Centre may redraw bank recapitalisation plan in wake of new challenges

The problem has been accentuated with the Reserve Bank of India now writing to the bank to meet their obligation towards interest on interest for all borrowers where exposure is over Rs 2 crore as well. This will put an additional burden of close to Rs 7,500 crore on banks.

Apr 10, 2021, 16:35 PM IST

PSBs to need capital up to Rs 2.1 trillion over next 2 years; govt support to continue: Moody's

According to Moody's, the sharp slowdown in India's economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs.

Aug 21, 2020, 13:41 PM IST

FM Nirmala Sitharaman to meet heads of public sector banks today

The meeting assumes importance as this will be her first meeting with PSB heads after she announced amalgamation of 10 public sector banks into on August 30.

Sep 19, 2019, 10:50 AM IST

Government to infuse Rs 55,000 crore into Public Sector Banks in a week

FM Nirmala Sitharaman had announced the capital infusion of Rs 55,000 in 10 PSBs to be consolidated into 4 large Banks so that their capital base can be improved.

Sep 11, 2019, 14:47 PM IST

Centre to infuse Rs 12,000 crore in state general insurance firms

The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.

Sep 06, 2019, 14:39 PM IST

Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report

Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.

Aug 30, 2019, 12:57 PM IST

Government to enhance bank recapitalisation outlay to Rs 1.06 lakh crore in current fiscal

This would enable infusion of over Rs 83,000 crore in the coming few months in Public Sector Banks (PSBs).

Dec 21, 2018, 14:03 PM IST

Reduce number, weight of government mandates for PSBs: Rajan

He further said public sector banks still not adequately professionalised and there is a need to substantially improve risk management.

Dec 14, 2018, 15:39 PM IST

Photos: Bank strike across India on May 30, 2018

Banking operations in the country were hit on Wednesday as 10 lakh employees, primarily from PSU banks, went on 2-day strike to protest against a 'meagre' 2 percent salary hike offered by Indian Banks Association (IBA) - the management body.

May 30, 2018, 22:27 PM IST

Bank strike may affect customer transactions worth Rs 20,000 crore: Assocham

The UFBU, an umbrella body of nine bank unions, has gone on strike against the proposed wage hike of 2 percent as against 15 percent given last time.

May 30, 2018, 20:14 PM IST

Except SBI, rest state-run banks should be privatised, says Arvind Panagariya

The former NITI Aayog vice-chairman also said that political parties should mention privatisation of PSBs in their 2019 general election manifesto.

Mar 25, 2018, 18:05 PM IST

Still wedded to Socialism, Congress has learnt nothing and forgotten nothing

The recent Congress plenary session has showed that the Congress still wants to undo the liberalisation that its own government started in 1991.

Mar 20, 2018, 12:16 PM IST

Reform state-run banks, IMF tells India after PNB fraud

IMF said that banking reforms like insolvency code and recapitalisation will be ineffective unless governance standards are improved.

Mar 12, 2018, 22:51 PM IST

PNB fraud overreaction may hugely hurt credit flow: Assocham

Last month, Assocham had said that the PNB fraud that has rocked the banking system should not halt the process of corporate lending.

Mar 11, 2018, 17:04 PM IST

PNB scam: CII for hi-tech control systems, privatising PSBs

The CII has called for a gradual decrease in government holding in public sector banks (PSBs).  

Feb 25, 2018, 23:22 PM IST

PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks

FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.

Feb 19, 2018, 17:35 PM IST

Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters

The 123-year old state-lender has unearthed Rs 11,400 crore fraud allegedly involving billionaire jeweller Nirav Modi and associate entities.

Feb 18, 2018, 17:44 PM IST

PNB fraud: Assocham urges Centre to cut stake in banks to below 50%

The industry body said that PSBs have to function on the lines of private sector lenders with a full sense of accountability to their shareholders.

Feb 18, 2018, 16:26 PM IST

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

Bad loans hurt state-run banks, push SBI to surprise third-quarter loss

Bad loans in PSBs have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt.

Feb 10, 2018, 00:43 AM IST