LIC in talks with state-run banks for Nomura stake sale
Life Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 percent stake held by its Japanese partner Nomura in its mutual fund arm, sources at the insurance behemoth said.
Oct 22, 2015, 23:13 PM IST
CCEA approves Rs 7K-crore loan from banks to clear urea subsidy
The loan together with government interest thereon has been repaid from budget estimate for 2015-16 within the sanctioned budget under the vote on account.
Oct 14, 2015, 15:57 PM IST
FM Jaitley for independence to PSBs from political decision-making
Pitching for public sector banks being given independence from political decision-making, Finance Minister Arun Jaitley on Monday said efforts are on to professionalise all personnel-related issues at these banks.
Sep 28, 2015, 19:25 PM IST
PSBs should be given independence from political decision-making: FM Jaitley
Pitching for public sector banks being given independence from political decision-making, Finance Minister Arun Jaitley on Monday said efforts are on to professionalise all personnel-related issues at these banks.
Sep 28, 2015, 15:16 PM IST
States will have to finance loss-making discoms: FM Jaitley
Making it clear that states will have to finance their loss-making electricity boards, Finance Minister Arun Jaitley on Monday said a plan has been worked out by the Power Ministry and it would now discuss the same with the respective state governments and their discoms.
Sep 21, 2015, 11:02 AM IST
Strengthening public sector banks top priority, merger can happen later: FM Jaitley
Talking about the steps being taken to strengthen the banks, Jaitley said, "Rs 70,000 crore is not the only money. Rs 1.10 lakh crore is coming through issuance of additional capital.
Sep 21, 2015, 10:35 AM IST
Banks seek shareholders' nod for Rs 5,934-crore capital infusion
Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.
Aug 22, 2015, 22:33 PM IST
All-out efforts on to bring down PSU banks' NPA: Jaitley
Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.
Aug 21, 2015, 14:27 PM IST
Govt issues norms for selection of CEOs of smaller PSBs
As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.
Aug 20, 2015, 19:57 PM IST
Payments banks pose risk to public lenders market share: Fitch
The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.
Aug 20, 2015, 12:23 PM IST
Capital infusion breather for PSU banks, but not enough: S&P
Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.
Aug 19, 2015, 15:38 PM IST
No more hiring from private sector for PSB top jobs: FinMin
Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry Sunday said further such hiring of CEO and Managing directors in banks would be from existing public sector talent pool and not from outside.
Aug 16, 2015, 19:06 PM IST
Public sector banks get revamp plan, political interference to be checked: FM
The government has decided to inject Rs 70,000 crore in PSBs in four-year period starting this fiscal with Rs 25,000 crore.
Aug 14, 2015, 19:38 PM IST
India needs to cut political interference in state banks: FM Jaitley
India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.
Aug 14, 2015, 18:44 PM IST
No cause of panic or alarm on banking sector situation: FM Jaitley
Jaitley further said that the recent initiatives taken by the government has helped fix some issues in PSU Banks.
Aug 14, 2015, 16:25 PM IST
Govt to infuse Rs 70,000 cr in PSU banks in 4 years: Arun Jaitley
Government proposes to infuse Rs 70,000 crore in public sector banks in four years from budgetary allocations, Finance Minister Arun Jaitley said Tuesday.
Aug 11, 2015, 16:57 PM IST
Increase strength of women in PSBs: Parl panel
A parliamentary panel Wednesday recommended evolving a strategy for women reservation in public sector banks (PSBs) to increase their strength and representation in the banking sector, which it said was "not promising".
Aug 05, 2015, 21:46 PM IST
Capital infusion cannot be an endless ritual: House Panel
Pulling up public sector banks, the Standing Committee on Finance on Friday said they should generate funds internally for their recapitalisation instead of depending on budgetary support as it cannot be an "endless ritual".
Jul 31, 2015, 21:56 PM IST
Capital infusion of Rs 20,000 crore in public sector banks likely by September
Finance Ministry is expected to disburse about Rs 20,000 crore to various public sector banks in the next two months to shore up their capital base.
Jul 31, 2015, 20:15 PM IST
Capital infusion of Rs 25,000 crore a good beginning: Rajan
Reserve Bank Governor Raghuram Rajan on Friday said Rs 25,000 crore of capital infusion planned by the government in public sector banks this fiscal is "adequate and a good beginning".
Jul 31, 2015, 18:36 PM IST
