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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.

 

Urjit Patel checks in at RBI to complete Rajan's 'deep surgery'

Urjit Patel checks in at RBI to complete Rajan's 'deep surgery'

Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out -- finishing the 'unfinished agenda' of his predecessor on completing 'deep surgery' of banks and winning the war on inflation.

Next round of capital infusion in PSBs post Q3 results

Next round of capital infusion in PSBs post Q3 results

Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.

PSU bank employees to join trade union strike tomorrow

PSU bank employees to join trade union strike tomorrow

Banking operations are likely to be hit Friday as employees of six public sector banks have decided to join the stir that has been called by central trade unions to protest against "anti-labour policies" of the government.

 

Pace of new bad loan formation has decelerated: RBI

Pace of new bad loan formation has decelerated: RBI

RBI Deputy Governor S S Mundra on Tuesday said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.

 

Reduce government oversight of PSBs, give more power to boards: Raghuram Rajan

Reduce government oversight of PSBs, give more power to boards: Raghuram Rajan

Suggesting a major reduction in government and regulatory oversight of public sector banks (PSBs), including by RBI itself, the outgoing Governor also proposed withdrawing the central bank nominees from their boards.

PSU banks employees strike may affect transactions worth Rs 15,000 crore

PSU banks employees strike may affect transactions worth Rs 15,000 crore

A day-long strike by public sector banks' employees to protest proposed merger of SBI associates with the parent and other issues is likely to affect transactions worth Rs 12,000 crore to Rs 15,000 crore, Assocham has said.

PSBs capital needs significantly higher than budgeted: Moody's

PSBs capital needs significantly higher than budgeted: Moody's

Government's Rs 23,000-crore equity infusion will provide some respite to the public sector banks (PSBs), but their capital needs are significantly higher than the budgeted amount, Moody's Investors Service has said.

 PSBs' loan growth to remain muted at 9% till FY19: Report

PSBs' loan growth to remain muted at 9% till FY19: Report

Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report. 

Bank consolidation risks may outweigh benefits: Moody's

Bank consolidation risks may outweigh benefits: Moody's

Efforts to consolidate 27 public sector banks into 8-10 large lenders create risks that could offset potential long-term benefits in the current weak economic environment, Moody's Investors Service said Tuesday.

Raghuram Rajan says NPAs, not higher rates, behind low credit growth

Raghuram Rajan says NPAs, not higher rates, behind low credit growth

Taking on critics of his monetary policy, Reserve Bank Governor Raghuram Rajan on Wednesday blamed the record low credit growth to the stress in public sector banks and not due to high interest rates.

Indian public sector banks need Rs 1.2 lakh crore capital infusion: Moody's

Indian public sector banks need Rs 1.2 lakh crore capital infusion: Moody's

Indian public sector banks (PSBs) will require a capital infusion of Rs 1.2 lakh crore by 2020, in view of the heavy losses reflected in their balance sheets in 2015-16, global credit rating agency Moody`s Investors Service said in a report on Friday.

PSB losses on higher provisioning, will provide more funds: Finance Minister

PSB losses on higher provisioning, will provide more funds: Finance Minister

New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.

Defaulters won't be allowed to sleep well: Finance Minister

Defaulters won't be allowed to sleep well: Finance Minister

Amid 10 state-run lenders suffering losses of over Rs 15,000 crore in the March quarter, Finance Minister has promised greater capital support to banks while warning that defaulters cannot be allowed to "sleep well", leaving all the worry to bankers.

India's 10 largest public sector banks

Checkout India's 10 largest public sector banks

FM Arun Jaitley to meet heads of PSU banks on June 6

FM Arun Jaitley to meet heads of PSU banks on June 6

Amid mounting bad loans and record losses by several public sector banks, Finance Minister Arun Jaitley will hold a meeting with the heads of PSBs on June 6 to find ways to deal with the situation.

 

Arun Jaitley baffled why Congress not passing GST Bill

Arun Jaitley baffled why Congress not passing GST Bill

Finance Minister Arun Jaitley on Wednesday said that he was baffled as to why Congress is not allowing the passage of Goods and Services (GST) Bill.