Canara Bank ups ATM installation target to 1,000 this fiscal
The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.
Jul 26, 2015, 12:38 PM IST
RBI's Gandhi asks PSU banks to space out fund-raising plans
Gandhi said there is a need for banks to shore up their capital in view of the migration to the capital-intensive Basel-III framework over the next four years and added that there are many ways to do so.
Jul 14, 2015, 15:38 PM IST
IndusInd Bank Q1 net rises 25% on interest, fee income
Private sector IndusInd Bank Monday posted a 25 percent rise in its June quarter net profit at Rs 525 crore driven by increase in interest and fee income.
Jul 13, 2015, 20:15 PM IST
Arun Jaitley says 8-10% growth achievable, tax revenues growing
He also said monsoons are progressing well and there are expectations that "rain gods will be kinder" this year, which would result in higher production of pulses and other items.
Jul 12, 2015, 15:57 PM IST
PSU banks need higher capitalisation for dealing with NPAs
"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said here.
Jul 06, 2015, 15:37 PM IST
'Challenges for PSU banks remain despite uptick in economy'
Fitch Ratings' on Monday said challenges for state-owned banks remain despite improving macro picture.
Jul 06, 2015, 10:22 AM IST
Union Bank gets shareholder nod to raise up to Rs 3,700 cr
The stock closed at Rs 153.05 on BSE on Friday, down 0.97 percent.
Jun 27, 2015, 18:11 PM IST
Govt to infuse additional Rs 11,500 crore in PSU banks in FY16
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said Friday.
Jun 26, 2015, 21:03 PM IST
Finance Ministry assessing capital requirement of PSU banks
The Finance Ministry has asked public sector banks to submit their immediate and mid-term capital requirement from the government to comply with global capital adequacy norms and also to fund their growth plans.
Jun 24, 2015, 19:32 PM IST
Public sector banks should disclose details of bad debts: HC
Public sector banks should disclose details of cases pertaining to persons and establishments whose bad debts of over Rs 100 crore have been written off, the Delhi High Court has held.
Jun 24, 2015, 19:29 PM IST
Rajan-led panel shortlists 11 for PSU banks MD post
It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.
Jun 21, 2015, 16:05 PM IST
India's banking norms 'rigorous' than Basel framework: Panel
India's banking norms in certain aspects are more rigorous than what has been prescribed under the Basel III framework for capital adequacy, says a report.
Jun 15, 2015, 21:19 PM IST
Finance Ministry may finalise additional fund needs for banks in 3 months
The Finance Ministry is likely to finalise additional capital requirement, over and above budget provision of about Rs 8,000 crore, for public sector banks in the next three months.
Jun 14, 2015, 11:04 AM IST
Interviews for CEO posts at 5 large PSU Banks start from Monday
As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.
Jun 14, 2015, 10:49 AM IST
FM Jaitley's plain speak with banks, asks them to cut rates
"The Finance Minister asked the CEOs of both the public and private banks to effect a corresponding rate cut of 75 basic points in response to RBI rate cut of same basis points since January," an official statement said.
Jun 12, 2015, 18:33 PM IST
FM Jaitley promises additional capital for PSU banks
"Banks have made a strong case for additional capital... And over the next few months, this is something the government is going to seriously look at," Jaitley said after meeting heads of PSU banks here.
Jun 12, 2015, 17:03 PM IST
Greater rate cuts by banks in offing: FM Jaitley
An assurance to this effect was given by the bank chiefs at a meeting where their financial performance and other parameters, including transmission of the RBI rate cuts, were reviewed, Jaitley told reporters after the meeting.
Jun 12, 2015, 16:51 PM IST
Finance Minister to meet heads of PSU banks tomorrow
The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.
Jun 12, 2015, 12:37 PM IST
Arun Jaitley to meet heads of PSU banks Friday
Finance Minister Arun Jaitley will meet the heads of PSU banks Friday to review their performance and bad loans situation as also to persuade them to pass on RBI's rate cut benefit to borrowers for propping growth.
Jun 11, 2015, 20:01 PM IST
RBI seeks more funds for recapitalisation of banks
The Reserve Bank Thursday said Rs 7,940 crore earmarked for recapitalisation of PSU banks in the current fiscal is not adequate and has asked Finance Ministry to increase the quantum of assistance in view of mounting bad loans and to support growth.
Jun 11, 2015, 17:44 PM IST
