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PSBs

Gross NPAs of public sector banks at Rs 3.16 lakh crore, over 3% of outstanding loans

Gross NPAs of public sector banks at Rs 3.16 lakh crore, over 3%...

Tue, Dec 10, 2024

The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday.

Finance Minister Nirmala Sitharaman meets heads of PSBs, asks banks to undertake special drive to garner deposits

Finance Minister Nirmala Sitharaman meets heads of PSBs, asks ban...

Mon, Aug 19, 2024

The minister also urged the PSBs to explore collaboration to leverage their respective strengths by sharing best practices in emerging areas and equip themselves to keep pace with changes in the banking sector.

PSU Bank Stocks To Buy in 2024: From SBI to PNB - Check share price target

PSU Bank Stocks To Buy in 2024: From SBI to PNB - Check share pri...

Fri, Mar 01, 2024

Best PSU Bank Stocks To Buy in 2024, PNB Share Price Target, SBI Share Price Target: The Nifty PSU Bank Index has delivered 162 per cent returns since March 2022.

TRENDING NOW

PSU Bank stocks firm in otherwise weak market; Morgan Stanley bullish on sector – Check target price of BoB, BoI, PNB, Canara Bank

PSU Bank stocks firm in otherwise weak market; Morgan Stanley bul...

Tue, Dec 06, 2022

The Nifty PSU Bank index hit a new high of 4,277.75 intraday trade, up 3 per cent. At around 02:45 PM, the index was up over 1 per cent to 4,201.55 as compared to a 0.50 per cent fall in the Nifty 50 index.

Public sector banks' frauds down 51% to Rs 40,295 crore in FY22; number of cases declines YoY, says RBI

Public sector banks' frauds down 51% to Rs 40,295 crore in F...

Sun, May 15, 2022

The Reserve Bank of India has said that public sector banks reported over a 51 per cent fall in the amount involved in frauds to Rs 40,295.25 crore during the financial year 2021-22 (FY22).

Public sector banks need to step up provisioning to restructure Covid-hit loans

Public sector banks need to step up provisioning to restructure C...

Sun, Aug 09, 2020

Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said.

Banks under PCA framework to be barred from buying retail assets of NBFCs

Banks under PCA framework to be barred from buying retail assets...

Fri, Jul 12, 2019

This is likely to provide the better-run NBFCs access to liquidity. The partial credit guarantee from the government would help NBFCs raise funds from PSBs, providing them urgently needed funding support .

Govt may now recapitalise PSU insurers prior to next wave of restructuring

Govt may now recapitalise PSU insurers prior to next wave of rest...

Wed, Jul 10, 2019

The government is looking at restructuring three relatively weaker public general insurers -- National Insurance Company, United India Insurance Company and Oriental India Insurance Company.

Credit availability to MSMEs: Govt asks heads of PSBs to do analysis of the progress

Credit availability to MSMEs: Govt asks heads of PSBs to do analy...

Fri, Jun 28, 2019

Prime Minister Modi on November 2, 2018 launched an MSME outreach initiative to provide access to credit, access to market, technology up-gradation, ease of doing business and a sense of security for employees of MSMEs. In order to consolidate gains of the outreach campaign, the government has decided to take the initiative further.

Public sector banks have been recapitalised to the extent of Rs 3.19 lakh crore: Fin Min

Public sector banks have been recapitalised to the extent of Rs 3...

Tue, Jun 25, 2019

Steps have been taken by the Government to improve the conditions of banks under it's 4R strategy of recognising non performing asset (NPA), Finance Ministry said in a statement.

Centre is likely to sell stakes in smaller public sector banks

Centre is likely to sell stakes in smaller public sector banks

Tue, Jun 18, 2019

The details in this regard are still being worked out and is likely to be discussed in a meeting of Union Finance Minister on June 20, said the Zee Business report.

Stressed assets: Public sector banks recover Rs 1.2 lakh cr in FY19 under IBC

Stressed assets: Public sector banks recover Rs 1.2 lakh cr in FY...

Fri, May 24, 2019

Banks recovered close to Rs 55,000 crore from the NCLT resolution, the official said, adding "Compared to Rs 74,562 crore in 2017-18, the recovery in the previous financial year nearly doubled to Rs 1.2 lakh crore."

Over 6,000 officers of PSBs held responsible for bad loans: Arun Jaitley

Over 6,000 officers of PSBs held responsible for bad loans: Arun...

Sat, Dec 29, 2018

Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have been imposed against erring officials" and in all the cases, depending upon the amount involved, CBI and police complaints have been lodged.

Forget mergers, NPA resolutions, banks need to be disciplined first; Frauds in India decoded

Forget mergers, NPA resolutions, banks need to be disciplined fir...

Mon, Sep 24, 2018

There are over 23,000 cases of fraud involving a chunk of above Rs 1 lakh crore, RBI told in an RTI query.

Big move by Modi govt: PM deploys these 10 men to whip Public sector banks into shape

Big move by Modi govt: PM deploys these 10 men to whip Public sec...

Thu, Sep 20, 2018

The Appointments Committee of Union Cabinet headed by Prime Minister Narendra Modi has cleared the names of 10 senior executives to head as many public sector banks (PSBs).

Parliamentary panel questions RBI on failure to take preemptive action against bad loans

Parliamentary panel questions RBI on failure to take preemptive a...

Mon, Aug 27, 2018

The panel, which includes former prime minister Manmohan Singh as a member, wanted to know the reasons of ever-greening of stressed accounts through restructuring schemes of the Reserve Bank of India.

Sudden depreciation or appreciation of Rupee not good: SBI

Sudden depreciation or appreciation of Rupee not good: SBI

Fri, Aug 24, 2018

Relating to GDP growth, he said as per SBI research estimates, in the first quarter it was expected to be 7.7 per cent in the first quarter and 7.5 per cent for the full fiscal.

PSBs should reduce exposure to infra sector - if not completely avoid it

PSBs should reduce exposure to infra sector - if not completely a...

Wed, Apr 04, 2018

PSBs did assist in creating much-needed infrastructure, but the question remains at what cost and whether there are better avenues to fund the infrastructure in the future. The non-performing assets (NPAs) that the PSBs hold from the infrastructure sector clearly point towards the need for alternative financing mechanisms.

Zee Business exclusive! Uday Kotak says no privatisation of PSBs will happen till 2019 elections

Zee Business exclusive! Uday Kotak says no privatisation of PSBs...

Wed, Mar 21, 2018

Uday Kotak, Executive Vice-Chairman and Managing Director, Kotak Mahindra Bank, said that three issues are there that give me the confidence to talk like that and they are 1) industry structure between Private and Public sector banks, 2) financial savings of people and 3) digitisation of the process involved.

Privatise public sector banks, here's why

Privatise public sector banks, here's why

Tue, Mar 13, 2018

11 out of 21 PSBs are under the RBI's 'prompt corrective action' plan.

PNB fraud: SBI chief Rajnish Kumar says PSBs must improve risk infrastructure

PNB fraud: SBI chief Rajnish Kumar says PSBs must improve risk in...

Thu, Mar 01, 2018

PNB fraud: SBI Chairman Rajnish Kumar today said public sectors banks needs to improve their corporate and risk governance infrastructure to mitigate the challenges related to operational risk. "Pu

PNB fraud: Are public sector banks heading to gallows in India?

PNB fraud: Are public sector banks heading to gallows in India?

Mon, Feb 19, 2018

By Anto T Joseph

SBI Board to meet this week to consider fundraising

SBI Board to meet this week to consider fundraising

Tue, Feb 06, 2018

The bank said its Board will also consider implementation of reforms agenda for responsive and responsible public sectors banks (PSBs) of the government.

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