Public sector banks

Reserve Bank of India Governor Shaktikanta Das on Monday asked banks to extend credit while observing prudential norms without getting excessively conservative.

Finance Minister Piyush Goyal on Monday exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors and also assured these lenders of all kinds of support.

In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empowered PSU banks to request lookout circulars (LOCs) against wilful defaulters and fraudsters, officials said on Sunday.

Some of the public sector banks are likely to come out of the Prompt Corrective Action (PCA) framework in next few months on the back of improvement in various parameters.

The government on Wednesday approved a capital infusion of Rs 6,000 crore in Exim Bank to expand its business.

State banks are in the process of closing or rationalising about 69 overseas operations in the next few months as part of their capital conservation exercise.

Finance Minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks.

Public sector banks’ provision coverage ratio — which measures the provisioning for bad loans — has gone up from less than 50 per cent in 2015 to 66.85 percent as of September 2018.

New Delhi: The government on Thursday said it will enhance the capital infusion in public sector…

The government is likely to make additional capital infusion in the public sector banks, Economic Affairs Secretary Subhash Chandra Garg said on Wednesday.