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Public Sector Banks (PSB) News
Public Sector Banks (PSB)
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.
Budget expectations, 3 GST tax rates to digital age - a freewheeling interview with Raj Nair, President, IMC CC&I
Tue, Jun 18, 2019
Nair not only spoke about Budget 2019, but also highlighted key pointers for the Indian economy.
PSU banks plan rationalisation of another 69 overseas offices
Sun, Jan 06, 2019
Following the review, as many as 35 overseas operations were closed while 69 are under process or being considered for rationalisation, sources said.
Finance Ministry likely to infuse Rs 28,615 crore in PSBs today: Sources
Thu, Dec 27, 2018
The seven PSBs include United Bank of India, Central Bank of India, Bank of India, UCO Bank, Oriental Bank of Commerce (OBC), Bank of Maharashtra and Syndicate Bank.
Bank strike: Strike hits customers badly, deposits, withdrawals, cheque clearances affected
Sat, Dec 22, 2018
Most of the banks had already informed their customers about the one-day strike, called by AIBOC, and its impact on their normal banking operations.
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.
Banking sector outlook to stay negative till capital positions
Mon, Aug 13, 2018
The outlook for the country's banking sector is likely to remain negative until its capital position strengthens in proportion to the bad loans and weak financial performances, according to Fitch Ratings.
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.”
Do they really want to solve "bad loan" problem?
Tue, Oct 11, 2016
N. S. Vishwanathan, Deputy Governor of RBI said, "If banks continue to remain saddled with huge NPAs for a long time, it would make them risk averse and choke the lending for economic activities in general. "
Banking sector worry: Bad loans rise 15% in June
Tue, Oct 11, 2016
Reserve Bank of India's (RBI) data has revealed that stressed loans have crossed $ 138 billion (approx Rs 8,71,746 crore) in June 2016, an increase of 15% in just six months, data accessed by Reuters showed.
Treasury gains to aid banking sector’s profitability in Q2
Mon, Oct 10, 2016
Kotak Institutional Equities Research said, "Banks are expected to report 15% yoy decline in earnings on the back of accelerating revenue growth of 18% yoy led by higher treasury income as they continue to provide for bad loans (82% yoy) for NPLs."
Private sector banks outshine state-run lenders in April-June
Sun, Aug 21, 2016
A venomous snake called bad loans has been haunting Indian banks, especially the public sector lenders for a few years now.
Top 100 borrowers owe PSBs Rs 14 lakh crore: Govt
Tue, Aug 09, 2016
Government today said the top 100 borrowers of public sector banks owe nearly Rs 14 lakh crore to them.
Wilful defaulter loans over Rs 58,000 crore from 5,600 accounts
Thu, Jul 21, 2016
The All India Bank Employees’ Association has released a list of wilful defaulters.
Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra
Wed, Jul 20, 2016
India’s bad debt is concentrated in four sectors - iron and steel, construction and infrastructure, power and textile which hold 55% of the total Rs 11.8 trillion debt, a report by India Ratings agency stated.