Investors should not try to speculate but just invest rightly: Sandip Sabharwal
Overall we should do better than other EM’s unless there is a huge commodity rally which will shift the scales in front of India and China.
Mar 23, 2016, 16:35 PM IST
FinMin holds review meeting with banks on loan recovery
The Finance Ministry Monday held a meeting with senior officials of public sector banks (PSBs) to review their efforts for loan recovery, including from Kingfisher Airlines.
Mar 21, 2016, 17:08 PM IST
Crisil downgrades 8 PSBs, puts Syndicate Bank on negative watch
Credit rating agency Crisil Thursday downgraded eight PSBs including Bank of India and Canara Bank, following deterioration in their asset quality and also revised the outlook on five of them to negative.
Mar 10, 2016, 23:45 PM IST
RBI amends capital recognition rules; Rs 35,000-cr unlocked for PSBs
The Reserve Bank of India Tuesday announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for state-run lenders impacted by asset quality troubles.
Mar 01, 2016, 22:51 PM IST
Govt to announce PSBs' consolidation plan; to infuse Rs 25,000 crore
Government will unveil a roadmap for consolidation of public sector banks (PSBs) which are expected to get an infusion of Rs 25,000 crore next fiscal, Finance Minister Arun Jaitley said Monday.
Feb 29, 2016, 14:40 PM IST
FM Jaitley for independence to PSBs from political decision-making
Pitching for public sector banks being given independence from political decision-making, Finance Minister Arun Jaitley on Monday said efforts are on to professionalise all personnel-related issues at these banks.
Sep 28, 2015, 19:25 PM IST
Govt issues norms for selection of CEOs of smaller PSBs
As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.
Aug 20, 2015, 19:57 PM IST
Union Bank gets shareholder nod to raise up to Rs 3,700 cr
The stock closed at Rs 153.05 on BSE on Friday, down 0.97 percent.
Jun 27, 2015, 18:11 PM IST
Finance Minister to meet heads of PSU banks tomorrow
The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.
Jun 12, 2015, 12:37 PM IST
Private bankers to be interviewed for CEO/MD post at 5 large PSBs
While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.
Jun 11, 2015, 18:06 PM IST
SBI shares down nearly 3% post earnings; top loser on Sensex
The company's market value fell by Rs 2,312.46 crore to Rs 2,13,707.54 crore.
May 22, 2015, 17:16 PM IST
UBI to bank on mining, steel sectors for turnaround
Now as RBI has removed those restriction, I will be able to have a reasonable increase in credit this year.
May 17, 2015, 16:09 PM IST
Syndicate Bank appoints Arun Shrivastava MD & CEO
Syndicate Bank appointed Arun Shrivastava, Executive Director, Bank of India, as Managing Director and Chief Executive Officer.
May 15, 2015, 12:57 PM IST
RBI asks PSBs,large pvt and foreign banks to appoint ombudsman
The RBI has taken this initiative to further boost the quality of customer service and to ensure undivided attention to resolution of customer complaints.
May 11, 2015, 19:44 PM IST
No stake sale in PSBs at current distressed valuation: Jayant Sinha
The government on Monday said it will not dilute stake in public sector banks at current distressed valuation.
Apr 06, 2015, 23:55 PM IST
Cabinet nod to market fund raising by PSBs, cut govt stake to 52%
The government Wednesday allowed public sector banks to raise up to Rs 1.60 lakh crore from markets by diluting government holding to 52 percent in phases so as to meet Basel III capital adequacy norms.
Dec 10, 2014, 22:38 PM IST
Govt considering plan to reduce stake to 52% in state banks
The government holds stakes ranging from 56 percent to 84 percent in the state-run banks that account for 70 percent of India`s total outstanding loans of about $1 trillion.
Nov 28, 2014, 12:03 PM IST
PSU banks profit plunges 27% to Rs 37,000 cr in FY14
These banks in which government owns more than 51 percent had total net profit of Rs 50,583 crore in 2012-13.
Aug 05, 2014, 19:04 PM IST
