PSB

Rs 32,000 crore-worth fraud cases hit 18 PSBs in Q1

Rs 32,000 crore-worth fraud cases hit 18 PSBs in Q1

State Bank of India (SBI) remained the biggest prey to frauds with 38 per cent share, Neemuch-based activist Chandrashekhar Gaur said quo...Read More

Stairway to recession free economy

Stairway to recession free economy

The Government has recently merged 10 Public Sector Banks (PSBs) into four larger PSBs in order to improve their efficiency. This step is...Read More

Will the big bank theory really work?

Will the big bank theory really work?

Can merely merging 10 banks by dumping six financially tottering banks on four relatively viable ones make the four banks stronger or wea...Read More

Govt infused over Rs 3.15 lakh crore into PSBs between FY09 and FY19

Govt infused over Rs 3.15 lakh crore into PSBs between FY09 and FY19

As on March 31, 2019, all 18 PSBs meet this minimum CRAR requirement

Govt to provide credit guarantee to PSBs to buy NBFC assets

Govt to provide credit guarantee to PSBs to buy NBFC assets

FM said NBFCs are playing an important role in sustaining credit demand and maintaining capital formation in small and medium industrial ...Read More

‘Excess RBI cap must be used to recapitalise PSBs’

‘Excess RBI cap must be used to recapitalise PSBs’

The Bimal Jalan panel may recommend transferring up to Rs 3 lakh crore of excess Reserve Bank capital to the government and the money sho...Read More

First action point for the government: Financial Sector

First action point for the government: Financial Sector

The country is definitely going through challenging times on the economic front. While issues in the real sector such as growth, consumpt...Read More

Fund infusion into PSBs not sufficient to support lending growth: Fitch

Fund infusion into PSBs not sufficient to support lending growth: Fitch

New Delhi: Fitch Ratings on Wednesday said government’s USD 7 billion (around Rs 48,000 crore) fund infusion into public sector banks (PS...Read More

PSB shares up 19 percent on fund infusion plan

PSB shares up 19 percent on fund infusion plan

MUMBAI: Shares of PSBs jumped up to 19%, Thursday after the Finance Ministry announced infusion of Rs 48,239 crore in 12 such lenders in ...Read More

Public sector banks zoom up to 19% on fund infusion plan

Public sector banks zoom up to 19% on fund infusion plan

New Delhi: Shares of public sector banks (PSBs) jumped up to 19 per cent today after the finance ministry announced infusion of Rs 48,239...Read More

PSB dud loans fall by Rs 23,000 cr in H1

PSB dud loans fall by Rs 23,000 cr in H1

NEW DELHI: Various initiatives taken by the government have yielded results, with the bad loans of PSBs declining by over Rs 23,000 crore...Read More

ED blocked my efforts to settle loans with banks, says Vijay Mallya

ED blocked my efforts to settle loans with banks, says Vijay Mallya

Mumbai: Vijay Mallya, in his reply to the Enforcement Directorate’s (ED) plea to declare him fugitive under the new Fugitive Economic Off...Read More

RBI needs more powers to oversee public sector banks: Governor to panel

RBI needs more powers to oversee public sector banks: Governor to panel

New Delhi: The Reserve Bank needs more powers to oversee public sector banks (PSBs), Governor Urjit Patel told a parliamentary panel toda...Read More

Finance Ministry gives 15-day deadline to PSBs for identifying risks

Finance Ministry gives 15-day deadline to PSBs for identifying risks

New Delhi: Financial Services Secretary Rajiv Kumar said today that public sector banks (PSBs) have been given a 15-day deadline to take ...Read More

RBI puts 4 PSBs under watch over asset quality concerns

RBI puts 4 PSBs under watch over asset quality concerns

The PSBs have been advised by Finance Min  and the RBI to improve their financials, look for options for capital infusion and create  a s...Read More

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Finmin finalising fund infusion for PSBs; to exceed `25K crore

Banks have already made a case for higher capital infusion and it is reflected in their demand sent to the ministry, sources added

Jaitley to meet heads of PSU banks on Sep 16

Jaitley to meet heads of PSU banks on Sep 16

New Delhi – Amidst mounting bad loans, Finance Minister Arun Jaitley will hold a meeting with the heads of public sector banks on Septemb...Read More

Fin min to clear 1st tranche of capital infusion in PSBs soon

Fin min to clear 1st tranche of capital infusion in PSBs soon

The government has made Budget provision of Rs 25,000 crore capital infusion in public sector banks for the current fiscal

Consolidation in Indian banking sector risky: Moody’s

Consolidation in Indian banking sector risky: Moody’s

Chennai: The multiple downside risks in the proposed consolidation in the Indian public sector banking (PSB) space far outweighs the pote...Read More

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Budget credit negative for PSBs: Moody’s

New Delhi: Moody’s Investors Service today said the Budget for 2016-17 is “credit negative” for PSU banks as the capital infusion road ma...Read More

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