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Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

Rs 3 tln of capital infusion only helped PSBs trim losses, not drive...

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing...

9 Aug 2019 9:14 AM IST

State-owned banks in developing countries have an important socio-economic objective to meet the needs of the most vulnerable sections of the economy.

Privatise, but don't let public sector banks wither

The philosophy of social controlâ€ over banks and other financial sector institutions was being already discussed in...

8 Aug 2019 11:35 PM IST

Finance Minister Nirmala Sitharaman

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

5 Aug 2019 8:27 PM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

Sitharaman to meet heads of public and private sector banks on Monday

In the last few months, there have been signs of revival in public sector banks.

3 Aug 2019 11:24 AM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Finance Minister Sitharaman to meet CEOs of PSU banks on Friday

The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.

1 Aug 2019 10:18 AM IST

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 unions defer 2-day strike; operations to be normal on Sep 26-27

Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against merger.

24 Sept 2019 8:57 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

FinMin to hold review meeting with public sector banks today

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

19 Sept 2019 8:50 AM IST

Shares of Indian Bank were trading 9.59 per cent up at Rs 312.50 on BSE.

Indian Bank expects to complete merger with Allahabad Bank by March 31

Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.

3 Sept 2019 3:46 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Merger woes: Bank officers associations to meet in Delhi on Sept 5

All the general secretaries of all banks' officers associations will meet there and finalise the action program to...

3 Sept 2019 2:59 PM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

PSB stocks plunge up to 9.3 per cent post merger announcement

Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.

3 Sept 2019 1:11 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

2 Sept 2019 8:16 PM IST

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.

Macro data, global factors key for markets in holiday-shortened week...

Investors would also monitor other key factors such as movement of rupee, crude oil and investment trend by overseas...

1 Sept 2019 6:15 PM IST