Public Sector Banks (PSB)
Finance Ministry asks PSU banks to do proper monitoring of loans
Mon, Mar 27, 2023
During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the Silicon Valley Bank (SVB) and Signature Bank (SB), along with the issues leading to the crisis in Credit Suisse.
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LIC's debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5
Mon, Mar 13, 2023
Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively".
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Budget 2023: Govt may not announce capital infusion for public sector banks amid improved financial health of lenders
Sun, Jan 22, 2023
In the first half of FY23, the cumulative net profit of all PSBs increased by 32 per cent to Rs 40,991 crore. The combined profit more than doubled to Rs 66,539 crore in 2021-22 despite COVID-19 pressure.
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EMIs on loans likely to rise as this public sector bank hikes lending rate by up to 0.35%
Tue, Jan 10, 2023
The Reserve Bank of India has increased repo rates by 2.25 per cent since May last year. The benchmark interest rate now stands at 6.25 per cent after the latest round of repo rate hike of 35 basis points on December 7, 2022.
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Turnaround of Public Sector Banks: A story from doom to bloom; a journey towards Rs 1 lakh cr profit
Wed, Jan 04, 2023
The highest amount of net loss was registered in 2017-18 at Rs 85,370 crore, followed by Rs 66,636 crore in 2018-19; Rs 25,941 crore in 2019-20; Rs 17,993 crore in 2015-16 and Rs 11,389 crore in 2016-17.
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RBI Governor Shakitkanta Das to meet public sector banks' CEOs on Wednesday; to discuss slow deposit growth
Tue, Nov 15, 2022
As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago.
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Govt initiates process for filling posts of independent directors in PSBs, FIs
Sun, Oct 10, 2021
The government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance.
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Budget 2019: PSB ETFs coming? After, Bharat 22, CPSE Exchange Traded Funds, a new disinvestment pattern can emerge
Wed, Jul 03, 2019
Disinvestment target has been on full swing by Indian government, with stake sales taking place in various state-owned companies either by IPOs, OFS, buybacks and others.
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United Bank of India share sale to employees flops, gets just 61% subscription
Mon, Sep 17, 2018
Shares issued under the scheme are locked in for a year. The share price of the bank tanked over 39% from December 2017, when the sale was approved by the bank’s Board, to July when the pricing of ESPS was announced.
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Treasury gains may support Indian banks to compensate asset quality
Mon, Dec 12, 2016
Nitin Aggarwal and Renish Patel analysts of Antique Stock Broking firm said, “Treasury gains will add upto 6% in operating earnings of major public sector undertakings (PSU) banks over second half of current fiscal year (2HFY17), assuming 50 basis point reduction in interest rate across yield curve.”
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![Do they really want to solve "bad loan" problem?](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2016/10/11/8205-rupee-reuters.jpg?itok=YWQh399c&c=22a12e4955a45ac46b05732047323c73 "Do they really want to solve "bad loan" problem?")
