Asset quality – the pain hasn’t disappeared yet for PSU Banks

The PMEAC has suggested the government to dilute its stake in PSU banks to 51 percent.

PSU bank unions threaten to go on strike on Dec 20

Four bank employees unions have threatened to go on strike on Thursday to protest against the proposed Banking Laws (Amendment) Bill and mergers of the banks.

Asset quality deteriorates @ PSU banks

While private sector banks continue to deliver good results, PSU banks have disappointed on earnings front.

FinMin officials meet PSU banks on consolidation

The Finance Ministry has held a discussion with leading PSU banks to explore the possibility of creating a few large banks through M&As.

PSU banks to get Rs 15,000 cr capital shot post-winter session

About 10 public sector banks are expected to get over Rs 15,000 crore from the govt after Parliament`s Winter Session as part of the recapitalisation exercises, which would shore up their capital against risks to over 12 percent.

Govt cuts farm loan interest subsidy to 2%

The government on Thursday slashed the
interest subsidy given to farmers on crop loans by one
percentage point to two per cent for this fiscal, a move that
is expected to bring down burden on the Central exchequer by
Rs 311 crore.

ONGC opposes Fin Min directive on surplus funds

ONGC has opposed Finance Ministry directive of parking its surplus funds with only PSU banks saying it is losing Rs 360 crore of interest revenues annually as state-run banks offer lower interest rates.

WB, India agree on $3.2 bn loan for PSU banks, IIFCL

The WB and India have
concluded negotiations for loans worth USD 3.2 bn for
recapitalising state-run banks and funding for the India
Infrastructure Finance Company Ltd, a state-run lender to
infrastructure projects.

Bank employees to call off strike today: Pranab

PSU bank employees are expected to call off their strike on Friday, Finance Minister Pranab Mukherjee told the Lok Sabha.