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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.
Finmin pitches for extending RBI deadline on Basel III norms
Mon, Jun 26, 2017
In a recent meeting with RBI, senior officials from the ministry pitched for deferring the implementation beyond March 2019, saying it will help banks meet the capital needs and increase credit flow to productive sectors along with balance sheet clean-up.
Bankers take home up to Rs 10 crore per year; salaries of top five bankers in the country
Mon, Jun 26, 2017
Bankers salaries in India go up to Rs 10 crore packages with incentives and perks. Zeebiz lists out top five banks and the salary drawn by its top management in the last fiscal.
Finance Ministry asks PSBs to explore acquisition of smaller banks
Sun, Jun 18, 2017
The finance ministry has asked four large PSU lenders to explore opportunities for acquisition of small and mid-sized banks with a goal to create global sized lenders, sources said.
RBI deputy Mundra says state-run lenders may need more capital
Fri, Jun 16, 2017
Mundra, addressing reporters in the sidelines of a banking event in New Delhi, also said there was no specific timeline set by the central bank to identify additional loan defaulters on which bankers would need to start bankruptcy proceedings.
Cabinet approves interest subvention on short-term crop loans; Here's are its features
Wed, Jun 14, 2017
Union Cabinet has approved an interest subvention scheme for farmers short term loan aggregating up to Rs 3 lakh borrowed during the year 2017 - 18. RBI and NABARD will implement the scheme.
Maharashtra govt to disburse crop credit through PSUs in 16 districts
Mon, Jun 12, 2017
Against the backdrop of the protests by farmers, the inter-ministerial committee appointed by the government announced the loan waiver after a meeting with farmers' leaders yesterday.
Banks would have to wait more before seeing revival in asset quality
Thu, Jun 08, 2017
NPAs are the primary issue in Indian banking system presently. A host of moves have been taken by RBI and government but these problems are far from over.
Govt to go ahead with PSU bank merger without further wait: FM Jaitley
Mon, Jun 05, 2017
The government today said it is examining the possibility of further consolidation in the public sector banking space without waiting for their finances to improve. Merger of five associate banks and Bhartiya Mahila Bank with the country's largest lender SBI took place in April.
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).