PNB scam: CII for hi-tech control systems, privatising PSBs
The CII has called for a gradual decrease in government holding in public sector banks (PSBs).
Feb 25, 2018, 23:22 PM IST
PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks
FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.
Feb 19, 2018, 17:35 PM IST
Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters
The 123-year old state-lender has unearthed Rs 11,400 crore fraud allegedly involving billionaire jeweller Nirav Modi and associate entities.
Feb 18, 2018, 17:44 PM IST
PNB fraud: Assocham urges Centre to cut stake in banks to below 50%
The industry body said that PSBs have to function on the lines of private sector lenders with a full sense of accountability to their shareholders.
Feb 18, 2018, 16:26 PM IST
Potential stressed asset accounts on decline: Report
The overall trends on Special Mention Accounts (SMAs) portfolio is on a decline.
Feb 12, 2018, 15:01 PM IST
Bad loans hurt state-run banks, push SBI to surprise third-quarter loss
Bad loans in PSBs have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt.
Feb 10, 2018, 00:43 AM IST
Accretion of fresh NPAs has virtually stopped, says Bibek Debroy
According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.
Feb 07, 2018, 23:02 PM IST
IBC mechanism used actively to resolve bad loan problem: Economic Survey
Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.
Jan 29, 2018, 14:23 PM IST
Rs 80K crore PSB recap bonds won't impact fiscal deficit: Finmin
These bonds will not have Statutory Liquidity Ratio (SLR) and have tenure of 10-15 years, Economic Affairs Secretary S C Garg told reporters here.
Jan 24, 2018, 17:54 PM IST
Govt seeks parliamentary nod for additional Rs 80,000 crore bonds for Bank recapitalisation
This is the third supplementary demand by the government in the current fiscal.
Jan 04, 2018, 13:23 PM IST
Rs 2.11 lakh crore PSU bank recap plan credit positive: Moody's
Moody's Investors Service on Wednesday said the government's plan to infuse Rs 2.11 lakh crore in PSU banks is "significant credit positive" as it will help address the problem of weak capitalisation.
Oct 25, 2017, 14:16 PM IST
PSU bank recap plan monumental step forward: Urjit Patel
Finance Minister Arun Jaitley yesterday announced that Rs 2.11 lakh crore would be infused in PSU banks over two years, of which Rs 1.35 lakh crore will be through recapitalisation bonds.
Oct 25, 2017, 14:15 PM IST
CEA pegs interest cost of recapitalisation bonds at Rs 9,000 crore
Yesterday, Finance Minister Arun Jaitley unveiled an unprecedented Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.
Oct 25, 2017, 14:07 PM IST
Banks need Rs 95K crore capital, stressed assets to rise: Moody's
Stressed assets of Indian banks will increase through 2019 and capitalisation will remain a key credit weakness for state-owned lenders which will need up to Rs 95,000 crore additional capital over the next two years.
Jun 08, 2017, 15:42 PM IST
Many PSU banks may skip dividend payout this fiscal
Hit by demonetisation and mounting bad loans, some public sector banks (PSBs) may skip paying dividend which will have implications for government receipts in the current fiscal.
Jan 17, 2017, 16:42 PM IST
Sports Minister Vijay Goel asks PSUs, PSBs to contribute for promotion of sports
Under the NSDF, top athletes have been supported for their preparation for major international tournaments.
Nov 24, 2016, 22:12 PM IST
Mundra flags concern over 'leaderless banks', calls for revamp
Concerned over large number of retirements of senior officials at public sector banks (PSBs) in the near future, Reserve Bank Deputy Governor SS Mundra on Wednesday pressed for the need to focus on HR management and said there cannot be a "leaderless bank".
Sep 28, 2016, 13:05 PM IST
Reduce government oversight of PSBs, give more power to boards: Raghuram Rajan
Suggesting a major reduction in government and regulatory oversight of public sector banks (PSBs), including by RBI itself, the outgoing Governor also proposed withdrawing the central bank nominees from their boards.
Aug 16, 2016, 16:39 PM IST
Poor asset quality of PSBs a risk to sovereign rating: Moody's
Moody's Investors Service on Tuesday cautioned that a prolonged worsening in asset quality at PSU banks is the main threat to India's sovereign credit profile and made a case for the government bearing some of the cost of cleaning up bank balancesheets.
Apr 26, 2016, 11:45 AM IST
Govt must provide more capital as PSBs can't tap markets: Moody's
Public sector banks (PSBs) will not be able to raise funds from the markets and government will have to provide capital support to them in the near term given their weak solvency position, Moody's has said.
Apr 25, 2016, 15:40 PM IST
