RBI Guv To Meet Board Members Of PSU Banks On May 22
Besides the governor, the RBI communication sent to all public sector banks said, deputy governors, executive directors from its Department of Regulation as well as Supervision will be attending the meeting.
Apr 20, 2023, 21:18 PM IST
PSU Banks' Profit Jumps 65% in Q3; BoM Tops Chart With 139% Surge
In percentage terms, the first quarter growth was 9 percent over the same period of the previous financial year.
Feb 12, 2023, 12:32 PM IST
2,118 branches of 10 state-run banks closed or merged in last fiscal: RTI reply
The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.
May 10, 2021, 08:14 AM IST
Sensex ends 465 points lower, Nifty slips below 14,500 amid lockdown and IPL suspension
The 30-share BSE index ended 465.01 points or 0.95 percent lower at 48,253.51, and the broader NSE Nifty slumped 137.65 points or 0.94 percent to 14,496.50. Dr Reddy's was the top loser in the Sensex pack, shedding around 2 per cent, followed by Reliance Industries, Sun Pharma, HDFC twins, Infosys, M&M and PowerGrid.
May 04, 2021, 16:30 PM IST
Cabinet may take up capital infusion in BSNL, MTNL in September
The funds infusion in both BSNL and MTNL, according to sources will be through bonds as has been the case of PSU bank recapitalisations.
Sep 09, 2019, 10:31 AM IST
Merger of 10 Public Sector banks, governance reforms may improve performance of PSBs: Ind-Ra
The rating agency said that though the proposed amalgamations may face hiccups in short term, the governance reforms are a step in the right direction to improve the overall functioning of PSBs.
Sep 04, 2019, 14:35 PM IST
'Benefits of PSB mergers likely over medium-to-long term'
Centrum Broking Research's report said that the consolidated banks will likely see an improvement in economies of scale and efficiency of operations over the medium-long term.
Sep 04, 2019, 10:57 AM IST
FinMin invites bids from advisors to launch financial sector ETF
After the resounding success of CPSE ETF and Bharat-22 ETF, the government is looking at diversifying the ETF basket by including stocks of public sector banks (PSBs), public sector insurance companies (PSCIs) and public sector financial institutions (PSFIs).
Jun 28, 2019, 10:50 AM IST
Five PSU lenders get capital infusion of Rs 21,428 cr from govt
Earlier, the bank raised Rs 261 crore to its share capital in January under Employee Stock Purchase Scheme (ESPS) in which as much as 92 percent of the employees participated which resulted into over-subscription of bank stock.
Mar 29, 2019, 12:04 PM IST
Will meet bank heads on Feb 21 on transmission of rate cut, says RBI Guv
Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.
Feb 18, 2019, 13:32 PM IST
Govt likely to make additional capital infusion in PSU banks: Garg
This will be over and above Rs 1.35 lakh crore capital infusion announced by the government for the public sector banks (PSBs) in October last year to meet global capital risk norms called Basel III.
Dec 20, 2018, 11:35 AM IST
Arun Jaitley fires back at Rahul Gandhi, defends loan write-offs
Arun Jaitley has blamed Congress for spreading misinformation about government's possible moves in relation to the private sector company ILF&S.
Oct 01, 2018, 19:38 PM IST
Narendra Modi's foot-in-mouth ministers should measure their words
Two Union ministers made statements that directly undermine the rule of law. This could have dangerous repercussions.
Jul 20, 2018, 13:26 PM IST
Heads of 11-PSBs to appear before Parliamentary Panel over mounting bad loans
The banking sector is grappling with rising non-performing assets (NPAs), which touched Rs 8.99 lakh crore or 10.11 percent of total advances at December-end 2017.
Jun 25, 2018, 11:10 AM IST
Higher NPA provisioning to impact banks in 2018/19: Moody's
The government in October last year announced plans to infuse Rs 2.11 lakh crore into PSU banks over the next two years.
Jan 04, 2018, 15:00 PM IST
GST will become good and simple tax in a few months: Minister
Addressing the 116th annual session of the Merchants' Chamber of Commerce and Industry in Kolkata, Minister of State for Finance Shiv Pratap Shukla said by March, the GST will be simple enough for everyone to comprehend.
Nov 29, 2017, 18:23 PM IST
Recap plan to boost public sector bank stake sale
According to Assocham, once bank lending begins to pick up, there would be consequent advantages by way of higher economic growth and tax buoyancy.
Oct 29, 2017, 15:40 PM IST
Canara Bank cuts interest rate on savings bank accounts
However, the bank will continue to pay 4 percent interest on deposits of above Rs 50 lakh.
Sep 01, 2017, 16:08 PM IST
PSU banks take recovery action against 5,954 wilful defaulters
The country's largest lender SBI has taken action against 1,444 such defaulters with outstanding loan of Rs 20,943 crore.
Aug 27, 2017, 17:59 PM IST
'Govt ready to provide capital support for PSU banks' merger'
The Union cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks.
Aug 27, 2017, 17:53 PM IST
