Submit plans for fund raising from market: FinMin to PSU banks
Having announced capital infusion of Rs 22,915 crore in PSU banks, the Finance Ministry has asked them to submit plans for raising resources through markets, including public offers and sale of non-core assets.
Jul 31, 2016, 12:50 PM IST
Bank employees to go on strike on Friday, services to be hit
Normal banking operations may take a hit as public sector bank employees will go on strike Friday to protest against the proposed merger of associate banks with SBI and banking reforms announced by the government.
Jul 28, 2016, 18:36 PM IST
Government banks received approx 23 thousand crores
Government banks received approx 23 thousand crores. Watch this special segment and get to know more here.
Jul 19, 2016, 20:29 PM IST
PSU banks' recapitalisation: Govt infuses 23K cr in 13 lenders
In a bid to shore up cash- strapped public sector banks, the government injected Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth that has hit a two-decade low.
Jul 19, 2016, 18:15 PM IST
First tranche of recapitalisation fund infusion by govt for FY 17 released
Govt allocates 1st tranche of recapitalisation money of Rs.22915 Cr for 13 PSU Banks.
Jul 19, 2016, 18:00 PM IST
Bank recapitalisation: Govt allocates Rs 22,915 crore to 13 public sector banks
Government will infuse Rs 22,915 crore in 13 public sector banks for the current fiscal ending March 2017.
Jul 19, 2016, 12:42 PM IST
Finance Ministry to soon clear 1st tranche of capital infusion in PSBs
The Finance Ministry is likely to soon clear the first round of capital infusion in public sector banks that has been slated for the current financial year.
Jul 15, 2016, 15:05 PM IST
Strike deferred, banks to be open on Tuesday, Wednesday
Banks will be open and operations normal on Tuesday and Wednesday after a section of the public sector bank employees on Monday deferred their proposed two-day nationwide strike following the intervention of the Delhi High Court.
Jul 11, 2016, 22:40 PM IST
Government to begin fresh recapitalisation of ailing public sector banks
The Centre is likely to soon announce the first tranche of the Rs 25,000 crore capital infusion for public sector banks (PSBs), planned for this financial year (2016-17).
Jul 11, 2016, 09:14 AM IST
RBI may soon allow interoperability of Post payment bank ATMs
India Post, the world's largest mail delivery network, is carving out a separate vertical to manage banking services, a move that will help it win RBI nod for interoperability of its ATMs with those of PSU banks.
Jul 04, 2016, 15:23 PM IST
PSU bank stocks surge upto 8% on RBI's move on stressed assets
Shares of PSU banks on Tuesday gained up to 8 percent after the RBI came out with a scheme for resolution of bad loans of large projects wherein a portion of the debt will be converted into equity or other instruments.
Jun 14, 2016, 18:24 PM IST
Govt's solution for bad loans: Merge state-owned banks to 6 from 27
Vinod Rai, a 68-year-old former auditor general of India, said consolidation has already begun with State Bank of India`s move to absorb five subsidiaries and Bharatiya Mahila Bank, a bank for women set up in 2013.
May 24, 2016, 18:01 PM IST
HDFC Bank seeks nod to up authorised share capital to Rs 650 crore
HDFC Bank Thursday said it will seek shareholders' approval to hike the authorised share capital of the bank to Rs 650 crore.
May 19, 2016, 17:26 PM IST
Any merger initiative has to come from board of banks: Jayant Sinha
The government Tuesday set the record straight on merger of public sector banks, saying any initiative has to come from the board of the banks concerned, and its role is that of a facilitator.
May 10, 2016, 17:36 PM IST
Shocking! At Rs 72,000 crore, Gautam Adani's firm owes banks 8 times more than Vijay Mallya
According to PTI, Pawan Verma, member of JD(U), raising issues about corporate houses owing money to PSU Banks in the Rajya Sabha on Thursday alleged that Adani Group got “unimaginable” favours and that its debt stands at Rs 72,000 crore.
May 05, 2016, 18:20 PM IST
Payments banks do not have a viable business model: SBI chief Arundhati Bhattacharya
Small and payments banks have not yet devised a business model which can be termed viable, SBI Chairperson Arundhati Bhattacharya said Monday.
Apr 18, 2016, 22:12 PM IST
Govt mulls scheme for staff to invest in bank recapitalisation
Government is looking at a scheme for encouraging its employees to invest part of their 7th Pay Commission salary hike in a fund which would be used for recapitalisation of state-owned banks.
Apr 10, 2016, 14:21 PM IST
UCO Bank, Syndicate Bank, other PSBs to get capital of Rs 5,050 crore by govt
Parliament has already approved Rs 5,050 crore for meeting additional expenditure on recapitalisation of public sector banks (PSBs) earlier this month.
Mar 29, 2016, 11:44 AM IST
Banks' asset quality to remain under pressure this year: S&P
Indian banks' asset quality and capitalisation are likely to remain under pressure in the next 12 months mainly because of tepid industrial activity and high leverage by some corporates, Standard & Poor's said Tuesday.
Mar 22, 2016, 18:47 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
