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LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Market shows tremendous strength

The market will react to exit polls in early trade on Monday and that could set the tone for the rest of the day as...

17 May 2019 9:21 PM

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

FinMin assessing capital needs of PSBs; Budget may make provision for...

The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.

17 Jun 2019 5:47 AM

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Govt likely to provide Rs 30,000 crore to PSU banks in Budget 2019

The public sector banks would also require capital for the credit growth, which has just started picking up.

16 Jun 2019 9:57 AM

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Bank employees stage protest against Centre's decision to merge PSU...

Employees of all public and private sector banks wore black badges to work as a mark of protest to the govt's decision.

31 Aug 2019 8:49 AM

The mergers are part of the governments attempt to consolidate the public sector banks. (Photo: ANI)

Changes to expect after FM's announcements on PSU bank mergers

Finance Minister Nirmala Sitharaman said, 'We want banks with strong national presence and enhanced risk appetite.'

30 Aug 2019 1:44 PM

Telecom major Bharti Airtel fell close to 10 per cent intra-day, but recovered later posting more than 3 per cent gain.

Stocks likely to rebound

Investors will be critically looking at industrial production data and the manufacturing output numbers, followed by...

8 Sept 2019 8:02 PM

Liquidity could ease post-the budget announcement of pooled asset purchase of Rs 1 lakh crore by PSU banks, the benefits of which are expected to be visible from H2FY20.

Doubting stock market punishes PSU banks

Investors are not convinced about the ability of anchor banks to absorb their weaker partners.

3 Sept 2019 7:12 PM

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (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 5:51 AM

After government issued advisory banks have started making special arrangement for elderly and physically challenged.

PSB officers on strike, protesting merger, seeking wage hike

Around 3.20 lakh officers from various state-run banks have called for a one-day strike.

21 Dec 2018 10:35 AM

Further, a continuous push to reforms such as GST, PSU bank recapitalisation and time-bound insolvency resolution would also support the recovery, said CII.

India Inc expects recovery in demand, investment

The chamber said that out of the sectoral responses received for 70 sectors, there was a sharp increase in the sectors...

12 Aug 2018 7:02 PM

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 asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 12:02 PM

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

PSBs should have operational freedom like private players: official

There are limitations with respect to ownerships in public sector banks but those issues can be easily resolved.

24 Aug 2018 11:40 AM