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Axis Bank Q1 Net up over 18% at Rs 1,667 crore

Last Updated: Tuesday, July 22, 2014, 17:26

Private sector Axis Bank Tuesday reported 18.3 percent growth in net profit at Rs 1,667 crore for the first quarter ended June 2014.

Recapitalisation of PSU banks is on high priority: Jaitley

Last Updated: Saturday, July 19, 2014, 14:48

Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government.

FinMin examining issues concerning merger of PSU banks: Sandhu

Last Updated: Saturday, July 12, 2014, 17:54

Finance Ministry on Saturday said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.

PSU banks stock down after Budget announcement

Last Updated: Thursday, July 10, 2014, 13:10

Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.

No proposal to dilute govt ownership in PSBs below 50%: Govt

Last Updated: Tuesday, July 08, 2014, 19:21

The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.

PSU banks rating outlook likely to be stable: Report

Last Updated: Sunday, June 15, 2014, 12:15

The appointment of Narendra Modi-led BJP government has improved investors sentiments and the key benchmark indices surged to record levels.

18 PSU banks failed to meet target of setting ATMs

Last Updated: Sunday, June 15, 2014, 11:50

There are roughly about 1.4 lakh ATMs of public and private sector banks in the country.

PSU banks need to free themselves from govt influence: Raghuram Rajan

Last Updated: Tuesday, May 20, 2014, 19:46

Pitching for greater operational flexibility to public sector banks, Reserve Bank Governor Raghuram Rajan on Tuesday said they can become more competitive by distancing themselves from government influence.

RBI panel for diluting govt stake in PSBs below 50%

Last Updated: Tuesday, May 13, 2014, 22:36

The government should cut its holding in public sector banks to under 50 percent, an RBI panel report on Tuesday said, criticising the way in which the lenders are being currently governed.

PSBs to need upto Rs 5.87 tn in new capital to meet Basel-III

Last Updated: Tuesday, May 13, 2014, 21:55

State-run banks will require up to Rs 5.87 trillion in core capital by March 2018 as they migrate to the capital intensive Basel-III framework, an RBI panel said Tuesday.

FM asks banks to be tough on wilful defaulters

Last Updated: Tuesday, May 13, 2014, 19:51

Exhorting public sector banks to take tough action against wilful defaulters, Finance Minister P Chidambaram on Tuesday said a situation where "promoter is prosperous but company is sick" is not acceptable.

Banks may set up holding cos; SPV to raise funds

Last Updated: Tuesday, May 13, 2014, 19:26

The Finance Ministry Tuesday asked PSU banks to explore the possibility of setting up holding company and Special Purpose Vehicle (SPV) to raise funds for expansion as the government may not be able to provide more than Rs 8,000 crore additional capital support this fiscal.