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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.

PSU banks to get add'l capital infusion of Rs 8,000 cr

Last Updated: Tuesday, May 13, 2014, 17:27

The government is likely to infuse additional capital of up to Rs 8,000 crore in public sector banks in the current fiscal to expand their capital base.

FM to meet heads of PSU banks, financial institutions Tuesday

Last Updated: Monday, May 12, 2014, 22:34

Amidst rising bad loans, Finance Minister P Chidambaram will review financial performance of public sector banks (PSBs) on Tuesday.

FM to meet chiefs of PSU banks, insurance cos on May 12-13

Last Updated: Sunday, May 11, 2014, 12:47

In his last meeting as Finance Minister in UPA II government, P Chidamabram will hold discussions on various issues with heads of public sector insurance companies and state-owned banks on Monday and Tuesday, respectively.