Inject equity before additional funds, lenders tell Amtek
Lenders of Amtek Auto have agreed to give additional funds to the troubled auto component-maker but have asked the promoters to bring in some equity first.
Sep 27, 2015, 15:20 PM IST
SBI chief takes U-turn, says payments banks 'opportunity' for all
In a U-turn from her earlier stated position on the entry of payments banks, SBI chief Arundhati Bhattacharya Tuesday said there is nothing negative about them and there is a huge opportunity for the entire banking system.
Aug 25, 2015, 23:31 PM IST
SBI chief says crisis year lending by PSBs helped pvt banks
State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.
Aug 24, 2015, 22:27 PM IST
Bandhan Bank joins Indian banking league with 501 branches
Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.
Aug 23, 2015, 21:12 PM IST
All-out efforts on to bring down PSU banks' NPA: Jaitley
Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.
Aug 21, 2015, 14:27 PM IST
RBI panel for conversion of large UCBs into regular banks
An RBI panel Thursday recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks to allow them to grow and proliferate further for financial inclusion.
Aug 20, 2015, 22:18 PM IST
FM Jaitley likely to meet heads of PSU banks in first half of Sept
The performance review meeting of Public Sector Banks (PSBs) may take place in the first half of September and the exact date will be decided soon, sources said.
Aug 20, 2015, 18:00 PM IST
FM Jaitley likely to meet heads of PSU banks in first half of Sept
The performance review meeting of Public Sector Banks (PSBs) may take place in the first half of September and the exact date will be decided soon, sources said.
Aug 20, 2015, 18:00 PM IST
Capital infusion breather for PSU banks, but not enough: S&P
Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.
Aug 19, 2015, 15:38 PM IST
80,000 officers, staff of PSU banks to retire in 2 years
During the current financial year, 39,756 employees are retiring. This includes 19,065 officers and 14,669 clerks, sources said.
Aug 16, 2015, 11:06 AM IST
Capital injection key to Basel-III transition of PSBs: Ind-Ra
Indian banks may need up to Rs 1 trillion over and above their Basel-III capital requirements to manage the concentration risks arising out of their exposure to highly levered, large stressed corporates, India Ratings and Research (Ind-Ra) said Friday.
Aug 14, 2015, 21:30 PM IST
Govt to inject Rs 20K crore in PSU banks in a month, SBI to get Rs 5K crore
Govt will infuse Rs 20,088 crore into 13 PSU banks within a month's time with country's largest lender SBI cornering a hefty Rs 5,531 crore.
Aug 14, 2015, 20:09 PM IST
No cause of panic or alarm on banking sector situation: FM Jaitley
Jaitley further said that the recent initiatives taken by the government has helped fix some issues in PSU Banks.
Aug 14, 2015, 16:25 PM IST
Govt to infuse Rs 70,000 cr in PSU banks in 4 years: Arun Jaitley
Government proposes to infuse Rs 70,000 crore in public sector banks in four years from budgetary allocations, Finance Minister Arun Jaitley said Tuesday.
Aug 11, 2015, 16:57 PM IST
Govt capital infusion in PSBs credit positive: Moody's
The government is aiming to improve the Tier 1 capital ratios for all PSU banks.
Aug 06, 2015, 17:09 PM IST
Increase strength of women in PSBs: Parl panel
A parliamentary panel Wednesday recommended evolving a strategy for women reservation in public sector banks (PSBs) to increase their strength and representation in the banking sector, which it said was "not promising".
Aug 05, 2015, 21:46 PM IST
ICICI hits overseas debt market with $500 mn issue
India's largest private sector lender ICICI Bank Wednesday hit the US dollar debt market with a benchmark issue, under which it plans to raise up to USD 500 million, market sources said.
Aug 05, 2015, 19:43 PM IST
Infusion of Rs 70,000 cr in PSBs will fuel economic gowth: FICCI
Welcoming government's plan to recapitalise public sector banks with infusion of Rs 70,000 crore over the next four years, FICCI Monday said it augurs well for the banking sector and will help fuel economic growth.
Aug 03, 2015, 23:05 PM IST
Check misuse of user-id, password: CVC to banks, insurance firms
It was also noticed that the officers were not frequently changing their password. "
Aug 03, 2015, 15:24 PM IST
Bankers see higher PPF rate limiting more deposit rate cuts
Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.
Aug 02, 2015, 14:55 PM IST
