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Defence Minister Arun Jaitley. (Photo: PTI)

Jaitley to review working of PSU banks, FIs on June 12

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949,...

9 Jun 2017 4:12 PM IST

The RBIs asset quality review (AQR) in 2015 was an important catalyst in pushing banks to recognise some large accounts as being impaired.

Banks need Rs 95,000 cr capital, stressed assets to rise: Moody's

Gross Non Performing Assets or bad loans will increase to Rs 8.2 -Rs 8.5 lakh crore by the end of 2017-18.

8 Jun 2017 3:31 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI joins global league

This will also take SBI into the league of top 50 largest banks in the world.

1 April 2017 3:04 AM IST

Former Reserve Bank of India Governor Y V Reddy.

India needs own path to implement global banking norms: Reddy

As per the scheme, PSBs need to raise Rs 1.10 lakh crore from markets, including follow-on public offer.

28 Jun 2017 4:05 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

12 large NPAs: SBI chief rules out big hit on bottomlines

Total NPA provisioning of banks stood at Rs 2.2 trillion as of FY17, up from Rs 2 trillion in FY16.

28 Jun 2017 9:33 AM IST

In 2015-16, MTNL reported a total annual revenue of Rs 3,197.41 crore and net loss of Rs 2,005.72 crore.

Will repay Rs 125 cr debt to PSU bank by June-end: MTNL CMD

MTNL has also sought government aid for its high employee cost - a tab of Rs 2,800 crore.

26 Jun 2017 5:05 PM IST

India, which is worlds second-biggest wheat producer, is looking to hinder wheat imports at a time when farmers are harvesting their crops.

Farm loan write-offs may hurt India's economy

India's total public sector debt, as a share of gross domestic product, stands at around 66 per cent.

19 April 2017 12:39 PM IST

Panic among people during the initial days (of demonetisation) had led customers rushing to banks and deposit their money. (Photo: Representational Image/PTI)

Govt to infuse Rs 10,000 cr in PSU banks in FY18

In line with the blueprint, public sector banks has been given Rs 25,000 crore in each fiscal, 2015-16 and 2016-17.

1 Feb 2017 1:04 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Long-gestation projects responsible for high NPAs

RBI governor Urjit Patel says problem of NPAs was earlier also but it is only recently issue was being recognised.

11 Feb 2017 5:53 PM IST

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

PSBs merger could help banking system: Patel

Patel said that divestment in public sector banks would have a positive role for the sector.

25 April 2017 3:22 PM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Reforms to tag along with recap, says RBI

Patel informed that the RBI is working closely with the government to finalise the extend of funding to be raised by...

7 Dec 2017 1:24 AM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPA resolution: PMO takes stock of progress

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh cr is on the books of PSBs.

19 Jun 2017 7:11 PM IST