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Govt approves second tranche of capital infusion in PSU banks

Govt approves second tranche of capital infusion in PSU banks

The government has approved the second tranche of capital infusion in public sector banks to enhance their capital base.

NPA formation showing declining trend in March quarter: FM Jaitley

NPA formation showing declining trend in March quarter: FM Jaitley

The rate of rise in bank's non- performing assets has slowed down in the March quarter and the steel sector has started showing signs of improvement, Finance Minister Arun Jaitley said on Wednesday.

Govt asks SBI to reconsider imposing penalty on non-maintenance of minimum balance

Govt asks SBI to reconsider imposing penalty on non-maintenance of minimum balance

Government on Monday asked SBI to reconsider imposing penalty on non-maintenance of minimum balance and cash withdrawal charges from April 1, PTI reported quoting sources.

SBI to hike minimum balance for savings a/c; hit 31 crore people

SBI to hike minimum balance for savings a/c; hit 31 crore people

State Bank of India has decided to increase manifold the minimum balance required for maintaining savings account from April 1, hitting 31 crore depositors including pensioners and students.

Exit non-core businesses: Finance Ministry advises public sector banks

Exit non-core businesses: Finance Ministry advises public sector banks

As part of capital raising exercise, the Finance Ministry has advised state-owned banks to prepare a list of their non-core assets and look at disposing them at opportune time.

India's economic, political systems yet to mature: CEA Arvind Subramanian

India's economic, political systems yet to mature: CEA Arvind Subramanian

Economic and political systems in India have "not developed maturity" for nuanced interventions and tend to take recourse to bans and restrictions, Chief Economic Advisor Arvind Subramanian said on Thursday.

Why have Bank Unions called for strike – Know here

Why have Bank Unions called for strike – Know here

Services like cash deposits and withdrawal from branches and cheque clearances have been hit hard by the strike, which has been called under the aegis of the United Forum of Bank Unions (UFBU).

Bank employees go on strike; cash deposits, cheque clearances, withdrawal services hit hard

Bank employees go on strike; cash deposits, cheque clearances, withdrawal services hit hard

Services like cash deposits and withdrawal from branches and cheque clearances have been hit hard by the strike, which has been called under the aegis of the United Forum of Bank Unions (UFBU).

Bank employees to go on nationwide strike on Tuesday

Bank employees to go on nationwide strike on Tuesday

Operations at public sector banks may be hit on Tuesday as most unions under the aegis of United Forum of Bank Unions (UFBU) have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans in the banking sector.

 

Rs 10,000 crore sufficient in 2017-18 for bank recapitalisation: Vinod Rai

The central government has provided Rs 10,000 crore for recapitalisation of banks owned by it in the Union Budget 2017-18.

Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra

Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra

Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of 8-9 percent, according to a report by India Ratings and Research (Ind-Ra).

Ind-Ra maintains stable outlook for large public, private banks

Ind-Ra maintains stable outlook for large public, private banks

Domestic rating agency Indian Ratings and Research on Wednesday released a report on health of large public sector banks and private banks.

362 women directors appointed at CPSUs in last 3 years: Govt

As many as 155 women directors were appointed in 2015-16 to CPSUs while the number stood at 110 in 2014-15 fiscal.

Many PSU banks may skip dividend payout this fiscal

Many PSU banks may skip dividend payout this fiscal

Hit by demonetisation and mounting bad loans, some public sector banks (PSBs) may skip paying dividend which will have implications for government receipts in the current fiscal.

Bank employees unions contest proposal for performance linked pay

Bank employees unions contest proposal for performance linked pay

Bank employees unions have expressed their stiff opposition to any move to introduce performance linked incentive for public sector banks proposed by Banks Board Bureau (BBB) chief Vinod Rai.

Demonetisation: Govt seeks report on malpractices by bank officials

Days after Prime Minister Narendra Modi warned those who indulged in malpractices during the 50-day demonetisation drive, the Finance Ministry has asked public sector banks to submit a report on the involvement of officials illegally changing currency notes.

CWE RRB V scale I officers main exam 2016 call letters issued; Check www.ibps.in

CWE RRB V scale I officers main exam 2016 call letters issued; Check www.ibps.in

Main exam call letter for recruitment of CWE RRB scale I officers has been issued.

Mundra flags concern over 'leaderless banks', calls for revamp

Mundra flags concern over 'leaderless banks', calls for revamp

Concerned over large number of retirements of senior officials at public sector banks (PSBs) in the near future, Reserve Bank Deputy Governor SS Mundra on Wednesday pressed for the need to focus on HR management and said there cannot be a "leaderless bank".

Banks need greater initiative to sell assets: FM Jaitley on bad loans

Banks need greater initiative to sell assets: FM Jaitley on bad loans

Describing the NPA situation of public sector banks as still challenging, Finance Minister Arun Jaitley on Friday said "greater initiative" is needed by them in cases where it is difficult to find buyers or "alternative promoters" for assets that have accumulated bad loans.

 

GST top priority, tax rates to come down: FM Arun Jaitley

GST top priority, tax rates to come down: FM Arun Jaitley

According top priority to the implementation of GST, Finance Minister Arun Jaitley on Wednesday sounded confident on the tax rates coming down once the indirect taxation regime is put in place.