Public Sector Banks | The Asian Age

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West Bengal Chief Minister Mamata Banerjee slammed the Government on disclosure of Rs 2.41 lakh-crore loans written off by PSU banks. (Photo: PTI | File)

PSBs wrote off Rs 2.41 lakh Cr loans in over 3 yrs: Mamata Banerjee criticises Govt

PSU banks wrote off Rs 2.41 lakh-crore loans in over 3 yrs, Government informed Parliament on Tuesday.

04 Apr 2018 11:53 AM

PSBs wrote off Rs 2.41 lakh crore loans in over 3 years

The Rajya Sabha was informed on Tuesday.

03 Apr 2018 7:42 PM

Above measure assumes significance for cases where big and wilful defaulters of bank loans flee the country smelling action against them to repay their dues. (Photo: Representational/PTI)

PSBs asked to get passport details for loans of Rs 50 cr and above: Govt

In Oct 2017, govt announced recapitalisation of PSBs to tune of Rs 2.11 lakh cr over current and next financial year.

29 Mar 2018 12:00 PM

Banks Bureau Board should be made really effective in selecting CEO, their compensation, their performance evaluation and also appointment of independent board members.

PSBs privatisation not answer, empower boards: Industry figures

India's savings rate also is very high and PSBs provide the required safety net and comfort for savers.

26 Mar 2018 2:10 PM

Recapitalisation of the public sector banking will help the banks make large haircuts on delinquent loans while still meeting the regulatory capital requirements. (Photo: File)

Banking sector could witness turnaround in FY20: S&P

Demonetisation and GST implementation hurdles and continuing global recovery provide the stimuli to the country's trade and GDP growth

21 Mar 2018 5:29 PM

All chief technical officers and chief risk officers of PSBs are participating in a workshop here, which is coordinated by SBI on issues of Operational and Technological Risk Management. (Photo: PTI)

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.

15 Mar 2018 3:54 PM

The ministry said that the write-off does not benefit borrowers.

PSBs wrote off Rs 28,781 crore in FY18

It said that the amounts written off (including through compromise) by PSBs were Rs 27,231 crore during FY13.

14 Mar 2018 1:57 AM

The amount involved for PSBs is reported as Rs 1,10,050 crore, it said.

Rs 2.30 lakh crore NPAs written off in 5 years

In the last few years the profit of Indian banks has been coming down due to write-offs and provisioning for bad debts.

10 Mar 2018 2:04 AM

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent – 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

PSBs to lose biz to private banks

Industry experts believe that the higher non performing assets (NPA) coupled with several instances of loan frauds.

03 Mar 2018 2:43 AM

Finance ministry has directed PSBs to probe all non performing asset (NPA) or bad loan accounts. (Photo: PTI/File)

PSBs' probing NPAs of over Rs 50 crore to cleanse the system: Ficci

PSBs should strengthen their risk management practices with an immediate sense of urgency.

28 Feb 2018 4:07 PM

NPLs have increased at an alarming rate in recent years, with the current NPL slippage ratio in India almost double that in FY 2014-15 (IMF 2017b).

India growth has slowed due to structural economic reforms: US

RBI predicts that gross NPLs as a proportion of all loans will increase to 10.8 per cent in first quarter of 2018.

22 Feb 2018 1:46 PM

The committee of directors for capital raising at a meeting held on Friday approved the issue price.

SBI to issue shares to govt for Rs 8,800 cr capital infusion

SBI will issue 29,25,33,741 shares on a preferential basis to government at price of Rs 300.82 per share.

17 Feb 2018 10:23 AM

Bank of India reported the second steepest loss at Rs 2,341 crore.

Public sector banks report Rs 19,000 crore loss

The total losses reported by 16 public sector banks amount to Rs 18,947 crore.

15 Feb 2018 2:14 AM

The quantum of gross NPAs moved up to 9.45 per cent as of December from 8.34 per cent a year ago.

Lead by PSBs, NPAs soar 34.5 pc in Q3; pain to linger on: report

PSBs had a weaker performance on various indicators, including key parameter of NPAs and also profitability.

13 Feb 2018 5:26 PM

Last year, govt had given more powers to the RBI to push banks to deal with NPAs or bad loans. (Photo: AFP)

RBI's new norms to speed up resolution of stressed assets

Gross NPAs of public sector and private sector banks as on Sept 30, 2017 were Rs 7,33,974 cr, Rs 1,02,808 cr respectively.

13 Feb 2018 4:33 PM

The gross dud assets ratio jumped from 7.23 per cent to cross the double digits mark at 10.35 per cent during the quarter under review.

Potential stressed asset accounts on decline: report

For public banks, overall SMA book has declined to 5.3 per cent of loans in second quarter of 2017-18.

12 Feb 2018 2:35 PM

Govt has unveiled a Rs 2.11 lakh crore capital infusion plan for the PSBs, including via bonds, in the next two years.

SBI wrote off bad loans worth over Rs 20,000 cr last fiscal

PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.

12 Feb 2018 12:01 PM

Rating agency has maintained a stable outlook on private sector banks and large public sector banks (PSBs) for FY19.

PSBs need Rs 2.06 trillion capital for 8-9 pc credit growth in FY19

The recapitalisation amount from the government will go towards sustaining the banks.

08 Feb 2018 5:56 PM

The bonds with maturity date on January 29, 2028 will have a coupon rate of 7.35 per cent.

Govt fixes rates up to 7.68 pc for recap bonds with 6 maturities

A total of Rs 80,000 crore will be infused in state-owned banks through the bonds this year.

31 Jan 2018 4:44 PM

Translating this potential into an actual investment rebound will depend on the resolution and recapitalisation process. (Photo: PTI)

Private investment to rise with NPA resolution, PSBs recap

Govt announced a large recapitalisation package of about 1.2 pc of GDP to strengthen balance sheets of PSBs.

29 Jan 2018 3:24 PM

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Aakar Patel