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PSU banks

Cabinet may take up capital infusion in BSNL, MTNL in September

The funds infusion in both BSNL and MTNL, according to sources will be through bonds as has been the case of PSU bank recapitalisations.

Sep 09, 2019, 10:31 AM IST

Merger of 10 Public Sector banks, governance reforms may improve performance of PSBs: Ind-Ra

The rating agency said that though the proposed amalgamations may face hiccups in short term, the governance reforms are a step in the right direction to improve the overall functioning of PSBs.

Sep 04, 2019, 14:35 PM IST

'Benefits of PSB mergers likely over medium-to-long term'

Centrum Broking Research's report said that the consolidated banks will likely see an improvement in economies of scale and efficiency of operations over the medium-long term.

Sep 04, 2019, 10:57 AM IST

FinMin invites bids from advisors to launch financial sector ETF

After the resounding success of CPSE ETF and Bharat-22 ETF, the government is looking at diversifying the ETF basket by including stocks of public sector banks (PSBs), public sector insurance companies (PSCIs) and public sector financial institutions (PSFIs).

Jun 28, 2019, 10:50 AM IST

Five PSU lenders get capital infusion of Rs 21,428 cr from govt

Earlier, the bank raised Rs 261 crore to its share capital in January under Employee Stock Purchase Scheme (ESPS) in which as much as 92 percent of the employees participated which resulted into over-subscription of bank stock.

Mar 29, 2019, 12:04 PM IST

Will meet bank heads on Feb 21 on transmission of rate cut, says RBI Guv

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

Feb 18, 2019, 13:32 PM IST

Govt likely to make additional capital infusion in PSU banks: Garg

This will be over and above Rs 1.35 lakh crore capital infusion announced by the government for the public sector banks (PSBs) in October last year to meet global capital risk norms called Basel III.

Dec 20, 2018, 11:35 AM IST

Arun Jaitley fires back at Rahul Gandhi, defends loan write-offs

Arun Jaitley has blamed Congress for spreading misinformation about government's possible moves in relation to the private sector company ILF&S.

Oct 01, 2018, 19:38 PM IST

Narendra Modi's foot-in-mouth ministers should measure their words

Two Union ministers made statements that directly undermine the rule of law. This could have dangerous repercussions.

Jul 20, 2018, 13:26 PM IST

Heads of 11-PSBs to appear before Parliamentary Panel over mounting bad loans

The banking sector is grappling with rising non-performing assets (NPAs), which touched Rs 8.99 lakh crore or 10.11 percent of total advances at December-end 2017.

Jun 25, 2018, 11:10 AM IST

Higher NPA provisioning to impact banks in 2018/19: Moody's

The government in October last year announced plans to infuse Rs 2.11 lakh crore into PSU banks over the next two years.

Jan 04, 2018, 15:00 PM IST

GST will become good and simple tax in a few months: Minister

Addressing the 116th annual session of the Merchants' Chamber of Commerce and Industry in Kolkata, Minister of State for Finance Shiv Pratap Shukla  said by March, the GST will be simple enough for everyone to comprehend.

Nov 29, 2017, 18:23 PM IST

Recap plan to boost public sector bank stake sale

According to Assocham, once bank lending begins to pick up, there would be consequent advantages by way of higher economic growth and tax buoyancy.

Oct 29, 2017, 15:40 PM IST

Canara Bank cuts interest rate on savings bank accounts

However, the bank will continue to pay 4 percent interest on deposits of above Rs 50 lakh.

Sep 01, 2017, 16:08 PM IST

PSU banks take recovery action against 5,954 wilful defaulters

The country's largest lender SBI has taken action against 1,444 such defaulters with outstanding loan of Rs 20,943 crore.

Aug 27, 2017, 17:59 PM IST

'Govt ready to provide capital support for PSU banks' merger'

The Union cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks.

Aug 27, 2017, 17:53 PM IST

Asia Index launches S&P BSE Bharat 22 index

Asia Index Private Ltd on Tuesday announced the launch of S&P BSE Bharat 22 Index to track the performance of select state-run companies in which the central government has divested its stake.

Aug 22, 2017, 15:08 PM IST

Vijay Mallya case: Here is the complete chronology of events

Following is the chronology of the events in which the Supreme Court on Tuesday held businessman Vijay Mallya guilty of contempt of court for transferring USD 40 million to his children in violation of the court's order.

May 09, 2017, 23:59 PM IST

Parliamentary panel wants banks to devise mechanism to detect NPAs early

Concerned over high level of bad loans in the banking system, a parliamentary panel has asked PSU banks to devise a mechanism to detect stressed assets early so that urgent corrective steps can be taken.

Apr 04, 2017, 16:00 PM IST

Time to bite the bullet to resolve NPA problem: Parekh

Amid a debate on need for a 'bad bank' to tackle mounting NPAs, eminent banker Deepak Parekh has said "it is time to bite the bullet" but cautioned against any such move being seen as a government bailout using the taxpayers' money.

Mar 16, 2017, 18:40 PM IST