Budget 2023: Govt may not announce capital infusion for PSU banks in Budget 2023-24
The government last provided capital support to banks in 2021-22. It had earmarked Rs 20,000 crore for recapitalisation of PSBs through supplementary demands for grants.
Jan 22, 2023, 15:19 PM ISTPNB, SBI account for most valuable bank frauds among PSBs: RBI
Public sector banks reported a 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.
May 15, 2022, 15:36 PM ISTCentre to provide capital support mostly to weak PSBs
Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion's share of the Rs 15,000 crore earmarked for capital infusion.
Feb 27, 2022, 16:48 PM ISTFinance Minister Nirmala Sitharaman asks banks to support COVID-affected sectors
Finance Minister Nirmala Sitharaman chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant.
Jan 07, 2022, 18:05 PM ISTCentre unlikely to announce capital infusion for PSU banks in Budget: Report
The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget.
Dec 12, 2021, 11:08 AM ISTCentre to amend banking laws to facilitate privatisation of two PSU banks
The Centre is all set to introduce a banking laws amendment bill in the upcoming Winter Session.
Nov 25, 2021, 22:04 PM ISTCentre may redraw bank recapitalisation plan in wake of new challenges
The problem has been accentuated with the Reserve Bank of India now writing to the bank to meet their obligation towards interest on interest for all borrowers where exposure is over Rs 2 crore as well. This will put an additional burden of close to Rs 7,500 crore on banks.
Apr 10, 2021, 16:35 PM ISTPSBs to need capital up to Rs 2.1 trillion over next 2 years; govt support to continue: Moody's
According to Moody's, the sharp slowdown in India's economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs.
Aug 21, 2020, 13:41 PM ISTFM Nirmala Sitharaman to meet heads of public sector banks today
The meeting assumes importance as this will be her first meeting with PSB heads after she announced amalgamation of 10 public sector banks into on August 30.
Sep 19, 2019, 10:50 AM ISTGovernment to infuse Rs 55,000 crore into Public Sector Banks in a week
FM Nirmala Sitharaman had announced the capital infusion of Rs 55,000 in 10 PSBs to be consolidated into 4 large Banks so that their capital base can be improved.
Sep 11, 2019, 14:47 PM ISTCentre to infuse Rs 12,000 crore in state general insurance firms
The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.
Sep 06, 2019, 14:39 PM ISTTotal frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report
Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.
Aug 30, 2019, 12:57 PM ISTGovernment to enhance bank recapitalisation outlay to Rs 1.06 lakh crore in current fiscal
This would enable infusion of over Rs 83,000 crore in the coming few months in Public Sector Banks (PSBs).
Dec 21, 2018, 14:03 PM ISTReduce number, weight of government mandates for PSBs: Rajan
He further said public sector banks still not adequately professionalised and there is a need to substantially improve risk management.
Dec 14, 2018, 15:39 PM ISTPhotos: Bank strike across India on May 30, 2018
Banking operations in the country were hit on Wednesday as 10 lakh employees, primarily from PSU banks, went on 2-day strike to protest against a 'meagre' 2 percent salary hike offered by Indian Banks Association (IBA) - the management body.
May 30, 2018, 22:27 PM ISTBank strike may affect customer transactions worth Rs 20,000 crore: Assocham
The UFBU, an umbrella body of nine bank unions, has gone on strike against the proposed wage hike of 2 percent as against 15 percent given last time.
May 30, 2018, 20:14 PM ISTExcept SBI, rest state-run banks should be privatised, says Arvind Panagariya
The former NITI Aayog vice-chairman also said that political parties should mention privatisation of PSBs in their 2019 general election manifesto.
Mar 25, 2018, 18:05 PM ISTStill wedded to Socialism, Congress has learnt nothing and forgotten nothing
The recent Congress plenary session has showed that the Congress still wants to undo the liberalisation that its own government started in 1991.
Mar 20, 2018, 12:16 PM ISTReform state-run banks, IMF tells India after PNB fraud
IMF said that banking reforms like insolvency code and recapitalisation will be ineffective unless governance standards are improved.
Mar 12, 2018, 22:51 PM ISTPNB fraud overreaction may hugely hurt credit flow: Assocham
Last month, Assocham had said that the PNB fraud that has rocked the banking system should not halt the process of corporate lending.
Mar 11, 2018, 17:04 PM IST