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Manmohan regime left 'nasty stink of corruption' in public banking: FM Nirmala Sitharaman

She was responding to an audience members question about Rajan`s reported criticism that Prime Minister Narendra Modi`s government is "extremely centralised" and does not have a "consistent and articulated vision" for economic growth.

Oct 16, 2019, 12:47 PM IST

RBI debunks social media rumours about closure of 9 public sector banks

Finance Secretary Rajeev Kumar also rejected the reports and said that the rumours about RBI deciding to close some banks are "mischievous" and that there is "no question of closing any public sector bank".

Sep 25, 2019, 16:56 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

Rs 70K crore PSB infusion to push loan growth by 15%: Moody's

Announcing the capital infusion on Friday, the government also rolled back recent tax hikes on foreign and domestic equity investors in an attempt to boost market sentiment and revive the slowing economy.

Aug 26, 2019, 14:38 PM IST

Centre announces capital infusion of Rs 70,000 crore to public sector banks

The banks will pass on RBI rate cut benefits to borrowers through the MCLR reduction which will benefit all borrowers.

Aug 23, 2019, 19:42 PM IST

RBI Governor meets CEOs of Public Sector Banks, discusses plan of action, challenges in sector

During the meeting, the RBI Governor acknowledged discernible improvements in the banking sector while underscoring that several challenges still remain to be addressed, particularly with regard to the stressed asset resolution and credit flows to needy sectors. 

Jul 19, 2019, 23:26 PM IST

Gross NPAs of Public Sector Banks declined by Rs 89,189 crore in March

Gross NPAs of PSBs have declined by Rs  89,189 crore from the peak of Rs 8,95,601 crore in March 2018 to Rs 8,06,412 crore in March 2019, FM Sitharaman said.

Jun 26, 2019, 14:14 PM IST

Income Tax department to help public sector banks to recover bad loans

The directions has been issued by CBDT to all Principal Chief Commissioners of Income Tax (Principal CCIT are Zone heads).

Jun 26, 2019, 12:30 PM IST

Banks in no hurry to link repo with interest rates

Also, several PSU banks have not responded when asked if they planned to go for the external benchmark linking with repo rate.

Mar 12, 2019, 13:00 PM IST

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks: Jaitley

Since 2014-15, PSU banks have recovered Rs 2.87 lakh crore bad loans up till December 2018.

Feb 28, 2019, 16:12 PM IST

Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs

The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

Feb 20, 2019, 17:57 PM IST

Finance minister Piyush Goyal to meet heads of PSU banks on Monday

Among the key issues, the meeting will take up the matter of credit flow to MSMEs, agriculture and retail sectors.

Jan 25, 2019, 11:50 AM IST

Finance Ministry wants PSU banks to bring down govt equity to 52%

Dilution of government stake will help banks to meet 25 per cent public float norms of market regulator Sebi. Some of the public sector banks have government's holding beyond 75 per cent.

Jan 14, 2019, 16:21 PM IST

Over 1.12 lakh MSME loan applications approved under '59 minutes' scheme

GST-registered micro, small and medium enterprises (MSMEs) can take loan up to Rs 1 crore in just 59 minutes through 'psbloansin59minutes.Com' portal.

Dec 28, 2018, 17:22 PM IST

Banking operations affected as workers go on second nation-wide strike

Last week, bank workers went on a strike called by the All India Bank Officers` Confederation (AIBOC).

Dec 26, 2018, 11:04 AM IST

Public sector banks to go on strike on Wednesday, services to be affected

This will be the second bank strike in less than a week. Private sector banks will continue to function as usual.

Dec 25, 2018, 18:30 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

Bank credit grows by 15.07%, deposits by 9.66%

In the year-ago fortnight, advances were at 79.98 trillion and deposits at Rs 108.37 trillion.

Dec 21, 2018, 11:58 AM IST