Bank consolidation risks may outweigh benefits: Moody's
Efforts to consolidate 27 public sector banks into 8-10 large lenders create risks that could offset potential long-term benefits in the current weak economic environment, Moody's Investors Service said Tuesday.
Jun 28, 2016, 13:01 PM IST
Raghuram Rajan says NPAs, not higher rates, behind low credit growth
Taking on critics of his monetary policy, Reserve Bank Governor Raghuram Rajan on Wednesday blamed the record low credit growth to the stress in public sector banks and not due to high interest rates.
Jun 22, 2016, 19:09 PM IST
Indian public sector banks need Rs 1.2 lakh crore capital infusion: Moody's
Indian public sector banks (PSBs) will require a capital infusion of Rs 1.2 lakh crore by 2020, in view of the heavy losses reflected in their balance sheets in 2015-16, global credit rating agency Moody`s Investors Service said in a report on Friday.
Jun 10, 2016, 16:16 PM IST
PSB losses on higher provisioning, will provide more funds: Finance Minister
New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.
Jun 06, 2016, 14:54 PM IST
Defaulters won't be allowed to sleep well: Finance Minister
Amid 10 state-run lenders suffering losses of over Rs 15,000 crore in the March quarter, Finance Minister has promised greater capital support to banks while warning that defaulters cannot be allowed to "sleep well", leaving all the worry to bankers.
Jun 05, 2016, 14:21 PM IST
India's 10 largest public sector banks
Checkout India's 10 largest public sector banks
Jun 03, 2016, 12:37 PM IST
FM Arun Jaitley to meet heads of PSU banks on June 6
Amid mounting bad loans and record losses by several public sector banks, Finance Minister Arun Jaitley will hold a meeting with the heads of PSBs on June 6 to find ways to deal with the situation.
May 25, 2016, 15:43 PM IST
Arun Jaitley baffled why Congress not passing GST Bill
Finance Minister Arun Jaitley on Wednesday said that he was baffled as to why Congress is not allowing the passage of Goods and Services (GST) Bill.
May 18, 2016, 13:25 PM IST
Any merger initiative has to come from board of banks: Jayant Sinha
The government Tuesday set the record straight on merger of public sector banks, saying any initiative has to come from the board of the banks concerned, and its role is that of a facilitator.
May 10, 2016, 17:36 PM IST
Poor asset quality of PSBs a risk to sovereign rating: Moody's
Moody's Investors Service on Tuesday cautioned that a prolonged worsening in asset quality at PSU banks is the main threat to India's sovereign credit profile and made a case for the government bearing some of the cost of cleaning up bank balancesheets.
Apr 26, 2016, 11:45 AM IST
Govt must provide more capital as PSBs can't tap markets: Moody's
Public sector banks (PSBs) will not be able to raise funds from the markets and government will have to provide capital support to them in the near term given their weak solvency position, Moody's has said.
Apr 25, 2016, 15:40 PM IST
Bankers wary of writing down bad loans: Chief Economic Advisor
Chennai: Public sector bankers are wary of writing down bad loans for fear of "referee institutions" like CBI and CVC going after them, Chief Economic Advisor Arvind Subramanian said today.
Apr 23, 2016, 23:26 PM IST
Bankers wary of writing down bad loans: Chief Economic Advisor
Chennai: Public sector bankers are wary of writing down bad loans for fear of "referee institutions" like CBI and CVC going after them, Chief Economic Advisor Arvind Subramanian said today.
Apr 23, 2016, 23:26 PM IST
BBB to meet again today; NPAs, funds infusion on the table
BBB will also decide on filling board-level vacancies in various banks.
Apr 22, 2016, 10:34 AM IST
BBB to meet again; NPAs, funds infusion on the table
The newly-constituted Bank Board Bureau's (BBB) second meeting is coming up on Friday to deliberate on a host of issues, including consolidation, stressed assets and capital infusion.
Apr 21, 2016, 16:18 PM IST
Public sector banks delay action against nearly 100 corrupt officers
Public sector banks have delayed action against nearly 100 corrupt officers despite the uproar over cases of bank fraud and non-performing assets, according to a CVC report.
Apr 10, 2016, 12:07 PM IST
Vijaya Bank to get Rs 220 crore capital infusion from govt
State-run Vijaya Bank today said the government has approved a capital infusion of Rs 220 crore in lieu of preferential allotment of shares.
Mar 30, 2016, 13:40 PM IST
3 PSU banks to get Rs 2,375-crore capital infusion from govt
As many as three public sector lenders including Bank of India and Central Bank of India on Tuesday received the approval from government for capital infusion of up to Rs 2,375 crore.
Mar 29, 2016, 20:23 PM IST
BoI to get Rs 1,150-cr capital infusion from govt
State-run Bank of India (BoI) on Tuesday said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares.
Mar 29, 2016, 17:04 PM IST
UCO Bank, Syndicate Bank, other PSBs to get capital of Rs 5,050 crore by govt
Parliament has already approved Rs 5,050 crore for meeting additional expenditure on recapitalisation of public sector banks (PSBs) earlier this month.
Mar 29, 2016, 11:44 AM IST
