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Former RBI governor Raghuram Rajan.

PSU bank mergers should be done after balance sheet clean up: Raghuram...

Rajan also suggested that decisions need to be made by those who understand the banking system.

12 Sept 2017 4:52 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

PSU banks achieved 41 per cent of crop loan target in state

Farmers from thousands of villages have been suffering due to drought and lakh of farmers have failed to get loans from...

1 Oct 2018 2:33 AM IST

The rupee finally settled at 69.89 on Tuesday, showing a modest gain of 4 paise over the previous close. (Representational image)

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely...

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through the bonds.

26 Nov 2018 3:06 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finance Ministry likely to stick to capital infusion programme for PSU...

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through recap bonds.

23 Nov 2018 5:00 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

PSU bank stocks in limelight; shares gain up to 8.5 pc

Release of next instalment of funds earmarked for bank recapitalisation proved to be a shot in arm for PSBs.

4 Jan 2018 5:34 PM IST

Fraud casts doubts on banks

Fraud casts doubts on banks

Analysts say PNB episode expands risk areas for banks; claim PSBs use faulty procedure.

16 Feb 2018 7:57 AM IST

Shaktikanta Das

PSU banks are told to lend more, create jobs

The Centre is keen to increase lending, especially to medium and small enterprises, which are the major job creators.

29 Jan 2019 1:14 AM IST

Rafale deal has protected both security and commercial interest of India. Allegations on Rafale was fiction writing that was compromising national security, Finance Minister Arun Jaitley said. (Photo: ANI)

Govt keen on merger of PSBs to create globally competitive, healthy...

Reserve Bank insisted that banks should provision for all stressed assets so that only sound banks survive.

28 Feb 2019 3:53 PM IST

One or the other is lying: Mallya raises question on Indian Banks, PM...

In an interview to a news channel, Modi had expressed satisfaction over the fact that Mallya's extradition process was...

18 April 2019 9:42 AM IST

Sensex climbed 122 points to finish the day on high

Profit booking at higher levels likely

The Sensex closed up 198 points higher at 38,871, after touching a record 39,115.57 in morning trade.

2 April 2019 6:24 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

FinMin to launch ETF with bank stocks, fin institutions this fiscal

Govt is looking at diversifying the ETF basket by including stocks public sector banks and financial institutions.

26 May 2019 10:35 AM IST

The Nifty PSU Bank Index was up 7.88 per cent, BSE Bankex and Nifty Bank indices gained 4.68 per cent and 4.45 per cent, respectively as private banks also rallied.

Short covering in PSU scrips

Analysts said PSU banks looked oversold and there was short covering, with the market sentiment turning positive as the...

21 May 2019 2:34 AM IST