Public Sector Banks,

Centre may front load capital provisioning for PSBs this year

Centre may front load capital provisioning for PSBs this year

Sources said that PSBs may be provided this year just after their first quarter results before October. This would be a departure from th...Read More

Public sector banks to offer unsecured personal loan for COVID treatment, says SBI Chairman

Public sector banks to offer unsecured personal loan for COVID treatment, says SBI Chairman

State Bank of India, Chairman, Dinesh Khara announced that public sector banks (PSBs) will offer unsecured personal loan for COVID treat...Read More

Governor Das asks public sector banks  to quickly implement measures announced by RBI

Governor Das asks public sector banks to quickly implement measures announced by RBI

RBI Governor Shaktikanta Das on Wednesday asked state-owned banks to quickly implement measures announced by the central bank recently in...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.

CBI searches 100 locations across India in 30 bank fraud cases

CBI searches 100 locations across India in 30 bank fraud cases

A CBI spokesperson here said that the searches are part of a special drive to book the fraudusters on the complaints received from diffe...Read More

Discussion on privatisation of public sector banks is on with centre, says RBI Governor Shaktikanta Das

Discussion on privatisation of public sector banks is on with centre, says RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the centre and RBI are engaging with each other on privatisation of publi...Read More

After FM Nirmala Sitharaman says cannot run (banks) efficiently, #FMResign trends on Twitter

After FM Nirmala Sitharaman says cannot run (banks) efficiently, #FMResign trends on Twitter

For a while now, the government; and the public sector banks’ employees along with the Unions have been at loggerheads over privatisation...Read More

Banking services in Maharashtra hit as 40,000 bank employees, officers join two-day strike

Banking services in Maharashtra hit as 40,000 bank employees, officers join two-day strike

Banking services in the state got affected on Monday as around 40,000 bank employees and officers have gone on a two-day strike to protes...Read More

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium en...Read More

PSBs report frauds worth over Rs 19,964 cr in Apr-Jun, says RBI

PSBs report frauds worth over Rs 19,964 cr in Apr-Jun, says RBI

The country's largest lender State Bank of India (SBI) saw the highest number of fraud cases; however, Bank of India was the worst hit i...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.

Is the Centre considering privatising more public sector banks?

Is the Centre considering privatising more public sector banks?

There are preparations to bring down the number of public sector banks from 12 to 5, Reuters reported on Tuesday.Sources in the governmen...Read More

What are public sector bankers doing on Sunday? Sharing their grief over 935 days

What are public sector bankers doing on Sunday? Sharing their grief over 935 days

Over the last three years (935 days), the Public Sector Banks (PSBs) employees have not got a pay hike. Despite repeated dialogues betwee...Read More

Nirmala Sitharaman to meet CEOs of public sector banks on Monday to review credit flow amid coronavirus pandemic

Nirmala Sitharaman to meet CEOs of public sector banks on Monday to review credit flow amid coronavirus pandemic

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on ...Read More

YES Bank saga shows the weakness of Indian financial system: Moody's

YES Bank saga shows the weakness of Indian financial system: Moody's

The moratorium imposed on YES Bank and subsequent rescue has highlighted the weaknesses in the Indian government's support for stressed p...Read More

Nod to partial credit guarantee scheme for PSBs

Nod to partial credit guarantee scheme for PSBs

New Delhi: The Union Cabinet gave nod to a partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled a...Read More

Bank unions to stage dharna in front of Parliament to protest against merger of public sector banks

Bank unions to stage dharna in front of Parliament to protest against merger of public sector banks

Mumbai: Various bank unions plan to stage dharna on December 10 in front of the Parliament to protest against the government decision to ...Read More

Maharashtra: Public sector banks will follow these timings from now on

Maharashtra: Public sector banks will follow these timings from now on

From today, the public sector banks in Maharashtra will work according to their new timings. The new time table has been framed by the st...Read More

Indian public sector banks had 'worst phase' under Manmohan Singh, Raghuram Rajan:Sitharaman

Indian public sector banks had 'worst phase' under Manmohan Singh, Raghuram Rajan:Sitharaman

Sitharaman further pointed out that if there is a feeling that there's been a centralised leadership now

Congress fears cascading effect of PMC Bank on public sector banks

Congress fears cascading effect of PMC Bank on public sector banks

New Delhi: The Congress on Friday said the RBI action against the Punjab and Maharashtra Cooperative Bank of Mumbai is a systemic failure...Read More

Free Press Journal

www.freepressjournal.in