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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

Govt to infuse Rs 83,000 cr in PSBs in next few months: Jaitley

This would enhance the total recapitalisation in the current fiscal from Rs 65,000 crore to Rs 1.06 lakh crore.

Dec 20, 2018, 18:22 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

PSBs recapitalisation: Government to release 2nd tranche of funds soon

The government last year unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

Oct 03, 2018, 15:14 PM IST

Govt aid will give capital relief to banks, but stress will remain: Moody's

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

Aug 21, 2018, 17:06 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

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

Jun 05, 2018, 12:28 PM IST