Public Sector Banks,

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

PSBs profitability and RoA to be low in current financial year: ICRA

PSBs profitability and RoA to be low in current financial year: ICRA

New Delhi: Rating agency ICRA on Wednesday said profitability and return on assets (RoA) of public sector banks (PSBs) are likely to rema...Read More

Bank unions defer 2-day strike; operations to be normal on September 26-27

Bank unions defer 2-day strike; operations to be normal on September 26-27

New Delhi: Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretar...Read More

Nirmala Sitharaman to meet heads of public sector banks in Delhi today

Nirmala Sitharaman to meet heads of public sector banks in Delhi today

The government last month announced the merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks

Stairway to recession free economy

Stairway to recession free economy

The Government has recently merged 10 Public Sector Banks (PSBs) into four larger PSBs in order to improve their efficiency. This step is...Read More

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.

Nirmala Sitharaman announces slew of governance reforms for Public Sector Banks

Nirmala Sitharaman announces slew of governance reforms for Public Sector Banks

To enable a succession planning, the boards would decide on a system of individual plans for all senior executive positions

Mega Public Sector Banks merger: 10 banks amalgamated into 4-entities

Mega Public Sector Banks merger: 10 banks amalgamated into 4-entities

Finance Minister further said that the Bank of India and Central Bank of India would remain independent

Public Sector Banks gross NPAs down to Rs 7.9 lakh crore: Nirmala Sitharaman

Public Sector Banks gross NPAs down to Rs 7.9 lakh crore: Nirmala Sitharaman

Sitharaman said liquidity support to NBFCs and housing finance companies has improved as the partial credit guarantee scheme has been exe...Read More

India bonds rally in absence of large fiscal stimulus

India bonds rally in absence of large fiscal stimulus

A slide in oil prices and in US Treasury yields, saw sovereign bonds in India rallying on Monday after the Centre restrained itself from ...Read More

Central Vigilance Commission sets up panel to examine bank fraud above Rs 50 crore

Central Vigilance Commission sets up panel to examine bank fraud above Rs 50 crore

The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) headed by former Vigilance Commissioner T...Read More

Allahabad Bank MD and CEO Ch S S Mallikarjuna Rao: NBFCs hurt by asset-liabilities mismatch

Allahabad Bank MD and CEO Ch S S Mallikarjuna Rao: NBFCs hurt by asset-liabilities mismatch

A few days ago, Ch S S Mallikarjuna Rao, MD and CEO, Allahabad Bank, was in Mumbai to participate in the two-day consultative discussion....Read More

Recapitalisation of public sector banks disappearing into quicksand: Ind-Ra

Recapitalisation of public sector banks disappearing into quicksand: Ind-Ra

The Fitch Group company said it is time to re-evaluate the objectives of PSBs and their role in Indian economy

Rs 70K cr for PSBs

Rs 70K cr for PSBs

Finance Minister Nirmala Sitharaman on Friday announced that Rs 70,000 crore would be given to the public sector banks to boost their cap...Read More

Union Budget earmarks Rs 70,000 crore for public sector banks: FM

Union Budget earmarks Rs 70,000 crore for public sector banks: FM

Nirmala Sitharaman said that public sector banks will use technology for enabling the customer of one PSB to access service across all PS...Read More

PSBs recover Rs 1.2 lakh crore from bad loans in 2018-19

PSBs recover Rs 1.2 lakh crore from bad loans in 2018-19

New Delhi: Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, pr...Read More

Andhra Bank, Allahabad Bank, OBC likely to merge with PNB

Andhra Bank, Allahabad Bank, OBC likely to merge with PNB

Mumbai: In a move to further consolidate the public sector banks, Punjab National Bank (PNB) could take control of two or three small sta...Read More

Finance Ministry may seek relaxation in PSB promoter stake norms

Finance Ministry may seek relaxation in PSB promoter stake norms

New Delhi: With an aim to enable the further recapitalisation of public sector banks (PSBs), the Finance Ministry may seek a relaxation f...Read More

Jet Airways stake sale may hit SOEC hurdle

Jet Airways stake sale may hit SOEC hurdle

New Delhi: The stake sale process for the grounded Jet Airways could hit the “substantial ownership and effective control” clause of the ...Read More

Free Press Journal

www.freepressjournal.in