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The ministry of home affairs (MHA) recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs to the ministry.

PSBs to put defaulters on watch

CEO, MD given power to request for lookout notices.

23 Nov 2018 6:29 AM IST

15 of family test positive after visiting relative at hospital. (PTI Photo)

Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal,...

The rating agency said most sectors are likely to experience varying degrees of revenue contraction due to demand and...

22 May 2020 12:28 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM Nirmala Sitharaman postpones meet with PSB chiefs to later this...

The agenda also included taking stock of interest rate transmission to borrowers by banks and progress on moratorium on...

11 May 2020 10:44 AM IST

Moodys base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in fiscal 2021. (PTI Photo)

Public sector banks will need Rs 2.1 lakh crore to plug capital...

Moody's base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in...

21 Aug 2020 2:06 PM IST

Vice Chairman, NITI Aayog, Arvind Panagariya addressing a press conference on the State of Economy and achievements under NITI Aayog over the past three years, in New Delhi. (Photo: PTI)

Panagariya calls for PSBs' privatisation

Mr Panagariya was replying to a query related to the recent banking frauds, including nearly Rs 13,000 crore at PNB.

26 March 2018 12:20 AM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

PSBs to recover around Rs 1.8tr: FM

Mr Jaitley said that banks must strive to be seen always as institutions of clean and prudent lending.

26 Sept 2018 12:40 AM IST

Panic among people during the initial days (of demonetisation) had led customers rushing to banks and deposit their money. (Photo: Representational Image/PTI)

7 PSU banks get new heads; MDs of PNB, BoI shifted

Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-Dec 2016-17.

6 May 2017 11:26 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 PM IST

SBI chairperson Arundhati Bhattacharya said ATMs will start dispensing 50 and 20 rupee notes in coming days. (Photo: PTI)

Why SBI group banks' profit fell by Rs 11,984 crore

Five associate banks that have got merged with SBI reported losses affecting parent bank.

25 May 2017 5:19 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

This is how RBI will deal with $150-bn bad loans

Only two weeks ago, government gave central bank greater power to tame bad loans.

23 May 2017 10:44 AM IST

The agency had retained its negative outlook on mid-sized and smaller PSBs with weak capitalisation.

Ind-Ra reports Rs 91,000 cr for banks to sustain

This includes Rs 20,000 cr residual tranches from govt's capital infusion in public sector banks.

15 Feb 2017 6:02 PM IST

Defence Minister Arun Jaitley. (Photo: PTI)

Jaitley to review working of PSU banks, FIs on June 12

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949,...

9 Jun 2017 4:12 PM IST