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Former RBI governor Raghuram Rajan. (Photo: PTI)

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

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

14 Dec 2018 5:07 PM IST

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 IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (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 IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Bank strike may cost Rs 20,000 crore

The chamber also urged the government to come up with a stimulus plan for restoring the health of public sector banks.

31 May 2018 2:11 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Two-day bank strike from today, ATM transactions may take a hit

On 30 and 31st May, 10 lakh bank employees all over India will be on strike over the issue of wage revision.

30 May 2018 8:58 AM IST

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off. (Photo: PTI | Representational)

Banks on two-day strike from today, ATM transactions may take a hit

Withdrawal and cash deposit in the branches of public sector banks would be affected.

30 May 2018 8:17 AM IST

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

21 PSBs lost Rs 25,775 crore to frauds in FY18

RBI in its reply on May 15 did not specify details of any particular case of banking fraud.

29 May 2018 8:45 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

PSBs to lose biz to private banks

Industry experts believe that the higher non performing assets (NPA) coupled with several instances of loan frauds.

3 March 2018 2:43 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Piyush Goyal vows to clean up banking sector

Goyal was earlier this week given temporary charge of the finance ministry until Arun Jaitley recovers.

17 May 2018 2:03 PM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

PSBs privatisation not answer, empower boards: Industry figures

India's savings rate also is very high and PSBs provide the required safety net and comfort for savers.

26 March 2018 2:10 PM IST

Standard & Poors is an American financial services company. (Photo: File)

Banking sector could witness turnaround in FY20: S&P

Demonetisation and GST implementation hurdles and continuing global recovery provide the stimuli to the country's trade...

21 March 2018 5:29 PM IST

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

Bank unions threaten 2-day nation-wide strike from May 30

IBA made two unacceptable propositions including an offer of 2 per cent hike in the wage bill cost as on March 31, 2017.

11 May 2018 4:52 PM IST