Gyan Sangam: Create structures for easy capital to PSU banks, says Banking Secy
Mergers and acquisitions are not the only way for consolidation in public sector banks, as creating a mechanism for easier access to capital would also improve their balance sheets, Financial Services Secretary Hasmukh Adhia said on Friday.
Jan 02, 2015, 11:53 AM IST
Two-day retreat 'Gyan Sangam' to begin today; focus on public sector banks reforms
Finance Minister Arun Jaitley, RBI Governor Raghuram Rajan, top officials of the Finance Ministry and heads of PSBs will be attending the retreat.
Jan 02, 2015, 09:14 AM IST
Gyan Sangam: Bankers, regulators to discuss ways to revitalise banking sector
On concluding day, Prime Minister Narendra Modi will address the meet Gyan Sangam, a retreat of chiefs of financial institutions.
Jan 01, 2015, 13:52 PM IST
Govt splits Chairman & MD post, names chiefs for 4 PSU banks
In a departure from the past, the government on Wednesday split the post of Chairman and Managing Director for PSU banks and named MD-and-CEOs of four banks including United Bank and Oriental Bank of Commerce.
Dec 31, 2014, 14:04 PM IST
Axis Bank in talks for tie-up with payments bank
Private sector lender Axis Bank is open to partnering a payments bank and is in talks with a few aspirants for a potential partnership, according to a senior official.
Dec 28, 2014, 12:42 PM IST
PM to brainstorm with bankers on PSB reforms on Jan 3
Prime Minister Narendra Modi will hold discussions with bankers on January 3 at Pune to draw an "action plan" for reforms in the public sector banks (PSBs).
Dec 24, 2014, 12:48 PM IST
Finance Ministry asks PSBs to submit capital raising plans
The Finance Ministry has asked all public sector banks to submit capital raising plans following the Cabinet approval to reduction in government's stake in state-run lenders to 52 percent.
Dec 21, 2014, 11:30 AM IST
Bad loan write offs double to Rs 42,477 cr in 3 years
The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.
Dec 21, 2014, 11:16 AM IST
Finance Ministry may hold fresh interview for heads of 3 PSU banks
There is a proposal that the interview for executive heads of category A banks could be held once again where candidates from private sector banks can also appear, sources said.
Dec 14, 2014, 12:37 PM IST
PSU bankers paid very poorly, rues SBI chief
Lamenting that bankers are paid very poorly in India, especially at public sector banks, SBI chief Arundhati Bhattacharya Thursday said there is an urgent need to provide better remuneration to attract good talent.
Dec 11, 2014, 20:15 PM IST
SBI's Arundhati Bhattacharya proposes differential voting rights
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday proposed differential voting rights for meeting additional capital requirements.
Dec 11, 2014, 12:41 PM IST
PSB employees in western region to go on strike on Friday
However, private sector banks continued to function normally in 12 states where PSBs' employees went on strike.
Dec 04, 2014, 21:11 PM IST
Govt mulls splitting CMD post in PSU banks from 2015-16
Government is likely to implement the proposal of bifurcating the post of Chairman and Managing Director in public sector banks from the next fiscal to strengthen corporate governance.
Dec 04, 2014, 16:11 PM IST
PSBs employees go on strike in North; East to follow Thursday
Continuing their four-day relay strike to press for wage hike, public sector bank (PSB) employees in Northern region went off work Wednesday while their counterparts in East India will follow suit on Thursday.
Dec 03, 2014, 21:23 PM IST
Disinvestment in PSBs in phased manner under consideration: FM
With an aim to help public sector banks raise capital, government is considering to reduce its stake up to 52 percent in a phased manner in these banks, Finance Minister Arun Jaitely said Tuesday.
Dec 02, 2014, 21:19 PM IST
PSU banks wrote off Rs 34,000 cr loan in FY 2014: Sinha
Public sector banks, including SBI, PNB and Central Bank of India, have written off about Rs 34,000 crore, including one-time settlement, during 2013-14, which constitutes 34 percent of the total non-performing assets.
Dec 02, 2014, 18:37 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 account for over 90% of total bad loans in FY'14
Private sector banks had gross NPAs of Rs 22,738 crore as of March 31, 2014.
Nov 25, 2014, 20:43 PM IST
10 names shortlisted for appointment as CMDs in 8 PSU banks
A high-level search panel headed by Reserve Bank Governor Raghuram Rajan has shortlisted 10 Executive Directors for the post of Chairman and Managing Director (CMD) in eight public sector banks.
Nov 24, 2014, 19:17 PM IST
Act professionally, without fear or favour: Jaitley to bankers
Concerned over rising bad loans, Finance Minister Arun Jaitley on Thursday asked the chiefs of PSU banks to deal sternly with the issue of rising non-performing assets without any fear or favour.
Nov 20, 2014, 18:38 PM IST
