Finance Ministry to meet PSU banks on Apr 28 to review stalled projects
Concerned over rising bad loans in the infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks on April 28 to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.
Apr 17, 2015, 20:28 PM IST
Finmin may relax norms for appt of CEO, MD in 5 PSU banks
The Finance Ministry may relax the eligibility criteria for selection of CEOs and MDs of five PSU banks if applicants in the ongoing selection process fail to pass muster with RBI's scrutiny.
Apr 12, 2015, 13:57 PM IST
No stake sale in PSBs at current distressed valuation: Jayant Sinha
The government on Monday said it will not dilute stake in public sector banks at current distressed valuation.
Apr 06, 2015, 23:55 PM IST
Central Bank tops list with highest NPAs among PSU banks
According to the data provided by the RBI to the Finance Ministry, Central Bank of India's 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).
Apr 05, 2015, 13:31 PM IST
Govt revamps selection norm for non-official directors in PSBs
To ensure efficient management of PSU banks and insurance companies, the government has revamped the procedure for appointment of non-official directors and will invite online applications from candidates.
Apr 01, 2015, 21:15 PM IST
SBI may offer stock options, recruit specialists to overhaul debt-heavy sector
State Bank of India , the country`s largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.
Apr 01, 2015, 11:08 AM IST
RBI to soon issue norms for Central Fraud Registry: Mundra
The proposed institution, which will enable quick sharing of information on entities found to be defrauding banks, would work under the supervision of RBI, he said.
Mar 29, 2015, 11:26 AM IST
RBI proposes to reduce bank's exposure in corporate house
With an aim to reduce risk in the banking sector, RBI has proposed to limit exposure of a bank to a business group to 25 percent of its capital, down from the existing level of 55 percent.
Mar 28, 2015, 18:22 PM IST
Don't outsource loan processing tasks: RBI to bankers
Concerned over the rising number of loan default cases, the Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
Mar 23, 2015, 15:49 PM IST
Sebi relaxes debt-equity conversion norms for banks
In a major fillip to banks struggling with bad loans, markets regulator Sebi on Sunday relaxed its norms for conversion of their debt into equity in companies that are in distress and unable to repay funds.
Mar 22, 2015, 15:15 PM IST
Expect PSU banks to cut interest rates: FM Jaitley
With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley on Sunday said he expects the lenders to cut interest rates soon.
Mar 22, 2015, 13:54 PM IST
Frauds worth Rs 11,022 crore detected in PSU banks in Apr-Dec
PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.
Mar 22, 2015, 13:25 PM IST
Govt to reduce holding in PSBs to 52% in a phased manner
Government has decided to bring down its holding in public sector banks (PSBs) to 52 percent in a phased manner to ensure that capital needs of banks are taken care of, Parliament was informed Tuesday.
Mar 17, 2015, 18:16 PM IST
Yes Bank targets larger share of retail market
Yes Bank, India`s fourth-largest private sector lender by assets, aims to increase the proportion of retail deposits on its books to 60 percent in three years as it expands its appeal to consumers to take on its bigger rivals.
Mar 17, 2015, 17:59 PM IST
9 EDs appointed in various PSU banks
The government Wednesday approved appointment of nine Executive Directors (EDs) in various public sector banks, including BoB, BoI and Canara Bank.
Mar 11, 2015, 22:19 PM IST
FM Arun Jaitley to review performance of PSU banks today
Finance Minister Arun Jaitley will meet the heads of public sector banks Wednesday to review the banks' performance and persuade them to pass on the RBI's rate cut benefit to borrowers to prop growth.
Mar 11, 2015, 02:05 AM IST
Arun Jaitley to meet heads of PSU banks Wednesday
Finance Minister Arun Jaitley will meet the heads of public sector banks Wednesday to review the banks' performance and persuade them to pass on the RBI's rate cut benefit to borrowers to prop growth.
Mar 10, 2015, 17:03 PM IST
IDBI Bank to raise Rs 20,000 cr from bond issuance in FY'16
In order to fund its business growth, state-owned IDBI Bank Wednesday said it plans to raise Rs 20,000 crore through bond issuance in more than one tranches from domestic market next fiscal.
Mar 04, 2015, 21:10 PM IST
Banks board bureau to be set up in next 4 mths: FinMin
Finance Ministry Monday said an autonomous banks board bureau is expected to be constituted in the next four months for improving governance of public sector banks.
Mar 02, 2015, 23:18 PM IST
Govt to bring 21st century financial system to every doorstep
Government is committed to bring 21st century financial system to every household in the country and was taking a number of steps in this regard, Lok Sabha was informed on Friday.
Feb 27, 2015, 16:13 PM IST
