PSU Banks

PSU Banks: Privatisation efforts are on, but hurdles are far too many

PSU Banks: Privatisation efforts are on, but hurdles are far too many

The privatization of PSU Banks appears to be the next major policy initiative for the Modi government. No PSU Bank is identified for priv...Read More

Maha govt funds to be deposited only in PSU banks: CM Uddhav Thackeray

Maha govt funds to be deposited only in PSU banks: CM Uddhav Thackeray

Pawar, also the finance minister, made the remarks in Thackeray's presence after the former presented the state's budget for 2020-21 in t...Read More

PSBs pulled up for poor branch-level services

PSBs pulled up for poor branch-level services

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday pulled up PSU banks on poor branch level connections with customers, which is...Read More

Government nod to infusing Rs 2,500 cr into 3 PSU general insurers for improving financial health

Government nod to infusing Rs 2,500 cr into 3 PSU general insurers for improving financial health

The Cabinet has allowed "immediate release of Rs 2,500 crore in the light of the critical financial position and breach of regulatory sol...Read More

Faultlines in the path of PSU privatisation

Faultlines in the path of PSU privatisation

The Economic Survey for 2019-20, on page 158 in Chapter 7 puts it on record that “PSBs are clearly not efficient today”. This is the stat...Read More

‘PSU banks may see higher profits, must tap market’

‘PSU banks may see higher profits, must tap market’

"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this...Read More

Stock market update: PSB shares rise

Stock market update: PSB shares rise

Shares of Public Sector Banks (PSBs) were trading with gains in Wednesday's morning session. Shares of Bank of India (up 0.74 per cent), ...Read More

Govt's numbers on PSU banks' loan outreach don't tally with RBI data

Govt's numbers on PSU banks' loan outreach don't tally with RBI data

However, the finance ministry's data on loan disbursals by public sector banks varies massively from the bank credit data released by the...Read More

Govt's data on PSU banks' loan outreach don't tally with RBI data

Govt's data on PSU banks' loan outreach don't tally with RBI data

New Delhi: The finance ministry on Thursday claimed public sector banks disbursed loans worth 2.53 trln rupees, including 1.52 trln rupee...Read More

PSU banks disburse record Rs 2.5 lakh crore loans in October

PSU banks disburse record Rs 2.5 lakh crore loans in October

New Delhi: As part of a government-mandated outreach programme, public sector banks disbursed a record Rs 2.5 lakh crore of loans during ...Read More

Bank unions to stage dharna before Parliament on Dec 10

Bank unions to stage dharna before Parliament on Dec 10

Mumbai: Thousands of employees of various state-run banks are planning to stage a sit-in on December 10 in front of the Parliament to pro...Read More

Told PSU banks to pass on interest rate cuts: Anurag Thakur

Told PSU banks to pass on interest rate cuts: Anurag Thakur

New Delhi: The government has asked public sector banks to pass on lower interest rates to end consumers, Minister of State for Finance A...Read More

Bank employees stage protest against Centre's decision to merge PSU banks

Bank employees stage protest against Centre's decision to merge PSU banks

Employees of all public and private sector banks wore black badges to work as a mark of protest to the government's decision

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

The merger of PSBs is imperative for India to become a five trillion dollar economy in the next five years.

Vijay Mallya accuses SBI of wasting taxpayers’ money

Vijay Mallya accuses SBI of wasting taxpayers’ money

London: Embattled liquor tycoon Vijay Mallya once again used social media to reiterate his offer to pay back the debt owed to public sect...Read More

Vijay Mallya has enough in Swiss A/C

Vijay Mallya has enough in Swiss A/C

London: Vijay Mallya has been crying himself hoarse over not getting the same assistance from PSU banks as Jet Airways’ Naresh Goel; but ...Read More

Banks in no hurry to link with repo rates

Banks in no hurry to link with repo rates

New Delhi: Public sector banks seem to be in no hurry to follow big brother SBI in linking their deposit and lending rates to the RBI’s r...Read More

Other banks soon to be out of PCA framework of RBI, says Piyush Goyal

Other banks soon to be out of PCA framework of RBI, says Piyush Goyal

New Delhi: A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goy...Read More

PSB chiefs can now seek LOCs against wilful defaulters

PSB chiefs can now seek LOCs 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

Government to infuse Rs 42,000 crore in PSU banks this fiscal

Government to infuse Rs 42,000 crore in PSU banks this fiscal

New Delhi: The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as ear...Read More

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