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PSU Banks News
Finance ministry's meet with heads of PSU banks before Budget
Mon, Jan 28, 2019
Finance ministry's meet the CEOs of public sector banks to take a stock of the banking sector, and discuss ways to improve their financial health.
Bank Recruitment: These Public sector banks set to hire 1 lakh people in FY19
Mon, Dec 17, 2018
The number is more than double the number the banks hired in the last two years, according to the Team Lease estimates. Notably, PSU banks collectively hired 95,000 in last two years for positions like clerk, management trainees and probationary officers, the ET said, adding that this didn't include lateral hirings.
Arun Jaitley on bad debt, PSU banks; 5 points
Tue, Sep 25, 2018
Finance Minister Arun Jaitley has said that bad debts or NPAs in the banking system are on the decline as recoveries of unpaid loans have picked up, while speaking to reporters after the annual review meet with top PSU bankers.
Why Modi govt ordered this massive move today that has huge consequences for India
Mon, Sep 17, 2018
This attack by PM Modi against the crippling problem shows his government's intent on the shocking banking crisis. In fact, FM Jaitley revealed today that the bank NPA crisis was not Rs 2.5 lakh cr, but a mind-blowing Rs 8.5 lakh cr!
Anil Singhvi's Market Strategy September 17: FMCG is positive; PSU Banks, Metals are negative
Mon, Sep 17, 2018
Positive foreign institutional investors (FII), neutral global outlook, domestic institutional investors (DIIs), and future and option (F&O) cues suggest that the short-term trend of the Indian market will remain neutral on September 17, 2018. However, the traders are advised to be cautious while trading in the market today.
India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do
Tue, Mar 06, 2018
The government will tomorrow pitch for a sovereign rating upgrade with global agency Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower government debt.According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subr
PSU banks, metals among 4 reasons why Sensex tanked over 400 points
Mon, Feb 19, 2018
The S&P BSE Sensex and the Nifty50 extended losses on Monday as the session progressed even as global cues remained supportive. The 30-share Sensex slipped below its key psychological mark of 34,000, while the Nifty50 was heading towards its crucial 10,300 mark.
Sensex snaps 7-day losses; key reasons behind smart pullback
Thu, Feb 08, 2018
The benchmark indices rose nearly 1 per cent on Thursday, snapping seven sessions of fall, as market heavyweights such as Infosys and Housing Development Finance Corp helped the indices end their longest spell of losses since September.
Recap fails to lift bank stocks, but these lenders look set to gain big
Thu, Jan 25, 2018
Eleven weak banks facing prompt corrective action (PCA) are to be given a total of Rs 52,311 crore to maintain their minimum capital requirement, while nine strong banks will get Rs 35,828 crore.
Sensex, Nifty trade in red; PSU banks fall post recap announcement
Thu, Jan 25, 2018
In the broader market, the BSE Midcap was marginally higher, while the BSE Smallcap was little changed.
PSBs write off Rs 55,356 crore in first half of FY18 to clean balance sheet
Mon, Dec 04, 2017
As PSBs loan write-off increased by nearly 54% in the first six months of fiscal FY18, it may reach by Rs 1 lakh crore by end of the financial year if the trend continues.
8 PSU banks to raise capital from market by March
Sun, Dec 03, 2017
Some banks have already got approval from the finance ministry while others are in the process of getting the green signal for raising capital either through private placement or the rights issue, they said.
Recapitalisation plan positive for banks' ratings: Fitch
Thu, Oct 26, 2017
The recent recapitalisation plan announced by the government for public sector banks will provide substantial funds to the lenders to address the capital shortages, that has a major negative impact on their ratings, says a report.
Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms
Tue, Sep 12, 2017
Banks argue that the haircuts they are expected to take cannot be extrapolated to the other exposures, which they say are backed by more productive assets.
Reliance Capital to treble lending to SMEs, consumers to Rs 50,000 crore
Sat, Jul 29, 2017
In a layout of company's growth strategy for the next three years in a analyst concall, Reliance Capital said it also aims to expand the housing finance asset under management (AUM) to Rs 50,000 crore in three years.
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.
Theft of valuables kept in your lockers are not bank's responsibility
Mon, Jun 26, 2017
As per the report, the lawyer quoted the clause by 19 banks which also included Bank of India, Oriental Bank of Commerce, Punjab National Bank, UCO and Canara, among others, stating, "the relationship they have with customers with regard to lockers is that of lessee (landlord) and lessor (tenant)".
Sensex, Nifty open in red; Infosys down 2%
Mon, Mar 20, 2017
The Indian rupee strengthened by 1.15 paise in the week gone by to Rs. 65.46 against the US dollar.
Capital infusion in PSU banks after Q3 numbers
Sun, Feb 05, 2017
"We are working on the numbers. The third quarter numbers are not all in. The results are coming in and the information we have we are adding it up to our number crunching exercise," the official said.
Second Income Disclosures Scheme to fund Pay Commission, PSB recapitalisation: BofA-ML
Thu, Dec 29, 2016
The government on December 16, had announced that the second Income Disclosure Scheme (IDS II) will run till March 31.