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Rs 80,000 crore PSB recap bonds to be accompanied by more reforms: FM Jaitley
Thu, Jan 04, 2018
The Lok Sabha today gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks (PSBs), with Finance Minister Arun Jaitley promising that the fund infusion would be accompanied by a series of reforms.
Govt to infuse Rs 7,577 crore in 6 weak public sector banks
Wed, Jan 03, 2018
The funding comes under Indradhanush plan which promised Rs 70,000 crore over period of four years ending March 2019
PSB, financial institutions to make big push for Swachh Bharat
Wed, Jan 03, 2018
All public sector banks and financial institution branches also committed to provide access to clean toilets for customers across all branches in the country as their contribution to the Swachh Bharat Mission.
FPIs inflow hit 8-month high in November; injects over Rs 19,700 crore
Sun, Dec 03, 2017
The strong inflow could be largely attributed to the government's decision to recapitalise public-sector banks, which is expected to enhance lending and propel economic growth, said Morningstar India's senior analyst manager (research) Himanshu Srivastava.
Govt has not waived any loans of corporates, says FM Jaitley
Tue, Nov 28, 2017
Jaitley said that over the last few days, a rumour is being propagated regarding waiver of loans of capitalists by banks. Time has come for the nation to be apprised of facts in this regard.
Bharat-22 ETF size increases to Rs 14,500 crore: DIPAM
Mon, Nov 20, 2017
Bharat 22 consists of 22 stocks which include central public sector enterprises (CPSE), public sector banks and strategic holding of SUUTI.
Stress on asset resolution, recapitalisation to improve banks' balance sheets: Acharya
Fri, Nov 17, 2017
The Deputy Governor said: "The dominance of the supply side factor has also been borne out by the fact that the credit growth of private sector banks remains robust, whereas there has been a sharp deceleration in the credit growth of PSBs"
Govt bets on infrastructure push, PSB recapitalisation to shore up economy
Tue, Oct 24, 2017
Ministry of Finance has announced big banking reforms along with infrastructure investment under new incentives to 'boost economic growth.'
Number of PSBs may go down to 12 as govt mulls consolidation
Sun, Jul 16, 2017
Finance Minister Arun Jaitley said the government is "actively working" towards consolidation of public sector banks but declined to provide details, saying this was a price-sensitive information.
Public Sector Banks plan to mobilise Rs 58,000 crore from capital markets in FY18
Sun, Jun 04, 2017
Public sector banks, including SBI, Bank of Baroda and IDBI Bank, plan to raise Rs 58,000 crore through equity dilution during the current fiscal to meet Basel-III norms and clean up their balance sheets.
Q4 Review: Reduction in MCLR worked well for private banks but not for PSBs
Mon, May 29, 2017
The financial year 2016-17 (FY17) was no different for the India's banking system as it continues to suffer from single-digit loan growth, weak net interest income (NII) and lack of resolution to its non-performing assets (NPAs).
Framework under NPA ordinance by RBI may be out within 15 days
Mon, May 22, 2017
The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.
Urjit Patel meets Finance Ministry officials to discuss NPA resolution issues
Fri, May 12, 2017
Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.
Stake dilution in PSBs after their health improves: FM Jaitley
Mon, May 08, 2017
Jaitley said the non-performing assets (NPA) problem is limited to "a certain set of accounts and these numerically are not very large in number but the quantums are high
Cabinet takes important decision to resolve rising NPA problem
Wed, May 03, 2017
The Executive Order on the NPA policy has been sent to the President and it is expected to get the nod from him tonight.
Govt asks PSBs to finalise next wage revision before November 1
Sun, Apr 09, 2017
The ministry advised them to initiate the steps for smooth conclusion of next wage revision of the employee within the time-frame.
Profits improve as India Inc focuses on repaying loans
Thu, Jan 19, 2017
The banking sector and India Inc has been a story of over-leveraging for quite some time now. With non-performing assets (NPAs) and bad loans rising, deleveraging has been one of the major themes for corporate India in 2016. Also, the strategy seems to be paying off.
PSBs need equity worth Rs 1.7 lakh crore by March 2019
Tue, Jan 10, 2017
The public sector banks (PSBs) will by March 2019 need equity worth Rs 1.7 lakh crore, which can turn out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.
PSBs to have more attractive pay packages: Vinod Rai
Thu, Jan 05, 2017
"By next fiscal we are looking at a far more attractive package for public sector banks with bonus, ESOPs, performance linked variables -- monetary or non-monetary benefits to make it more attractive for professionals to enter PSBs," Rai said here at the 97th Assocham Foundation Day.