public sector banks

Potential stressed asset accounts on decline: Report

Potential stressed asset accounts on decline: Report

The overall trends on Special Mention Accounts (SMAs) portfolio is on a decline.

Feb 12, 2018, 15:01 PM IST
IBPS specialist officer mains exam results declared; check ibps.in

IBPS specialist officer mains exam results declared; check ibps.in

IBPS has released the result for specialist officer main exam.

Feb 08, 2018, 18:55 PM IST
Rs 80K crore PSB recap bonds won't impact fiscal deficit: Finmin

Rs 80K crore PSB recap bonds won't impact fiscal deficit: Finmin

These bonds will not have Statutory Liquidity Ratio (SLR) and have tenure of 10-15 years, Economic Affairs Secretary S C Garg told reporters here.

Jan 24, 2018, 17:54 PM IST
Jaitley charts out PSB recap plans, special monitoring of loans above Rs 250 crore

Jaitley charts out PSB recap plans, special monitoring of loans above Rs 250 crore

The capital infusion plan for 2017-18 includes Rs 80,000 crore through recap bonds and Rs 8,139 crore as budgetary support.

Jan 24, 2018, 16:58 PM IST
Govt seeks parliamentary nod for additional Rs 80,000 crore bonds for Bank recapitalisation

Govt seeks parliamentary nod for additional Rs 80,000 crore bonds for Bank recapitalisation

This is the third supplementary demand by the government in the current fiscal.

Jan 04, 2018, 13:23 PM IST
No proposal of PSB merger under consideration: Govt

No proposal of PSB merger under consideration: Govt

To facilitate consolidation in the public sector banking space, the Cabinet in August gave in-principle approval for PSBs to amalgamate through an Alternative Mechanism (AM).

Jan 02, 2018, 18:38 PM IST
FinMin asks PSBs to consider selling, swapping loan assets

FinMin asks PSBs to consider selling, swapping loan assets

Depending on their competencies, banks can look at opportunities to buy or swap loan assets, sources said, adding this was one of the issues discussed during PSB Manthan last month.

Dec 31, 2017, 13:28 PM IST
Finance Ministry likely to issue first tranche of recapitalization bonds to PSBs in January

Finance Ministry likely to issue first tranche of recapitalization bonds to PSBs in January

The recapitalization bonds will not be sold in open market and will be issued to all banks.

Dec 26, 2017, 14:04 PM IST
PSU Banks' capital raises are credit positive: Moody's

PSU Banks' capital raises are credit positive: Moody's

On a pro forma basis, it said, the capital raise will add about 100 basis points to PNB's Common Equity Tier 1 (CET1) ratio, which was 8.1 percent as of September 2017.

Dec 19, 2017, 13:25 PM IST
Gross NPAs of banks cross Rs 8.50 lakh crore in 1st half: Govt

Gross NPAs of banks cross Rs 8.50 lakh crore in 1st half: Govt

RBI has issued directions to certain banks for referring 12 accounts, with fund and non-fund based outstanding amount greater than Rs 5,000 crore and with 60 percent or more classified as non-performing as of March 31, 2016, to initiate insolvency process under the Insolvency and Bankruptcy Code, 2016, Minister of State for Finance Shiv Pratap Shukla said.

Dec 18, 2017, 18:59 PM IST
FRDI Bill depositor friendly, provides more protection: FinMin

FRDI Bill depositor friendly, provides more protection: FinMin

The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).

Dec 07, 2017, 17:52 PM IST
Fitch may revise banks' rating if recapitalisation done early

Fitch may revise banks' rating if recapitalisation done early

In October, the government had announced a Rs 2.11 trillion capital infusion for public sector banks over the next two years.

Nov 30, 2017, 16:04 PM IST
FinMin giving final touches to recap bonds, FM nod likely soon

FinMin giving final touches to recap bonds, FM nod likely soon

The framework once cleared will go to Parliament for necessary approvals, another official said.

Nov 29, 2017, 17:57 PM IST
No loan waiver for capitalists, says Arun Jaitley

No loan waiver for capitalists, says Arun Jaitley

Observing that the time has come for the nation to be apprised of facts in this regard, Finance Minister Arun Jaitley said one should ask at whose behest the loans, which have turned NPAs were disbursed between 2008 and 2014 by public sector banks.

Nov 28, 2017, 16:34 PM IST
Finmin asks PSU banks to act swiftly to deal with NPAs

Finmin asks PSU banks to act swiftly to deal with NPAs

Banks were also advised to look at cases where settlement can be done as part of lowering the burden.

Nov 13, 2017, 16:56 PM IST
Govt to put more capital in PSBs to strengthen them: Jaitley

Govt to put more capital in PSBs to strengthen them: Jaitley

Last month, the government had unveiled a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks.

Nov 12, 2017, 17:29 PM IST
Limited space for further cut in lending rate: SBI chief

Limited space for further cut in lending rate: SBI chief

Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.

Nov 09, 2017, 14:23 PM IST
PSBs stocks surge up to 8% as govt's recapitalisation plan continues to drive investor sentiment

PSBs stocks surge up to 8% as govt's recapitalisation plan continues to drive investor sentiment

Key Indian equity indices on Monday scaled fresh highs both on closing as well as intra-day basis.

Oct 30, 2017, 20:23 PM IST
Recapitalisation plan positive for banks' ratings: Fitch

Recapitalisation plan positive for banks' ratings: Fitch

The lending growth is still likely to remain weak, at least in the short term, as banks will prioritise asset resolution and provisioning over expansion, Fitch said.

Oct 26, 2017, 11:20 AM IST
Capital infusion of PSBs to support credit growth, job creation

Capital infusion of PSBs to support credit growth, job creation

The government on October 24 unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.

Oct 25, 2017, 11:18 AM IST