PSBs recapitalisation: Government to release 2nd tranche of funds soon
The government last year unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.
Oct 03, 2018, 15:14 PM IST
Govt aid will give capital relief to banks, but stress will remain: Moody's
The government plans to provide Rs 65,000 crore of new capital for public sector banks.
Aug 21, 2018, 17:06 PM IST
Narendra Modi's foot-in-mouth ministers should measure their words
Two Union ministers made statements that directly undermine the rule of law. This could have dangerous repercussions.
Jul 20, 2018, 13:26 PM IST
Government eying merger of four Public Sector Banks amidst rising bad loans
These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.
Jun 05, 2018, 12:28 PM IST
Photos: Bank strike across India on May 30, 2018
Banking operations in the country were hit on Wednesday as 10 lakh employees, primarily from PSU banks, went on 2-day strike to protest against a 'meagre' 2 percent salary hike offered by Indian Banks Association (IBA) - the management body.
May 30, 2018, 22:27 PM IST
Bank strike may affect customer transactions worth Rs 20,000 crore: Assocham
The UFBU, an umbrella body of nine bank unions, has gone on strike against the proposed wage hike of 2 percent as against 15 percent given last time.
May 30, 2018, 20:14 PM IST
21 Public Sector Banks lost Rs 25,775 crore in bank frauds in 2017-18: RTI
The Punjab National Bank (PNB) had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud during the fiscal .
May 28, 2018, 11:23 AM IST
Except SBI, rest state-run banks should be privatised, says Arvind Panagariya
The former NITI Aayog vice-chairman also said that political parties should mention privatisation of PSBs in their 2019 general election manifesto.
Mar 25, 2018, 18:05 PM IST
To avoid future frauds, need to rethink PSB's ownership: Arvind Subramanian
He said that we need to have radical agenda for reform of the banking sector if we want these things not happen in future.
Mar 23, 2018, 00:02 AM IST
Uday Kotak says no privatisation of PSBs will happen till 2019 elections
Kotak reveals the factors that give him the confidence about the prospects of a bright future for private banks in India.
Mar 22, 2018, 07:56 AM IST
Still wedded to Socialism, Congress has learnt nothing and forgotten nothing
The recent Congress plenary session has showed that the Congress still wants to undo the liberalisation that its own government started in 1991.
Mar 20, 2018, 12:16 PM IST
Over dozen PSBs to get Rs 46K crore capital infusion this month
These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.
Mar 09, 2018, 09:06 AM IST
Potential stressed asset accounts on decline: Report
The overall trends on Special Mention Accounts (SMAs) portfolio is on a decline.
Feb 12, 2018, 15:01 PM IST
IBPS specialist officer mains exam results declared; check ibps.in
IBPS has released the result for specialist officer main exam.
Feb 08, 2018, 18:55 PM IST
Rs 80K crore PSB recap bonds won't impact fiscal deficit: Finmin
These bonds will not have Statutory Liquidity Ratio (SLR) and have tenure of 10-15 years, Economic Affairs Secretary S C Garg told reporters here.
Jan 24, 2018, 17:54 PM IST
Jaitley charts out PSB recap plans, special monitoring of loans above Rs 250 crore
The capital infusion plan for 2017-18 includes Rs 80,000 crore through recap bonds and Rs 8,139 crore as budgetary support.
Jan 24, 2018, 16:58 PM IST
Govt seeks parliamentary nod for additional Rs 80,000 crore bonds for Bank recapitalisation
This is the third supplementary demand by the government in the current fiscal.
Jan 04, 2018, 13:23 PM IST
No proposal of PSB merger under consideration: Govt
To facilitate consolidation in the public sector banking space, the Cabinet in August gave in-principle approval for PSBs to amalgamate through an Alternative Mechanism (AM).
Jan 02, 2018, 18:38 PM IST
FinMin asks PSBs to consider selling, swapping loan assets
Depending on their competencies, banks can look at opportunities to buy or swap loan assets, sources said, adding this was one of the issues discussed during PSB Manthan last month.
Dec 31, 2017, 13:28 PM IST
Finance Ministry likely to issue first tranche of recapitalization bonds to PSBs in January
The recapitalization bonds will not be sold in open market and will be issued to all banks.
Dec 26, 2017, 14:04 PM IST
