Mon, Feb 06, 2023
Capital amounting to Rs 2,76,043 crore infused in public sector Banks (PSBs) since FY 2017-18, has been funded through recapitalisation bonds issued by the Central government and subscribed by the recapitalised banks for the full amount of capital infused.
Mon, Jan 23, 2023
Reportedly, the government is considering to not announce any capital infusion for PSBs as their financial health has improved significantly and they are on track to earn a combined profit of Rs 1 lakh crore
Tue, Dec 20, 2022
PMLA, 2002, out of which, assets worth Rs 15,113 crore have been restituted to the public sector banks.
Thu, Nov 17, 2022
Due to their strong performance in this quarter, the majority of the banks even witnessed a surge in their share prices.
Fri, Aug 19, 2022
“As clearly stated in the article itself, the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India,” an RBI release said
In 2020, the government merged 10 nationalised banks into four large lenders, thereby bringing down the number of PSBs to 12. There were 27 state-run lenders in 2017.
Tue, Jun 07, 2022
In a statement, the Finance Ministry said all districts of the country are prepared to entertain customers and the public at large with their queries on the credit facility and enrolment in various government schemes
Tue, Apr 19, 2022
The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.
Fri, Jan 07, 2022
Finance Minister Nirmala Sitharaman has convened a meeting with the heads of public sector banks on Friday to review their preparations to deal with any potential disruptions caused by the Omicron variant, as per the PTI report.
Sat, Aug 31, 2019
At 4 PM on Friday, Union Finance Minister Nirmala Sitharaman announced a major bank merger exercise. Post-this, ten public sector banks will be amalgamated to four taking the total number of public sector banks to 12 from 27 banks in 2017.
Thu, Jun 13, 2019
Markets ended flat on Thursday with gains being capped by banking and auto stocks. Weak global cues and rising retail inflation, too, contributed to a lackluster trade.
The S&P BSE Sensex ended 15 points, or 0.04 per cent, lower at 39,741 levels dragged by select blue-chip counters like IndusInd Bank, Reliance Industries, YES Bank and Infosys. While PowerGrid and M&M were the top gainers, YES Bank and IndusInd slipped the most.
Wed, Feb 27, 2019
The finance ministry last week announced infusion of Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.
Thu, Feb 21, 2019
"The latest government capital infusions will improve the solvency of the banks, and significantly boost their provisions for non-performing loans. However, large volumes of legacy problem loans have yet to be resolved," it added.
Among the other PSBs were Bank of Maharashtra, Bank of India, Indian Overseas Bank (IOB), United Bank, UCO Bank, Central Bank of India, Syndicate Bank including non-PCA banks -- PNB, Union Bank, Andhra Bank and Syndicate Bank -- so as to help them avoid the restrictions.
Fri, Dec 21, 2018
The Government will infuse Rs 41,000 crore into cash-deprived public sector banks (PSB's) in order to recapitalize the credit providers which is projected to heighten the lending capability of the state-owned banks.
Wed, Jul 25, 2018
The non-PCA PSBs advances market share is expected to be maintained at 50-51%
Thu, Jul 12, 2018
Public sector Allahabad Bank today said it is mulling to off-load non-core assets like shareholding in various joint ventures and sell immovable properties to shore up its capital base. In compliance with government directives under PSBs Reform Agenda, the bank has initiated various steps to leve
Thu, Jun 21, 2018
Bad loans worth Rs 15,000 crore will be wiped off the banking system with their reversal into standard accounts in the June quarter following new norms for differential treatment of defaults by small and mid-sized businesses.
Tue, Jun 19, 2018
In a move to ensure that credit flow to domestic industry is not hindered by the massive non-performing assets (NPAs), or bad loans, accumulated in the Indian banking system, state-run banks on Tuesday decided to take up the genuine credit needs of companies through a two-stage process.
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.
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.
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.
Sun, Jan 15, 2017
The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.