FM discusses steps to control rising NPAs with PSU bank chiefs
Concerned over rising bad loans, Finance Minister Arun Jaitley today discussed with PSU bank heads ways to bring down the incidence of Non-Performing Assets (NPAs).
Nov 20, 2014, 13:43 PM IST
Banks should take proactive steps to fund projects: FM Jaitley
Jaitley said that he discussed ways to reduce stress on the asset front with PSU banks. He also suggested that banks take proactive steps to fund the projects.
Nov 20, 2014, 12:12 PM IST
Rural banking: 'Jan Dhan may help PSBs break into profits'
Higher business per branch and the business correspondents model may help public sector banks become profitable in rural areas over the next five years, driven primarily by ongoing Jan Dhan scheme, says a report.
Nov 17, 2014, 21:57 PM IST
FinMin review meeting with chiefs of PSU banks, FIs on Nov 20
The main agenda of the meeting is discussing financial performance at the end of the second quarter, sources said.
Nov 16, 2014, 11:51 AM IST
19 candidates to appear for CMD post in 8 banks Friday
Nineteen candidates will appear before three sub-committees Friday for selection of heads of 8 PSU banks and the applicants include an incumbent CMD.
Nov 13, 2014, 19:28 PM IST
Employees' strike affects Indian banking
Banking operations were affected all over India Wednesday as over a million bank employees went on a day`s strike in support of their various demands, including pay revision, an official said here.
Nov 12, 2014, 12:40 PM IST
Bank strike on today; may hit trading volumes
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window.
Nov 12, 2014, 09:47 AM IST
Bank strike on Wednesday; may hit trading volumes
The strike is expected to hit all state-run banks, and also some private lenders, and could also impact market functions such as trade settlements to some extent.
Nov 11, 2014, 20:58 PM IST
Central Bank picks ICICI Sec to exit home finance arm
Even as it is looking for a buyer for its stake in IL&FS, state-run lender Central Bank of India has initiated the process to sell its housing finance business and appointed ICICI Securities to find a potential buyer.
Nov 10, 2014, 22:36 PM IST
Tax policy will not be ultra-aggressive: Jaitley
He also said the government will amend the tough land acquisition law even if the opposition does not support as it looks to restore confidence in the economy.
Nov 09, 2014, 14:56 PM IST
Govt planning to bring down its stake in PSU banks to 52%: Arun Jaitley
Jaitley was speaking at India Global forum. Arun Jaitley opened the two-day India Global Forum meeting, beginning today in New Delhi.
Nov 09, 2014, 10:00 AM IST
Appointment of 8 bank CMDs by Nov-end; interview on Nov 13-14
An appointment board, headed by RBI Governor Raghuram Rajan, will hold interviews of eligible candidates for the post of CMDs of 8 public sector banks on November 13-14, Financial Services Secretary G S Sandhu said on Friday.
Oct 31, 2014, 21:34 PM IST
Selection process of CMDs of 8 PSU banks to start on Nov 13
Banking Secretary G S Sandhu on Friday said that the selection process of chairman and managing director (CMD) of 8 PSU banks will start on November 13 and the appointments will be made by end of November.
Oct 31, 2014, 18:54 PM IST
Govt to start selection for 8 PSU bank heads by Nov-end
A panel, headed by RBI Governor Raghuram Rajan, is expected to hold interviews of eligible candidates for the post of Chairman and Managing Directors of 8 public sector banks in the last week of November.
Oct 30, 2014, 21:41 PM IST
Govt scraps selection of 6 UPA-nominated bank CMDs
A Finance Ministry statement said future vacancies of chairman and managing directors (CMDs) as well as executive directors of PSU banks will now be filled through a new selection process.
Oct 28, 2014, 12:04 PM IST
'Mid-sized PSU banks to suffer due coal block cancellation'
Mid-sized PSU banks are likely to be affected more than the large banks from the credit costs arising out of developments like Supreme Court ordering cancellation of coal block allocation, a report said.
Oct 08, 2014, 19:29 PM IST
FinMin asks banks to tighten norms for high value FDs
At the moment, different banks have varied definitions of high value fixed deposits.
Oct 05, 2014, 12:23 PM IST
FinMin asks banks to tighten norms for high value FDs
At the moment, different banks have varied definitions of high value fixed deposits.
Oct 05, 2014, 12:23 PM IST
Capital infusion plan for PSU banks soon: Sandhu
Finance Ministry will soon come out with the capital infusion plan for PSU banks to help them meet the global capital adequacy norms, Financial Services Secretary G S Sandhu said Tuesday.
Sep 30, 2014, 15:15 PM IST
State-run banks need $37 bn in fresh capital to meet Basel III
Public sector banks in India will need to raise up to USD 37 billion over the next 4-5 years to meet Basel III compliance norms, credit rating agency Moody's said Monday.
Sep 22, 2014, 17:11 PM IST
