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Amendments to bankruptcy code a positive move: Experts
Wed, Nov 22, 2017
Asset resolution and bank recapitalisation are expected to strengthen banks' balance sheets and improve their "ability and willingness" to lend at rates in consonance with policy rates.
Banks allowed to hire machines, staffers for Aadhaar enrolment
Sun, Nov 19, 2017
The Aadhaar-issuing body, Unique Identification Authority of India (UIDAI), has allowed banks to hire private data entry operators and enrolment machines and expects the relaxation to speed up the opening of Aadhaar enrolment and updation centres at bank premises.
More capital will push PSBs to up MSME credit: Jaitley
Mon, Nov 13, 2017
Last month, the government had unveiled a whopping Rs 2.11-lakh crore two-year road map to strengthen NPA-hit public sector banks (PSBs), which includes recapitalisation bonds, budgetary support and equity dilution.
Jaitley likely to hold meeting with bankers on Nov 11-12
Fri, Nov 03, 2017
The meeting assumes significance in the light of the recent government announcement of fund infusion in the public sector banks over a period of two years.
Jaitley-led panel will send PSBs merger proposal to cabinet every 3 months
Wed, Nov 01, 2017
Though it was only in May 2016 that effective action to consolidate state-owned banks struck headlines with six associate banks getting merged into State Bank of India in April 2017.
Sensex, Nifty rebounds on Govt's boost of capital spend
Sat, Oct 28, 2017
Stocks: Equities marked a chain of record smashing sessions during the week trade, with benchmark Sensex crossing the 33-k mark on a closing basis, while the broader Nifty breaching above the psychological 10,300-level.
10 things you need to know about India's infrastructure investments, PSB recapitalisation
Tue, Oct 24, 2017
While announcing the roadmap leading to growth in the economy the government said macro economic fundamentals were strong and fiscal deficit target of 3.2% of GDP would not be breached.
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.'
India should prioritise public banking sector reforms: IMF
Fri, Oct 13, 2017
The country's growth is expected to accelerate in the medium-term as temporary disruptions due to demonetisation and the Goods and Services Tax (GST) fade, the International Monetary Fund said in its Asia and Pacific Regional Economic Outlook Update.
Last date to apply for IBPS Clerk 2017 exam; Here's what you need to know
Tue, Oct 03, 2017
The online application for IBPS CWE for recruitment of Clerk is going to end on October 3, 2017. A total of 19 PSBs have participated with over 7000 vacancies available.
Government should go slow on public sector bank mergers: Raghuram Rajan
Wed, Sep 06, 2017
Mergers can happen between healthy banks and not amongst weak ones and the central government should be careful in this regard, said Reserve Bank of India`s former Governor Raghuram G Rajan said on Tuesday.
Fewer and stronger PSU banks but what about their stressed assets?
Mon, Sep 04, 2017
The Government of India is all set to make fewer and stronger PSBs in the coming months - as an move to tackle their non-performing assets (NPAs). A list of total 21 PSBs are considered to become 10 - 12 banks.
Can PSU bank merger help them outshine private banks' deposit growth?
Mon, Aug 28, 2017
Moody's believes that PSU bank merger will be credit positive but banks still need a lot of money for recapitalisation.
PSU banks took recovery action against 5,954 wilful defaulters, FinMin says
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
From cheque clearance to cash deposits, banking services to hit as 10 lakh PSU bankers strike today
Tue, Aug 22, 2017
Employee unions under United Forum of Bank Unions (UFBU) has called for today's bankers strike.
10 lakh PSU bank employees to go on strike tomorrow; here's what they are demanding
Mon, Aug 21, 2017
The unions claimed that as the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike.
From Aadhaar linkage to farm loans upto Rs 3 lakh; Here's what Interest Subvention Scheme 2017-18 is about
Thu, Aug 17, 2017
RBI introduced various measures in the Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18. The aim is to provide agriculture credit at affordable rate.
Cost of recapitalising state banks may rise, says Fitch
Wed, Aug 16, 2017
Between April - till date, AT1 instruments worth around Rs 18,300 crore have been issued by eight banks, compared with Rs 4,800 crore by four banks in the corresponding period of the previous year.
9,000 wilful defaulters owe Rs 92,000 crore to PSU banks
Tue, Aug 15, 2017
Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year.
Private banks lead PSU banks in credit, deposit growth in FY17
Tue, Jul 04, 2017
Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.