Bank employees to go on nationwide strike on Tuesday
Operations at public sector banks may be hit on Tuesday as most unions under the aegis of United Forum of Bank Unions (UFBU) have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans in the banking sector.
Feb 27, 2017, 16:35 PM IST
Rs 10,000 crore sufficient in 2017-18 for bank recapitalisation: Vinod Rai
The central government has provided Rs 10,000 crore for recapitalisation of banks owned by it in the Union Budget 2017-18.
Feb 16, 2017, 19:58 PM IST
Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra
Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of 8-9 percent, according to a report by India Ratings and Research (Ind-Ra).
Feb 15, 2017, 17:35 PM IST
Ind-Ra maintains stable outlook for large public, private banks
Domestic rating agency Indian Ratings and Research on Wednesday released a report on health of large public sector banks and private banks.
Feb 15, 2017, 11:57 AM IST
362 women directors appointed at CPSUs in last 3 years: Govt
As many as 155 women directors were appointed in 2015-16 to CPSUs while the number stood at 110 in 2014-15 fiscal.
Feb 03, 2017, 14:57 PM IST
Many PSU banks may skip dividend payout this fiscal
Hit by demonetisation and mounting bad loans, some public sector banks (PSBs) may skip paying dividend which will have implications for government receipts in the current fiscal.
Jan 17, 2017, 16:42 PM IST
Bank employees unions contest proposal for performance linked pay
Bank employees unions have expressed their stiff opposition to any move to introduce performance linked incentive for public sector banks proposed by Banks Board Bureau (BBB) chief Vinod Rai.
Jan 10, 2017, 15:51 PM IST
Demonetisation: Govt seeks report on malpractices by bank officials
Days after Prime Minister Narendra Modi warned those who indulged in malpractices during the 50-day demonetisation drive, the Finance Ministry has asked public sector banks to submit a report on the involvement of officials illegally changing currency notes.
Jan 03, 2017, 17:12 PM IST
CWE RRB V scale I officers main exam 2016 call letters issued; Check www.ibps.in
Main exam call letter for recruitment of CWE RRB scale I officers has been issued.
Nov 28, 2016, 16:40 PM IST
Mundra flags concern over 'leaderless banks', calls for revamp
Concerned over large number of retirements of senior officials at public sector banks (PSBs) in the near future, Reserve Bank Deputy Governor SS Mundra on Wednesday pressed for the need to focus on HR management and said there cannot be a "leaderless bank".
Sep 28, 2016, 13:05 PM IST
Banks need greater initiative to sell assets: FM Jaitley on bad loans
Describing the NPA situation of public sector banks as still challenging, Finance Minister Arun Jaitley on Friday said "greater initiative" is needed by them in cases where it is difficult to find buyers or "alternative promoters" for assets that have accumulated bad loans.
Sep 16, 2016, 17:02 PM IST
GST top priority, tax rates to come down: FM Arun Jaitley
According top priority to the implementation of GST, Finance Minister Arun Jaitley on Wednesday sounded confident on the tax rates coming down once the indirect taxation regime is put in place.
Sep 07, 2016, 13:35 PM IST
Urjit Patel checks in at RBI to complete Rajan's 'deep surgery'
Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out -- finishing the 'unfinished agenda' of his predecessor on completing 'deep surgery' of banks and winning the war on inflation.
Sep 04, 2016, 16:50 PM IST
Next round of capital infusion in PSBs post Q3 results
Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.
Sep 04, 2016, 12:58 PM IST
PSU bank employees to join trade union strike tomorrow
Banking operations are likely to be hit Friday as employees of six public sector banks have decided to join the stir that has been called by central trade unions to protest against "anti-labour policies" of the government.
Sep 01, 2016, 16:24 PM IST
Pace of new bad loan formation has decelerated: RBI
RBI Deputy Governor S S Mundra on Tuesday said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.
Aug 23, 2016, 14:06 PM IST
Reduce government oversight of PSBs, give more power to boards: Raghuram Rajan
Suggesting a major reduction in government and regulatory oversight of public sector banks (PSBs), including by RBI itself, the outgoing Governor also proposed withdrawing the central bank nominees from their boards.
Aug 16, 2016, 16:39 PM IST
PSU banks employees strike may affect transactions worth Rs 15,000 crore
A day-long strike by public sector banks' employees to protest proposed merger of SBI associates with the parent and other issues is likely to affect transactions worth Rs 12,000 crore to Rs 15,000 crore, Assocham has said.
Jul 29, 2016, 13:47 PM IST
PSBs capital needs significantly higher than budgeted: Moody's
Government's Rs 23,000-crore equity infusion will provide some respite to the public sector banks (PSBs), but their capital needs are significantly higher than the budgeted amount, Moody's Investors Service has said.
Jul 22, 2016, 10:28 AM IST
PSBs' loan growth to remain muted at 9% till FY19: Report
Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report.
Jul 14, 2016, 11:18 AM IST
