Yes Bank shares slip over 5% on RBI move
Shares of Yes Bank fell by over 5 percent Monday following news that foreign investors will need RBI's approval to buy equity in the private sector lender as it has reached the limit allowed for overseas shareholding.
Sep 15, 2014, 20:54 PM IST
Raghuram Rajan bats for more freedom to state-run banks
Batting for greater autonomy to state-run lenders, RBI Governor Raghuram Rajan Monday said the government should look at them as truly "independent entities" that take their own commercial decisions and not as an extended arm of the administration.
Sep 15, 2014, 18:54 PM IST
FinMin to seek Cabinet nod to bring stake in banks to upto 52%
The Finance Ministry is finalising the draft Cabinet note on reducing government stake in PSU banks to up to 52 percent as part of recapitalisation drive.
Sep 12, 2014, 18:33 PM IST
Kingfisher Airlines contests wilful defaulter tag
Debt-ridden Kingfisher Airlines today contested UBI's decision to declare it as a wilful defaulter, saying that RBI guidelines in this regard do not apply to the company.
Sep 09, 2014, 23:13 PM IST
Mallya in further trouble, SBI sends wilful defaulter notice
SBI, which is the lead bank of a lender consortium to the crippled carrier, has an exposure of over Rs 1,600 crore.
Sep 09, 2014, 22:14 PM IST
Gross NPAs of PSU banks to be about 4.4% in FY'15: ICRA
PSU banks' gross NPAs are to be at 4.4-4.7 percent as on March 31, 2015, as against 4.4 percent as on March 31, 2014 and 4.6 percent as on June 30, 2014, said the ICRA report.
Sep 04, 2014, 20:43 PM IST
FinMin mulls splitting CMD post for PSU banks
Finance Ministry Monday said it is considering bifurcation of the post of Chairman and Managing Director in public sector banks to strengthen corporate governance in the light of recent cases of corruption.
Aug 25, 2014, 15:47 PM IST
Government likely to split PSU bank CMD's post
The government might also rejig the hierarchy in PSU banks in order to cut down political interference in its working.
Aug 18, 2014, 11:02 AM IST
RBI, Cabinet Secy scrutinising appointments of PSB chiefs
A panel headed by RBI Governor selects PSU bank chiefs.
Aug 14, 2014, 21:39 PM IST
Finmin to finalise capital raising plan for PSU banks next month
The ministry has received the report from SBI Cap on the requirement of various public sector banks.
Aug 14, 2014, 18:25 PM IST
PSU banks may soon begin process to declare KFA wilful defaulter
Three major PSU banks SBI, PNB and IDBI may soon initiate the process to declare Kingfisher Airlines and others as wilful defaulters after the firms failed to service their debt, sources said.
Aug 13, 2014, 00:11 AM IST
PSU banks to hit market after Oct to raise capital: Sandhu
Government shareholding in various banks varies between 56.26 percent to 88.63 percent.
Jul 31, 2014, 18:24 PM IST
Modi will launch financial inclusion campaign: Jaitley
Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.
Jul 31, 2014, 15:25 PM IST
Arun Jaitley to meet heads of PSU banks today
Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.
Jul 31, 2014, 09:12 AM IST
Arun Jaitley to meet heads of PSU banks on financial inclusion tomorrow
Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.
Jul 30, 2014, 16:28 PM IST
Arun Jaitley to meet heads of PSU banks on Thursday
Finance Minister Arun Jaitley is scheduled to hold his first meeting with all the heads of the public sector banks on July 31 and is expected to impress upon them the need to lower interest rates for boosting growth.
Jul 28, 2014, 17:25 PM IST
Axis Bank Q1 Net up over 18% at Rs 1,667 crore
Private sector Axis Bank Tuesday reported 18.3 percent growth in net profit at Rs 1,667 crore for the first quarter ended June 2014.
Jul 22, 2014, 17:26 PM IST
Recapitalisation of PSU banks is on high priority: Jaitley
Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government.
Jul 19, 2014, 14:48 PM IST
FinMin examining issues concerning merger of PSU banks: Sandhu
Finance Ministry on Saturday said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.
Jul 12, 2014, 17:54 PM IST
No proposal to dilute govt ownership in PSBs below 50%: Govt
The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.
Jul 08, 2014, 19:21 PM IST
