rs 71,000 crore through recap bonds in banks.

18 Jul 2018 9:05 AM

LIC employee unions have said that they are against the proposal for the insurer to acquire 51 per cent stake in IDBI Bank.

LIC unions oppose acquisition of IDBI Bank by insurer

LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.

10 Jul 2018 4:17 PM

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Sunil Gatade