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
RBI for better strategies to deal with problem of bad loans
Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.
Jun 11, 2015, 15:08 PM IST
RBI allows banks to takeover ownership of stressed firm
Providing more teeth to lenders, RBI Monday allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe.
Jun 08, 2015, 21:50 PM IST
FM Jaitley to meet heads of PSU banks this week
The meeting will review credit offtake and the progress made under the Jan Dhan Yojana and Prime Minister social security scheme among other things, sources said.
Jun 07, 2015, 14:27 PM IST
More PSU banks cut lending, deposit rates
Two PSU banks, Central Bank of India and Syndicate Bank, Friday announced a cut in their lending rates while two others reduced deposit rates after RBI lowered the policy rate by 0.25 percent this week.
Jun 05, 2015, 19:33 PM IST
Splitting CMD post of PSBs a dangerous proposition: Assocham
Bifurcation of Chairman and Managing Director's post may not augur well for the public sector banks as it may lead to inefficiencies and bureaucratic hassles rather than improvement, Assocham said in a report.
May 25, 2015, 21:13 PM IST
Canara Bank reports Q4 net profit flat at Rs 613 crore
Canara Bank Monday reported an almost flat growth in net profit at Rs 613 crore during the fourth quarter of the 2014-15 fiscal as against Rs 611 crore in the same period last year, owing to rise in NPAs.
May 25, 2015, 21:09 PM IST
Sebi should decide fast on halting PSU stock trade on stake sale day: Govt
Currently, once a disinvestment proposal is firmed up, the decision has to be intimated to the stock exchange two days before the sale.
May 24, 2015, 11:52 AM IST
FM Jaitley to soon meet PSU bankers on NPA, stake sale issues
Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.
May 19, 2015, 12:56 PM IST
Banks may issue AT-1 bonds to bolster capital: Fitch
Indian banks are expected to significantly increase their issuance of Additional Tier-One (AT-1) debt over the medium term to address weaknesses in capitalisation, global credit rating agency Fitch said Monday.
May 18, 2015, 22:03 PM IST
Federal Bank, SBI Card collaborate to launch credit cards
Private sector Federal Bank along with card issuing company SBI Card Monday launched co-branded credit cards.
May 18, 2015, 20:44 PM IST
RBI does away with calendar of reviews for boards of banks
The RBI has done away with the mandatory calendar of reviews for boards of banks in order to make their functioning of more effective.
May 14, 2015, 23:27 PM IST
PSU banks need more time to improve credit profile: Moody's
Indian PSU banks will need years to improve their credit profiles as the asset quality is tied up with a slow, multi-year recovery of corporate balance sheets, said global ratings agency Moody's on Wednesday.
May 13, 2015, 14:46 PM IST
Vijaya Bank Q4 Net falls 28.7% to Rs 97 crore
Public sector Vijaya Bank Tuesday reported a 28.7 percent fall in its March quarter net profit at Rs 96.80 crore owing to a one-time provision of Rs 208 crore for salary increase.
May 12, 2015, 19:28 PM IST
Finance Ministry initiates process of identifying chairmen for PSU banks
The Finance Ministry has initiated the process of identifying persons like retired bureaucrats and bankers who could be appointed as non-executive chairmen of various public sector banks.
May 04, 2015, 17:45 PM IST
UBI, 2 other PSU lenders seek exemption from dividend payment
Three public sector banks -- Bank of India, Union Bank of India and Allahabad Bank -- have sought exemption from payment of dividend citing higher provisioning for non-performing assets (NPAs).
May 03, 2015, 13:09 PM IST
Federal Bank Q4 profit up marginally at Rs 281 cr
The bank had posted net profit of Rs 277.29 crore during the same quarter of last fiscal, 2013-14.
Apr 29, 2015, 18:46 PM IST
No rate reduction by 70 banks despite two cuts by RBI
As many as 70 banks, including 23 public sector lenders, have not passed on the benefits to their consumers from RBI's two rate cuts so far in 2015.
Apr 28, 2015, 18:03 PM IST
Govt renews search for five PSU bank chiefs; norms relaxed
As it continues its search for chiefs at five public sector banks, the government has relaxed eligibility criteria with regard to age and experience of applicants.
Apr 26, 2015, 13:58 PM IST
