Panel to interview 35 candidates for ED post in PSBs Thursday
A government-appointed selection panel would start interviews of 35 candidates Thursday to fill vacancies of 14 Executive Directors in various public sector banks.
Dec 24, 2014, 20:19 PM IST
PM to brainstorm with bankers on PSB reforms on Jan 3
Prime Minister Narendra Modi will hold discussions with bankers on January 3 at Pune to draw an "action plan" for reforms in the public sector banks (PSBs).
Dec 24, 2014, 12:48 PM IST
Finance Ministry asks PSBs to submit capital raising plans
The Finance Ministry has asked all public sector banks to submit capital raising plans following the Cabinet approval to reduction in government's stake in state-run lenders to 52 percent.
Dec 21, 2014, 11:30 AM IST
State-run banks to find capital raising challenging: Fitch
State-owned banks are likely to continue to raise funds through additional Tier-I capital to meet the Basel III norms even as the government plans to pare its holdings in such financial institutions, says a report.
Dec 12, 2014, 20:33 PM IST
Public sector banks may issue equity with differential voting rights: SBI
With the government indicating that it won't continue to fund public sector banks (PSBs), SBI chairperson Arundhati Bhattacharya on Thursday said they could look at issuing shares with differential voting rights to raise funds to meet the Basel-III capital adequacy norms.
Dec 11, 2014, 14:33 PM IST
Cabinet nod to market fund raising by PSBs, cut govt stake to 52%
The government Wednesday allowed public sector banks to raise up to Rs 1.60 lakh crore from markets by diluting government holding to 52 percent in phases so as to meet Basel III capital adequacy norms.
Dec 10, 2014, 22:38 PM IST
Four-day relay strike by PSU banks staff ends
The four-day relay strike by employees of public sector banks has ended with western region staff going off work Friday to press for wage hike.
Dec 05, 2014, 21:28 PM IST
24,89,185 bank accounts opened under PMJDY in Haryana
As many as 24,89,185 bank accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) in the state as on November-end this year, Haryana Finance Minister Capt Abhimanyu said on Thursday.
Dec 04, 2014, 16:25 PM IST
Disinvestment in PSBs in phased manner under consideration: FM
With an aim to help public sector banks raise capital, government is considering to reduce its stake up to 52 percent in a phased manner in these banks, Finance Minister Arun Jaitely said Tuesday.
Dec 02, 2014, 21:19 PM IST
PSU banks wrote off Rs 34,000 cr loan in FY 2014: Sinha
Public sector banks, including SBI, PNB and Central Bank of India, have written off about Rs 34,000 crore, including one-time settlement, during 2013-14, which constitutes 34 percent of the total non-performing assets.
Dec 02, 2014, 18:37 PM IST
Banks employees to go on relay zonal strike from today
Employee unions of public sector banks across the country will go on zone-wise relay strike from Tuesday to Friday to press for wage revision.
Dec 02, 2014, 02:40 AM IST
Public sector banks to get autonomy on appointment of auditors
The government on Friday said that public sector banks would get autonomy in selection and appointment Statutory Central Auditors (SCAs) from next fiscal.
Nov 28, 2014, 21:03 PM IST
Defaulting large borrowers are like freeloaders: Rajan
Accusing some large borrowers of enjoying "riskless capitalism", RBI Governor Raghuram Rajan on Tuesday said such entities were responsible for making banks' credit profile unhealthy and these big clients were in effect becoming 'freeloaders' in the banking system.
Nov 25, 2014, 19:43 PM IST
Public sector banks may take hit of Rs 96K cr due to coal block cancellation
Public sector banks may take a hit of Rs 96,484 crore due to cancellation of coal blocks to power projects, Minister of State for Finance Jayant Sinha said on Tuesday.
Nov 25, 2014, 19:04 PM IST
Banks employees will go on relay zonal strike from Dec 2
The public sector bank employees had stopped work on November 12 on the wage issue, affecting services like cheque clearance and withdrawal from branches across the country. The strike call was given by United Forum of Bank Unions (UFBU).
Nov 22, 2014, 18:00 PM IST
Banks under under CCI lens for similar interest rates
The trend has come to the attention of the fair trade watchdog since the Reserve Bank of India (RBI) has decontrolled the interest rates and each bank is free to fix its own rate.
Nov 21, 2014, 23:07 PM IST
PSU bank employees go on strike; business as usual in pvt banks
Services at ATMs of all the banks were normal, barring a few cases where the machines ran out of cash.
Nov 12, 2014, 20:02 PM IST
Banks to have a say in selecting auditors from next year
In order to give greater autonomy to public sector banks, the Finance Ministry is working on a framework which will give lenders the authority to select statutory auditors, a pattern that would come into effect from next fiscal.
Nov 02, 2014, 11:55 AM IST
Bank unions threaten month-long stir as wage talks fail again
A day after the umbrella body of the lenders IBA rejected the union's call for steeper wage hikes, the United Forum of Bank Unions (UFBU) has said it will adopt multi-pronged agitational methods from the middle of next month to press for their demands.
Sep 28, 2014, 19:12 PM IST
State-run banks need $37 bn in fresh capital to meet Basel III
Public sector banks in India will need to raise up to USD 37 billion over the next 4-5 years to meet Basel III compliance norms, credit rating agency Moody's said Monday.
Sep 22, 2014, 17:11 PM IST
