Public Sector Banks | The Asian Age

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Public sector banks are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms.

PSU banks plan to raise over Rs 50,000 crore equity capital in FY19

Leading the pack is the Central Bank of India, which has already got shareholders' approval.

08 Jul 2018 3:11 PM

The NPA in the banking sector stood at Rs 8.31 lakh crore as of December 2017.

PNB invites bids to sell 3 NPA accounts to recover over Rs 136 cr

The process of e-bidding for the sale of these accounts will happen on July 7, 2018.

06 Jul 2018 2:34 PM

Concerns were also raised about the "stagnation in lending operations" of state-owned banks during the meeting of the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily.

State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:12 PM

Public sector banks have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:15 PM

No central bank nominee should be on the boards of public sector banks (PSBs) to avoid "any conflict of interest", RBI Governor Urjit Patel on Tuesday said while briefing a parliamentary panel over Nirav Modi fraud case.

No RBI nominee should be on banks' boards, says Urjit Patel

The central bank is discussing the matter of RBI nominee director with the Finance Ministry.

12 Jun 2018 7:33 PM

PSBs recapitalisation contingent on measures to strengthen governance and operations and encourage the accelerating implementation of the ongoing reforms. (Photo: AFP)

Important for India to address banking crisis to support investment: IMF

Indian banks have made progress in addressing stock of NPAs and were taking further measures to deal with flow problem.

08 Jun 2018 9:59 AM

Stand-in Finance Minister Piyush Goyal. (Photo: PTI)

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

08 Jun 2018 8:52 AM

Losses by state-run banks have almost entirely wiped out the USD 13-billion capital infusion by the government, and the situation is unlikely to improve in the current fiscal year.

State-run banks wiped out the USD 13-billion capital infusion by the govt

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

01 Jun 2018 3:36 PM

Consequently, banking activities in public sector banks across the country have been interrupted.

Bank strike may cost Rs 20,000 crore

The chamber also urged the government to come up with a stimulus plan for restoring the health of public sector banks.

31 May 2018 2:11 AM

The latest round of wage revision for all banks is due from 1 November 2017.

Two-day bank strike from today, ATM transactions may take a hit

On 30 and 31st May, 10 lakh bank employees all over India will be on strike over the issue of wage revision.

30 May 2018 8:58 AM

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off. (Photo: PTI | Representational)

Banks on two-day strike from today, ATM transactions may take a hit

Withdrawal and cash deposit in the branches of public sector banks would be affected.

30 May 2018 8:17 AM

RBI has clarified in the RTI that only those cases of fraud, involving a sum of over Rs one lakh, were included in the list.

21 PSBs lost Rs 25,775 crore to frauds in FY18

RBI in its reply on May 15 did not specify details of any particular case of banking fraud.

29 May 2018 8:45 AM

Finance Minister Piyush Goyal on Thursday vowed to quickly put on track the banking sector, which has been marred by scandals and bad debts.

Piyush Goyal vows to clean up banking sector

Goyal was earlier this week given temporary charge of the finance ministry until Arun Jaitley recovers.

17 May 2018 2:03 PM

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Bank unions threaten 2-day nation-wide strike from May 30

IBA made two unacceptable propositions including an offer of 2 per cent hike in the wage bill cost as on March 31, 2017.

11 May 2018 4:52 PM

Under RBI’s prompt corrective action (PCA) framework, banks are under close watch due to high non-performing assets (NPAs) and negative return on assets.

PSBs need to pass reform test for recapitalisation

Till March 31, 2018, the finance ministry disbu¬r¬sed Rs 88,000 crore under the plan.

09 May 2018 8:24 AM

SBI Chairman Rajnish Kumar. (Photo: PTI)

Time not ripe for large scale privatisation of PSBs: SBI Chief

Privatisation of public sector banks (PSBs) given the current socio-economic conditions in the country.

19 Apr 2018 3:32 PM

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore

It looks to dilute stake in Coal India to meet the minimum public holding norm.

17 Apr 2018 1:10 PM

Finance ministry is also suggesting that 75 per cent of bankers agreeing to a resolution — at present it is 100 per cent.

NPA resolution may get 180 days more

Poor valuations, over-burdened NCLT may prod govt to relax time limit.

17 Apr 2018 8:41 AM

Employees unions of public sector banks have made a strong pitch for nationalisation of private sector lenders.

Time ripe to nationalise private sector banks: Unions

There are serious charges of corruption and nepotism in sanction of loans.

13 Apr 2018 2:49 PM

Bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter last fiscal.

Plans of FDI hike in PSBs on hold now

Government considering raising the FDI limit to 49 per cent for some time now.

11 Apr 2018 9:01 AM

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Mohan Guruswamy