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PSU banks may get additional capital infusion of Rs 7,000 cr

PSU banks may get additional capital infusion of Rs 7,000 cr

Last Updated: Wednesday, April 23, 2014, 20:34

To further enhance capital base, the government is planning to make additional infusion of up to Rs 7,000 crore in the public sector banks during the current fiscal.

Axis Bank to open 750 urban branches over next two years

Last Updated: Sunday, March 30, 2014, 15:20

Private sector Axis Bank has opened 250 branches in unbanked areas in FY 2014 as per the regulatory requirement, which qualifies it to launch 750 more urban branches over the next two fiscals, a top official said.

Rajan concerned about NPAs, expects situation to improve

Last Updated: Friday, March 28, 2014, 21:26

Expressing concern over rising NPAs, Reserve Bank Governor Raghuram Rajan on Friday said the situation would improve with stabilisation of the economy.

FinMin to hire external monitors to oversee disinvestment

Last Updated: Monday, March 24, 2014, 20:58

In order to ensure transparency in the disinvestment process, Finance Ministry has decided to appoint retired bureaucrats and prominent private sector executives as independent monitors to oversee working of merchant bankers and others associated with PSU stake sale.

Many ATMs yet to be upgraded from Windows XP: MS

Last Updated: Sunday, March 23, 2014, 13:14

The number of ATMs using Windows XP is higher compared to 16 percent PCs which need upgradation.

Finally, PSU-ETF is here; subscription from next week

Last Updated: Friday, March 14, 2014, 19:45

The much-awaited exchange-traded fund (ETF) of select heavyweight Central public sector units was launched by Goldman Sachs on Friday .

Private banks at high risk of losing customers: IBM study

Last Updated: Thursday, March 13, 2014, 13:48

Private sector banks in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector banks, says a study by technology giant IBM.

PSU banks need 19,813 more ATMs by March-end to meet target

Last Updated: Sunday, March 09, 2014, 14:35

State-run banks could set up only 14,855 ATMs by December, leaving an uphill task of installing close to 20,000 more cash dispensing machines by March-end to achieve the target of at least one onsite ATM in every branch.

SAIL asked to increase international presence

Last Updated: Thursday, March 06, 2014, 19:37

Noting that exports by SAIL are likely to go up in coming years, a high-level panel has asked the state-run PSU to look into possibilities of strengthening presence in international market by setting up offices abroad.

Banks well-prepared to deal with frauds: Report

Last Updated: Wednesday, March 05, 2014, 21:56

The report, which was based on responses from 24 public, private and foreign banks, said almost all the respondents have a strong and resilient regulatory compliance framework in their banks.

PSU bank stocks surge; gain as much as 6.2%

Last Updated: Wednesday, March 05, 2014, 19:14

Bank of Baroda's scrip surged 6.18 percent, while PNB rallied 4.52 percent on the BSE.

Power Grid out of PSU ETF; Fin Min files offer document

Last Updated: Tuesday, February 25, 2014, 18:18

Power Grid Corporation has been kept out of the proposed CPSE Exchange Traded Fund (ETF), which will now consist of 10 companies, including ONGC, Coal India, GAIL and Indian Oil.