Public sector Bank

It is not good to rely on so many public sector banks, says ex-RBI deputy Viral Acharya at ‘The Future of Banking’ webinar

It is not good to rely on so many public sector banks, says ex-RBI deputy Viral Acharya at ‘The Future of Banking’ webinar

Embedded finance through platforms like Swiggy or Flipkart or Amazon among others are way forward. But when such enabling technologies co...Read More

Budget 2021: Government could recapitalise PSBs through recap bonds in the range of Rs 35,000 – Rs 50,000 crore

Budget 2021: Government could recapitalise PSBs through recap bonds in the range of Rs 35,000 – Rs 50,000 crore

The COVID-19 pandemic has had a mixed impact on the banking sector with the finances reflecting robust profitability amidst lower provisi...Read More

Extend credit in sachets to help overcome recapitalisation challenge: Acharya to PSBs

Extend credit in sachets to help overcome recapitalisation challenge: Acharya to PSBs

Acharya further said that re-privatisation of the lenders is necessary to help reduce the recapitalisation burden, and stressed that publ...Read More

More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers

More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers

According to a top official of a public sector bank, it is win-win for both lenders and borrowers.

PSBs need Rs 2.1 trillion capital support over next 2 years: Moody's

PSBs need Rs 2.1 trillion capital support over next 2 years: Moody's

Public sector banks will need external capital of up to Rs 2.1 trillion over the next two years and the most likely source to plug this s...Read More

Defer avoidable expenditure, reduce costs: Govt tells public sector banks

Defer avoidable expenditure, reduce costs: Govt tells public sector banks

The Department of Financial Services (DFS) said it was necessary that the banks take appropriate measures to ensure productive use of the...Read More

Govt unlikely to go for privatisation of PSBs this fiscal

Govt unlikely to go for privatisation of PSBs this fiscal

At present, four public sector banks are under the RBI's Prompt Corrective Action (PCA) framework, which puts several restrictions on the...Read More

SC asks DoT to reconsider Rs 4 lakh cr claim on PSUs, says demand impermissible

SC asks DoT to reconsider Rs 4 lakh cr claim on PSUs, says demand impermissible

The apex court also asked telecom companies, including Bharti Airtel and Vodafone Idea Ltd, to file affidavit explaining the time needed ...Read More

PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report

PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report

The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in ...Read More

'Banks may need to report HDIL's dues, provisioning status'

'Banks may need to report HDIL's dues, provisioning status'

New Delhi: Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as n...Read More

IBPS Clerk  2019 notification for 12074 vacanies released. Here's all you need to know about the examination!

IBPS Clerk 2019 notification for 12074 vacanies released. Here's all you need to know about the examination!

The registration procedure starts from 17th September on the official website of IBPS. and application forms would be available till 9th ...Read More

PSB stocks plunge up to 9.3 percent post-merger announcement

PSB stocks plunge up to 9.3 percent post-merger announcement

PNB has been inherently weak and the merger could further aggravate and prolong the pain

PSBs to submit future roadmap to FinMin in September

PSBs to submit future roadmap to FinMin in September

Over the weekend (Saturday and Sunday), all public sector banks (PSBs) indulged in grass root level discussions. All the regional offices...Read More

‘government steps to aid NBFC fund flow a short term relief’

‘government steps to aid NBFC fund flow a short term relief’

The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pr...Read More

Higher provisioning to push Public Sector Banks into red

Higher provisioning to push Public Sector Banks into red

Mumbai : Elevated provisioning for stressed loans may keep most public sector banks in the red in the current financial year and may also...Read More

Fraud in Non Performing Assets to land Public Sector Bank chiefs in trouble

Fraud in Non Performing Assets to land Public Sector Bank chiefs in trouble

New Delhi : In a stern warning to bankers, the Finance Ministry has asked chief executives of public sector banks (PSBs) to check all NPA...Read More

NPA: Missing sense of urgency

NPA: Missing sense of urgency

The largest public sector bank and the largest private sector bank have announced losses for the first quarter (Q1) of the financial year...Read More

Cash crunch could be superficial, says SBI

Cash crunch could be superficial, says SBI

New Delhi: The State Bank of India (SBI) on Thursday said that the current and sudden surge in Currency in Circulation (CIC) could be sup...Read More

BBB seeks wider  mandate from govt

BBB seeks wider  mandate from govt

New Delhi : Expressing displeasure over lack of communication between Banks Board Bureau (BBB) and the finance ministry, Vinod Rai, forme...Read More

Congress latches on to the Modi name

Congress latches on to the Modi name

The only two things Prime Minister Narendra Modi and Nirav Modi — the businessman now at the centre of a huge scam involving a public sec...Read More

Free Press Journal

www.freepressjournal.in