PSBs

Now PSBs are in for more challenging times: AIBEA

Now PSBs are in for more challenging times: AIBEA

"Bulk of the Finance Minister's measures are related to giving more loans to various sectors. So, there will be pressure on the banks to ...Read More

Finance Minister asks banks to keep adequate liquidity at branches, ATMs

Finance Minister asks banks to keep adequate liquidity at branches, ATMs

Finance Minister Nirmala Sitharaman on Saturday had a one-to-one telephonic interaction with heads of all public sector banks and select ...Read More

PSBs NPAs stands at Rs 7.27 lakh crore

PSBs NPAs stands at Rs 7.27 lakh crore

Union Minister of State for Finance Anurag Thakur also said in Lok Sabha that scheduled commercial banks and select financial institutions

Net bank frauds rise 74%, PSBs cause over 50%

Net bank frauds rise 74%, PSBs cause over 50%

Mumbai: Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74% increase as against Rs 41,167 crore in the previous financial y...Read More

Indian PSBs had "worst phase" under Manmohan Singh, Raghuram Rajan: FM

Indian PSBs had "worst phase" under Manmohan Singh, Raghuram Rajan: FM

New York: India's public sector banks had the "worst phase" under the "combination" of former prime minister Manmohan Singh and ex-RBI go...Read More

PSBs disbursed Rs 82,000 crore retail loans in 9 days: FM Nirmala Sitharaman

PSBs disbursed Rs 82,000 crore retail loans in 9 days: FM Nirmala Sitharaman

Bill discounting is a discount/fee which a bank takes from a seller to release funds before the credit period ends.

RBI PCA: Operational curbs on these state-run banks may be lifted soon

RBI PCA: Operational curbs on these state-run banks may be lifted soon

Mumbai: State-run Corporation Bank, which is still under the Reserve Bank’s prompt corrective action (PCA) framework, on Wednesday said t...Read More

Don’t be excessively conservative for credit: RBI GUV to PSBs

Don’t be excessively conservative for credit: RBI GUV to PSBs

New Delhi: Reserve Bank of India Governor Shaktikanta Das on Monday asked banks to extend credit while observing prudential norms without...Read More

Govt empowers PSU banks to seek lookout circulars against wilful defaulters

Govt empowers PSU banks to seek lookout circulars against wilful defaulters

New Delhi: In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empow...Read More

PSBs wrote off Rs 1.20L-cr bad loans in FY18

PSBs wrote off Rs 1.20L-cr bad loans in FY18

Amount is 140% higher than lenders’ losses

NPA write-offs by PSBs surge 140 percent over their losses in FY’18

NPA write-offs by PSBs surge 140 percent over their losses in FY’18

New Delhi: Public sector banks have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half ti...Read More

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PSBs write off Rs 516-cr bad loans in H1, FY2018

New Delhi : Public sector banks (PSBs) have written off loans worth Rs 516 crore owed by wilful defaulters in the first half of the curre...Read More

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State-run banks told to consolidate ops abroad

New Delhi : The Union government has directed public sector banks (PSBs) to consolidate nearly 35 overseas operations without affecting t...Read More

NPA accounts above Rs 50 crore to be probed for fraud

NPA accounts above Rs 50 crore to be probed for fraud

Mumbai: The Finance Ministry has directed the PSBs to probe all NPA accounts of over Rs 50 crore for possible fraud and accordingly repor...Read More

More capital will push PSBs to up MSME credit, says FM

More capital will push PSBs to up MSME credit, says FM

“We  need the third engine (private investment) also to fire and a robust private sector and MSME sector so that the optimum growth rate ...Read More

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Recap to boost public sector bank stake sale: Assocham

If the banks are able to encash the capital infusion programme, they can easily raise much more than Rs 58,000 cr, Assocham said in a rep...Read More

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Alternative mechanism for banks’ merger soon

New Delhi : The government Wednesday decided to set up an Alternative Mechanism to oversee proposals for expeditious consolidation of pub...Read More

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No plans of PSBs consolidation

Centre: SBI has no plan to launch VRS post-merger with its associate banks.

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War on NPAs to speed up PSBs capital raising through FPOs

New Delhi : The government’s all out war against NPAs will help in cleaning balancesheets of state-owned banks and expedite fund raising ...Read More

By March 2019, public sector banks need equity worth `1.7 lakh crore: Assocham-Crisil

By March 2019, public sector banks need equity worth `1.7 lakh crore: Assocham-Crisil

New Delhi: The public sector banks (PSBs) will by March 2019 need equity worth Rs 1.7 lakh crore, which can turn out to be higher on an i...Read More

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