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Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Business

PSBs need to pass reform test for recapitalisation

Till March 31, 2018, the finance ministry disbuÂ¬rÂ¬sed Rs 88,000 crore under the plan.

9 May 2018 8:24 AM IST

Manish Patel admitted to presenting a forged Indian passport to Border Patrol agents. (Photo: Representational/PTI)

Business

PSBs asked to get passport details for loans of Rs 50 cr and above:...

In Oct 2017, govt announced recapitalisation of PSBs to tune of Rs 2.11 lakh cr over current and next financial year.

29 March 2018 12:00 PM IST

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

Business

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:15 PM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

Business

No RBI nominee should be on banks' boards, says Urjit Patel

The central bank is discussing the matter of RBI nominee director with the Finance Ministry.

12 Jun 2018 7:33 PM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Business

State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:12 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Business

State-run banks wiped out the USD 13-billion capital infusion by the...

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

1 Jun 2018 3:36 PM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

Business

Important for India to address banking crisis to support investment:...

Indian banks have made progress in addressing stock of NPAs and were taking further measures to deal with flow problem.

8 Jun 2018 9:59 AM IST

Indian Railways is not looking at more funds in the upcoming Union Budget for 2018-19 as it is focused on monetising assets within, Railway Minister Piyush Goyal said. (Photo: PTI)

Business

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

8 Jun 2018 8:52 AM IST

Business

Banks collect Rs 5,000 cr from customers for breaching minimum balance

SBI led the pack in penalising its customers for not maintaining minimum account balance.

5 Aug 2018 12:34 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Indian Bank revises interest rates on FCNR(B) deposits

For deposits of up to five years, interest rates are 4 per cent as compared to 3.93 per cent.

3 Aug 2018 9:50 AM IST

Business

'Banking sector outlook to stay negative till capital positions...

Fitch said the USD 151-billion stock of bad loans remains a risk for the sector's weak income base.

13 Aug 2018 1:29 PM IST

Business

Recap set to give banks capital relief, but stress to remain

Govt plans to provide Rs 65,000 cr of new capital for public sector banks in the year ending March 2019.

22 Aug 2018 10:21 AM IST