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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)

Business

Govt aid will give capital relief to banks, but stress will remain:...

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

21 Aug 2018 2:11 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

Large banks may absorb weak ones under RBI lens

Of 21 PSBs, 11 are under prompt corrective action framework of the Reserve Bank of India.

31 Aug 2018 8:53 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Business

BSE to launch F&O contracts on Bharat-22 index from Sept 3

At present, there are over 200 securities available in the F&O segment for trade.

30 Aug 2018 1:24 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

PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs...

29 Aug 2018 3:40 PM IST

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

Business

Govt, banks may have to float USD 9 billion AMC/ARC

The government will have to infuse $26.5 billion into the state-run banks (excluding SBI) in FY19-20.

29 Aug 2018 8:35 AM IST

Business

Public sector banks plan closure of 70 overseas offices this fiscal

Public sector banks closed down 35 foreign operations last year.

26 Aug 2018 1:49 PM IST

Business

More financial scams in the offing, says West Bengal FM

Mitra said the figures were collated from the latest Financial Stability Report of RBI and in absolute terms.

24 Aug 2018 7:37 PM IST

Business

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 5:10 PM IST

Business

Banks asked to set up one platform for sale of loan defaulters' assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

12 Sept 2018 11:37 AM IST

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

Fingers crossed over next wave of bank mergers

Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.

19 Sept 2018 11:26 AM IST

The agency had retained its negative outlook on mid-sized and smaller PSBs with weak capitalisation.

Business

PSBs put up Rs 8,500 crore bad loans on block

State-run banks have made a total recovery of Rs 36,551 crore in the first quarter of 2018-19.

17 Sept 2018 12:38 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)

Business

Jaitley to meet PSU banks chiefs tomorrow; to review financial...

The finance minister will also discuss credit growth and bad loan situation.

24 Sept 2018 4:33 PM IST