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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.

10 public sector banks get new MDs, CEOs; 5 of them from SBI

Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.

20 Sept 2018 10:12 AM IST

Finance Minister Arun Jaitley with minister for social justice and empowerment Thawar Chand Gehlot after a meeting in New Delhi on Wednesday. (Photo: PTI)

Cabinet nod for merger of PSBs

The decision would facilitate consolidation among the Nationalised Banks to create strong and competitive banks, a...

24 Aug 2017 3:39 AM IST

Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley briefs a press conference after a Cabinet meeting in New Delhi. (Photo: AP)

Cabinet clears 'Alternative Mechanism' to oversee bank mergers

The decision to set up the AM follows SBI merging its five associate banks, as also the Bharatiya Mahila Bank, with...

23 Aug 2017 7:09 PM IST

Punjab National Bank (PNB) is also among probable names for consolidation. (Photo: Representational/PTI)

'Ailing' PSU banks get Cabinet nod for consolidation

Consolidated bad loans or non-performing assets of these banks stand at Rs 8-11 lakh crore.

23 Aug 2017 3:52 PM IST

State Bank chairperson Arundhati Bhattacharya

SBI chief says mergers can reduce PSBs' need for govt capital

Merger of the state-run banks should open up more capital generation avenues, both internally and from market.

23 Aug 2017 10:28 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

'Sans fund infusion, PSB mergers won't improve capitalisation'

Govt owns majority stakes in 21 banks and merger of some of them is being considered for broader economic revival.

28 Aug 2017 1:46 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Govt notifies changes in Banking Regulation Act

The banking sector is saddled with NPAs of over Rs 8 lakh crore of which Rs 6 lakh crore PSBs.

27 Aug 2017 2:06 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

PSU banks take recovery action against 5,954 wilful defaulters

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore.

27 Aug 2017 1:15 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI cuts key rate by 0.25 per cent; to lower home, auto EMIs

This is the first rate cut since October 2016 and the interest rate is now at 6-year low.

2 Aug 2017 3:01 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

PSU banks need Rs 1.9 lakh cr capital by March 2019: S&P

Public sector banks will need substantial capital to make large haircuts on loans to unviable stressed projects.

1 Aug 2017 6:53 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

12 PSU bank plan to raise funds from markets to meet Basel III norms

Public sector banks need to raise Rs 1.10 triillion from markets, including follow-on public offer, to meet Basel III...

6 Aug 2017 4:30 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Govt likely to help PSBs meet AT1 coupon bonds coupon payments

If access to AT1 market weakens, it could escalate costs of recapitalisation of state-run banks for government.

16 Aug 2017 2:59 PM IST