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PSU bank employees to go on 2-day nationwide strike from July 12

PSU bank employees to go on 2-day nationwide strike from July 12

Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.

Arun Jaitley pledges all support to keep PSBs in 'good health'

Arun Jaitley pledges all support to keep PSBs in 'good health'

Welcoming RBI's easing of rules to allow lenders to bolster capital ratios, Finance Minister Arun Jaitley Wednesday said the government will take all steps and provide resources to keep public sector banks in good health.

HDFC Bank ranked 27th safest bank globally by 'The Banker'

HDFC Bank ranked 27th safest bank globally by 'The Banker'

The bank has been ranked 27th globally among 250 banks and stood at number 6 in Asia Pacific region, a statement said.

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, Wednesday said they have allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.

RBI official asks banks not to use govt capital to clean books

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

Govt to infuse Rs 947 crore in Canara Bank

It said the board of the bank at a meeting held today approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.

Challenging times for banking sector: RBI

Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.

'Blue-painted' West Bengal gives India its newest bank – Bandhan Bank

With Bandhan from West Bengal becoming India's newest full-service bank to begin operations, Finance Minister Arun Jaitley Sunday said a 'blue-painted' city has given birth to a new institution which was not the case when it was 'painted red' -- referring to the past Left rule.

PSU bank stocks in huge demand, BoB up 15% on revamp plan

Bank stocks were in huge demand today, surging up to 15 percent, following a slew of reform measures announced in order to revive the fortunes of the public sector lenders.

Rajan warns of action against banks hiding true NPA numbers

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

Indian Bank pays Rs 165.62 cr as dividend to govt

Indian Bank Managing Director and CEO (Additional Charge), Mahesh Kumar Jain presented the cheque to Finance Minister Arun Jaitley in New Delhi, the Chennai-based bank said in a statement.

Union Bank Q1 net dips 22% to Rs 519 cr

The bank had a net profit of Rs 664.11 crore in the April-June quarter of 2014-15 fiscal.

Public sector banks can raise funds from market: Sinha

Public sector banks can raise funds from market: Sinha

With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry on Friday said they have been allowed to raise funds from market to meet capital requirements.

Appointment of 5 PSU bank heads: SC waits for Centre's response

The Supreme Court Monday wondered why a 71-year-old man has challenged the process of appointment of heads of five public sector banks and even expressed suspicion of him being a "front man".

Appointment of 5 PSU bank heads: SC seeks Centre's response

The Supreme Court Tuesday sought responses from the Centre and Reserve Bank of India on a PIL challenging the appointment process of heads of five public sector banks and reducing the cut-off age from 58 to 55 years.

RBI further eases branch property acquisition norms for banks

Liberalising its policy for bank branches, the RBI Thursday said banks will not be required to inform the central bank on a periodic basis about disputed premises.

SBI, other PSU banks to raise over Rs 16,000 cr from market

State Bank of India (SBI) and few other public sector lenders are expected to raise funds of over Rs 16,000 crore from the market to meet their capital requirement.

Finance Ministry to meet PSU banks today to review stalled projects

Concerned over rising bad loans in infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks Tuesday to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

FinMin to meet PSU banks Tuesday to review stalled projects

Concerned over rising bad loans in infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks Tuesday to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

Andhra Bank Q4 profit jumps over twofold to Rs 185 crore

The public sector bank had posted a net profit of Rs 88.08 crore in the same period last financial year, it said in a filing to the BSE.