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PSU bank News

14 Jul 2017

Nifty slips, fails to defend 9,900-level

Overseas, European stock markets were trading slightly higher while most Asian stocks rose in anticipation of US inflation data and earnings from some of the large banks.

08 Apr 2017

Sensex fails to maintain 30,000 level on fag-end selling pressure

The S&P BSE benchmark sensex failed to maintain 30,000 level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria.

25 Mar 2017

Markets end in red due to fresh selling pressure

Markets ended red due to fresh selling pressure from operators as the S&P BSE benchmark sensex dropped by 228 points to end the week at 29,421.40 and and the NSE 50-share Nifty by 52 points to close at 9,108.

10 Jul 2016

PSU bank employees to go on 2-day nationwide strike from July 12

Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.

02 Mar 2016

Arun Jaitley pledges all support to keep PSBs in 'good health'

Welcoming RBI's easing of rules to allow lenders to bolster capital ratios, Finance Minister Arun Jaitley Wednesday said the government will take all steps and provide resources to keep public sector banks in good health.

28 Oct 2015

HDFC Bank ranked 27th safest bank globally by 'The Banker'

The bank has been ranked 27th globally among 250 banks and stood at number 6 in Asia Pacific region, a statement said.

capital infusion

30 Sep 2015

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, Wednesday said they have allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.

31 Aug 2015

RBI official asks banks not to use govt capital to clean books

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

31 Aug 2015

Govt to infuse Rs 947 crore in Canara Bank

It said the board of the bank at a meeting held today approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.

23 Aug 2015

Challenging times for banking sector: RBI

Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.

23 Aug 2015

'Blue-painted' West Bengal gives India its newest bank – Bandhan Bank

With Bandhan from West Bengal becoming India's newest full-service bank to begin operations, Finance Minister Arun Jaitley Sunday said a 'blue-painted' city has given birth to a new institution which was not the case when it was 'painted red' -- referring to the past Left rule.

17 Aug 2015

PSU bank stocks in huge demand, BoB up 15% on revamp plan

Bank stocks were in huge demand today, surging up to 15 percent, following a slew of reform measures announced in order to revive the fortunes of the public sector lenders.

04 Aug 2015

Rajan warns of action against banks hiding true NPA numbers

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

28 Jul 2015

Indian Bank pays Rs 165.62 cr as dividend to govt

Indian Bank Managing Director and CEO (Additional Charge), Mahesh Kumar Jain presented the cheque to Finance Minister Arun Jaitley in New Delhi, the Chennai-based bank said in a statement.

28 Jul 2015

Union Bank Q1 net dips 22% to Rs 519 cr

The bank had a net profit of Rs 664.11 crore in the April-June quarter of 2014-15 fiscal.

public sector banks

24 Jul 2015

Public sector banks can raise funds from market: Sinha

With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry on Friday said they have been allowed to raise funds from market to meet capital requirements.

13 Jul 2015

Appointment of 5 PSU bank heads: SC waits for Centre's response

The Supreme Court Monday wondered why a 71-year-old man has challenged the process of appointment of heads of five public sector banks and even expressed suspicion of him being a "front man".

05 May 2015

Appointment of 5 PSU bank heads: SC seeks Centre's response

The Supreme Court Tuesday sought responses from the Centre and Reserve Bank of India on a PIL challenging the appointment process of heads of five public sector banks and reducing the cut-off age from 58 to 55 years.

30 Apr 2015

RBI further eases branch property acquisition norms for banks

Liberalising its policy for bank branches, the RBI Thursday said banks will not be required to inform the central bank on a periodic basis about disputed premises.

28 Apr 2015

SBI, other PSU banks to raise over Rs 16,000 cr from market

State Bank of India (SBI) and few other public sector lenders are expected to raise funds of over Rs 16,000 crore from the market to meet their capital requirement.

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