PSU Banks

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

Bad debts on a decline, loan recovery picking up of PSU banks, says Arun Jaitley

Bad debts on a decline, loan recovery picking up of PSU banks, says Arun Jaitley

New Delhi: Finance Minister Arun Jaitley Tuesday said bad debts or NPAs in the banking system are on the decline as recoveries of unpaid ...Read More

Finance Ministry approves Rs 11,336 crore capital infusion in 5 PSU Banks

Finance Ministry approves Rs 11,336 crore capital infusion in 5 PSU Banks

New Delhi: The finance ministry today approved infusion of Rs 11,336 crore in five state-owned lenders including PNB, Corporation Bank an...Read More

Public money extremely safe in PSU banks, says Piyush Goyal

Public money extremely safe in PSU banks, says Piyush Goyal

New Delhi: Public money is “extremely safe” in state-owned banks, Finance Minister Piyush Goyal said today against the backdrop of severa...Read More

Markets snap 6-day slide on value buying

Markets snap 6-day slide on value buying

Easing global trade war fears underpin stocks

The hard truth of bank recapitalization

The hard truth of bank recapitalization

The need of the hour is to understand the hard truth of recapitalisation and improve the governance of the PSU banks. At the very least, ...Read More

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PSU banks crimp advance tax mop up

The overall mop up from Mumbai was at Rs 69,000 crore, which is 11 per cent higher than a year ago period

Arun Jaitley: Fall out of Demonetisation on predicted lines

Arun Jaitley: Fall out of Demonetisation on predicted lines

New Delhi: Finance Minister Arun Jaitley today said the fallout of demonetisation was on predicted lines and the economy will benefit in ...Read More

Fin Min for extending RBI’s deadline on Basel III norms

Fin Min for extending RBI’s deadline on Basel III norms

As per the directives, banks have to maintain a minimum common equity ratio of 8 per cent and total capital ratio of 11.5 per cent by Mar...Read More

Government asks PSU banks to do forensic audit of defaulters, and, may also shuffle heads of PSU banks

Government asks PSU banks to do forensic audit of defaulters, and, may also shuffle heads of PSU banks

The government is considering a proposal to shuffle the heads of some public sector lenders, including IDBI Bank, to improve their perfor...Read More

Indore: Bank strike hits transactions over 800 crore in city

Indore: Bank strike hits transactions over 800 crore in city

Indore: Around 450 branches of 19 PSU banks in city remained closed on Tuesday in response to the nationwide strike called by United Foru...Read More

Sensex makes 102-point gain on Europe cues; ONGC leads

Sensex makes 102-point gain on Europe cues; ONGC leads

Mumbai: Domestic stocks took on more strength on positive cues from Europe as the benchmark Sensex rallied nearly 102 points to hit a thr...Read More

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