Public Sector Banks | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 11:41 AM IST

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Finance Minister Arun Jaitley. (Photo: PTI)

7 PSU banks set to get Rs 28,615 crore lifeline in 4 days

Of the 7 state-owned banks, Bank of India may get the highest amount of Rs 10,086 crore.

28 Dec 2018 11:21 AM

Finance ministry increases bank recap fund by Rs 35,000cr

This would enable infusion of over Rs 83,000 crore in the next few months in Public Sector Banks (PSBs), said a finance ministry official.

21 Dec 2018 1:02 AM

Govt would give funds to four to five banks under a prompt corrective action plan after considering their financial results.

State banks recover USD 8.69 billion of bad loans in April-September

Banks have raised 244.4 billion rupees from the market this fiscal year.

20 Dec 2018 5:45 PM

During 2014-15 to 2017-18, the PSBs witnessed reduction in their NPAs due to write-offs (including compromise) to the tune of Rs 3,16,515 crore. (Photo: PTI)

PSBs recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Minister

Write-offs of NPAs is a regular exercise of the banks to clean up their balance sheet, tax benefit and capital optimisation.

14 Dec 2018 5:57 PM

Former RBI Governor Raghuram Rajan. (Photo: PTI)

Privatisation of PSBs not panacea; need to cut govt mandates for PSBs: Rajan

Banking system is overburdened with non-performing loans and there is a need to adequately professionalise boards of PSBs.

14 Dec 2018 5:07 PM

Reduce number, weight of government mandates for PSBs: Rajan

PSBs still not adequately professionalised and there is a need to substantially improve risk management.

14 Dec 2018 10:03 AM

RBI Governor Shaktikanta Das. (Photo: File | PTI)

Will try to uphold credibilty and autonomy of RBI: Shaktikanta Das

Das ensured that he would take adequate measures which the economy requires in a timely manner.

12 Dec 2018 4:54 PM

According to the plan, the PSBs were to get Rs 1.35 lakh crore through recapitalisation bonds, and the balance Rs 58,000 crore through capital raised from the market. (Photo: PTI).

No additional recapitalisation in PSBs beyond Rs 65,000 crore in FY19

The government has already infused about Rs 82,000 crore through bonds.

28 Nov 2018 10:47 AM

RBI Governor Urjit Patel appears before parliamentary panel

RBI Governor appeared to brief on demonetisation and NPA situation in the public sector banks.

27 Nov 2018 2:23 PM

The government believes that various measures taken by the government, including implementation of Insolvency and Bankruptcy Code (IBC), have yielded good results in terms of reining bad loans and increasing recovery, said sources.

Finance Ministry hopeful about public sector banks

Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders.

26 Nov 2018 7:38 AM

Almost all 21 PSBs, particularly the 11 banks currently under the Reserve Bank’s prompt corrective action (PCA) framework

Final round of capital infusion in Dec to help banks lend more

Banks, which have been part of recent mergers, will also receive capital from the govt

21 Nov 2018 11:24 AM

Decision to restructure stressed MSME loans of up to Rs 25 cr also has the potential for having negative implications for the credit profiles of Indian banks.

RBI decision to extend timeline for banks to meet capital norms 'credit negative': Moody's

The RBI board decided to retain the capital adequacy requirement for banks at 9 per cent.

20 Nov 2018 12:08 PM

RBI governor unlikely to resign, may tweak PCA norms

The government has so far agreed almost all issues relating RBI-government tussle.

14 Nov 2018 10:12 AM

State Bank of India Chairman Rajnish Kumar.

Indian banks on top of situation over NPA problem: SBI Chairman

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of the banks and the financial creditors.

29 Oct 2018 11:57 AM

Ruling out possibility of inorganic expansion, Punjab National Bank Managing Director Sunil Mehta said the bank is currently focussed on internal consolidation and making it financially healthy.

Amalgamation not on cards; focus on internal consolidation: PNB MD

Post-merger, the asset size of the new entity would be over Rs 14.5 lakh crore.

07 Oct 2018 12:09 PM

Jaitley defends loan write-offs; says they don't lead to waiver

The country's 21 state-owned banks wrote-off Rs 3.16 lakh crore of loans in four years of the BJP govt.

02 Oct 2018 9:16 AM

Finance Minister Arun Jaitley will meet the heads of public sectors banks (PSBs) tomorrow as part of the annual financial performance review exercise. (Photo: ANI)

Jaitley to meet PSU banks chiefs tomorrow; to review financial performance

The finance minister will also discuss credit growth and bad loan situation.

24 Sep 2018 4:33 PM

MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by PM Narendra Modi.

10 public sector banks get new MDs, CEOs; 5 of them from SBI

Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.

20 Sep 2018 10:12 AM

Investors, sectoral experts and bankers are all now speculating the next wave in bank mergers.

Fingers crossed over next wave of bank mergers

Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.

19 Sep 2018 11:26 AM

The government expects state-run banks to recover Rs 1.5 lakh core of bad debt during the current financial year.

PSBs put up Rs 8,500 crore bad loans on block

State-run banks have made a total recovery of Rs 36,551 crore in the first quarter of 2018-19.

17 Sep 2018 12:38 PM

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Dilip Cherian