PSU Banks' capital raises are credit positive: Moody's
On a pro forma basis, it said, the capital raise will add about 100 basis points to PNB's Common Equity Tier 1 (CET1) ratio, which was 8.1 percent as of September 2017.
Dec 19, 2017, 13:25 PM IST
Gross NPAs of banks cross Rs 8.50 lakh crore in 1st half: Govt
RBI has issued directions to certain banks for referring 12 accounts, with fund and non-fund based outstanding amount greater than Rs 5,000 crore and with 60 percent or more classified as non-performing as of March 31, 2016, to initiate insolvency process under the Insolvency and Bankruptcy Code, 2016, Minister of State for Finance Shiv Pratap Shukla said.
Dec 18, 2017, 18:59 PM IST
FRDI Bill depositor friendly, provides more protection: FinMin
The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).
Dec 07, 2017, 17:52 PM IST
Fitch may revise banks' rating if recapitalisation done early
In October, the government had announced a Rs 2.11 trillion capital infusion for public sector banks over the next two years.
Nov 30, 2017, 16:04 PM IST
FinMin giving final touches to recap bonds, FM nod likely soon
The framework once cleared will go to Parliament for necessary approvals, another official said.
Nov 29, 2017, 17:57 PM IST
No loan waiver for capitalists, says Arun Jaitley
Observing that the time has come for the nation to be apprised of facts in this regard, Finance Minister Arun Jaitley said one should ask at whose behest the loans, which have turned NPAs were disbursed between 2008 and 2014 by public sector banks.
Nov 28, 2017, 16:34 PM IST
Finmin asks PSU banks to act swiftly to deal with NPAs
Banks were also advised to look at cases where settlement can be done as part of lowering the burden.
Nov 13, 2017, 16:56 PM IST
Govt to put more capital in PSBs to strengthen them: Jaitley
Last month, the government had unveiled a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks.
Nov 12, 2017, 17:29 PM IST
Limited space for further cut in lending rate: SBI chief
Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.
Nov 09, 2017, 14:23 PM IST
PSBs stocks surge up to 8% as govt's recapitalisation plan continues to drive investor sentiment
Key Indian equity indices on Monday scaled fresh highs both on closing as well as intra-day basis.
Oct 30, 2017, 20:23 PM IST
Recapitalisation plan positive for banks' ratings: Fitch
The lending growth is still likely to remain weak, at least in the short term, as banks will prioritise asset resolution and provisioning over expansion, Fitch said.
Oct 26, 2017, 11:20 AM IST
Capital infusion of PSBs to support credit growth, job creation
The government on October 24 unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.
Oct 25, 2017, 11:18 AM IST
Banks need to set aside Rs 3.3 lakh crore as NPA provisioning in FY18
The report said with the economic value of assets underlying NPAs eroding with time, and resolutions are hard to come by, banks would need to step up on provisioning, mainly for large corporate NPAs.
Oct 12, 2017, 21:15 PM IST
No respite for banks as bad loans hit record $146 billion
A review of Reserve Bank of India (RBI) data obtained through right-to-information requests shows banks' total stressed loans - including non-performing and restructured or rolled over loans - rose 4.5 percent in the six months to end-June.
Oct 11, 2017, 12:39 PM IST
Govt appoints executive directors in 9 public sector banks
Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.
Oct 10, 2017, 14:53 PM IST
Govt to lower number of PSBs to 10-15: FinMin advisor
FinMin advisor said bad loan problems is the first priority and after that the PSU banks could be consolidated.
Oct 06, 2017, 17:34 PM IST
Banks need $65 billion additional capital to meet Basel III norms: Fitch
Weak capital positions have a major negative influence on the banks' viability ratings which will come under more pressure if the problem is not addressed, it added.
Sep 12, 2017, 13:31 PM IST
Biggest challenge is to clean up balance sheets of PSBs: Raghuram Rajan
Later, responding to a query on post of Governor of RBI, he said it was always "tested". Referring to his earlier stint as Chief Economic Advisor with the Finance Ministry, he said he had seen both sides of the equation.
Sep 06, 2017, 00:29 AM IST
Public sector Indian Bank revises interest rates
Interest rates for deposits of three years and above but less than four years, have been revised to 2.67 per cent from existing 2.75 per cent.
Sep 01, 2017, 16:59 PM IST
Cash deposits of Rs 2.89 lakh crore in 13.33 lakh accounts post note ban under I-T radar
9.72 lakh persons have deposited Rs 2.89 lakh crore in 13.33 lakh accounts post demonetisation, the I-T department said.
Aug 31, 2017, 16:57 PM IST
