PSU banks

Teji Mandi Explains: Corporate banks - a new dawn about to set in

Teji Mandi Explains: Corporate banks - a new dawn about to set in

Private corporate banks are looking to chart new growth paths for themselves after a turbulent last decade. These banks have left the wor...Read More

PSU banks sanction 95% of total loans under PM SVANidhi scheme

PSU banks sanction 95% of total loans under PM SVANidhi scheme

Public sector banks have sanctioned 95 per cent of the total loans under PM SVANidhi scheme which aims at providing street vendors loans ...Read More

Bank privatisation: Niti Aayog submits names of PSU banks to Core Group of Secretaries

Bank privatisation: Niti Aayog submits names of PSU banks to Core Group of Secretaries

Government think tank Niti Aayog has submitted to the Core Group of Secretaries on Disinvestment the finalised names of PSU banks to be p...Read More

Markets retreat sharply in volatile trade; RIL, HDFC twins among major losers

Markets retreat sharply in volatile trade; RIL, HDFC twins among major losers

The stock markets erased all the opening gains after a second session selloff led by RIL, HDFC Bank, HDFC and large cap ITs. A sharp move...Read More

SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit

SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit

The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year.

Teji Mandi: PSU Banks at forefront to revive the credit cycle

Teji Mandi: PSU Banks at forefront to revive the credit cycle

The RBI's latest financial stability report highlighted the growing distinction between PSUs and private banks. The RBI has projected tha...Read More

PSU banks got 1 crore account holder to use digital payment modes in a month

PSU banks got 1 crore account holder to use digital payment modes in a month

The finance ministry on Friday said that public sector banks (PSBs) have on-boarded about one crore customers on digital payment modes in...Read More

Privatise select PSU banks, dilute role of DFS: Former RBI Governor Raghuram Rajan

Privatise select PSU banks, dilute role of DFS: Former RBI Governor Raghuram Rajan

Former RBI Governor Raghuram Rajan on Monday suggested the government to privatise select public sector banks, set up a bad bank to deal ...Read More

Moody’s cuts five PSU banks’ ratings as slowdown worsens

Moody’s cuts five PSU banks’ ratings as slowdown worsens

The outlook on the ratings of the four banks is negative.

Teji Mandi: Three things investors should know on August 17th, 2020

Teji Mandi: Three things investors should know on August 17th, 2020

Three things to know for Teji Mandi investorsSC to continue AGR hearing:Telecom companies such as Bharti Airtel, Vodafone Idea, Reliance ...Read More

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

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