public sector banks

PSU banks to raise Rs 1.10 lakh crore from markets in next 4 years

Public sector banks will need to raise Rs 1.10 lakh crore from markets to meet more than half of their capital requirement of Rs 1.80 lakh crore over the next four years.

Jul 31, 2015, 18:11 PM IST

Govt looking at enhancing capital allocation for PSBs: Jaitley

Government is examining the possibility of suitably enhancing the capital allocation for public sector banks (PSBs) during this fiscal, Finance Minister Arun Jaitley has informed the Rajya Sabha.

Jul 30, 2015, 20:03 PM IST

Public sector banks can raise funds from market: Sinha

With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry on Friday said they have been allowed to raise funds from market to meet capital requirements.

Jul 24, 2015, 17:27 PM IST

Govt extends interest subvention on crop loans for farmers

The government on Tuesday extended the interest subvention scheme to banks to ensure availability of crop loans of up to Rs 3 lakh to farmers at 7 percent per annum.

Jul 21, 2015, 23:14 PM IST

44 corporate borrowers owed over Rs 5K crore each to five PSBs

The government on Tuesday said as many as 44 corporate borrowers had taken loans in excess of Rs 5,000 crore each from public sector banks as of March 2015.

Jul 21, 2015, 17:25 PM IST

Financial frauds lethal parasites to economy: Jayant Sinha

Terming financial sector frauds as "lethal parasite" to the economy, Union Minister Jayant Sinha on Friday asked banks to fast-track the process of reporting such instances to help the probe agencies crack these cases.

Jul 17, 2015, 19:26 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

Govt has not decided on recapitalisation figures for banks: FM Jaitley

Talking about the Asian Infrastructure Investment Bank, Jaitley said India will be the second largest shareholder in it after China.

Jun 23, 2015, 13:15 PM IST

Public sector banks' NPAs would come down gradually: FM

Finance Minister Arun Jaitley on Tuesday said non performing assets of public sector banks would come down gradually over the next two-three quarters.

May 26, 2015, 22:28 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

RBI asks PSBs,large pvt and foreign banks to appoint ombudsman

The RBI has taken this initiative to further boost the quality of customer service and to ensure undivided attention to resolution of customer complaints.

May 11, 2015, 19:44 PM IST

Led by SBI group, PSBs dominate credits, deposits space

State-owned lenders remain dominant players in India's banking system with SBI group alone accounting for about a quarter of the market share both in the credits as well as the deposits arena.

May 10, 2015, 12:05 PM IST

Indian Overseas Bank Q4 profit plunges 87%

Indian Overseas Bank sufferd net loss for the financial year to end-March at Rs 454.33 cr.

May 08, 2015, 17:19 PM IST

New system implemented to fill top posts in public sector banks: Govt

Government on Tuesday said the process to select Chairmen and Managing Directors in public sector banks (PSBs) was taking time because a different but open system has been adopted to fill the posts.

May 05, 2015, 16:55 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

Finance Ministry to meet PSU banks today to review stalled projects

Concerned over rising bad loans in infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks Tuesday to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

Apr 28, 2015, 09:26 AM IST

FinMin to meet PSU banks Tuesday to review stalled projects

Apr 27, 2015, 19:05 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