Public sector banks (PSBs)
Provision coverage ratio of PSU banks on the rise, crosses 66 pc
Sun, Dec 30, 2018
"The PCR of public sector banks has risen steeply from 46.04 per cent as of March 2015 to 66.85 per cent as of September 2018, giving banks cushion to absorb losses," Financial Services Secretary Rajiv Kumar said.
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PSBs should have operational freedom like private players to deal with issues: Official
Sat, Aug 25, 2018
"There are limitations with respect to ownerships in public sector banks (PSBs) but those issues can be easily resolved. You give the public sector banks the kind of operational freedom that the private sector banks have (to operate freely)," Padmanabhan said
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Govt aid will give capital relief to banks, but stress will remain: Moody's
Tue, Aug 21, 2018
Moody's said the PSBs' external capital needs will not grow much further after fiscal 2019 because the banks' profitability will gradually improve as credit costs moderate in tandem with progress in an ongoing balance-sheet cleanup.
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Clean banking drive impact: Public Sector Banks (PSBs) shunning aggressive lending practices, says Rajiv Kumar
Sun, Aug 19, 2018
"Passport details have been sought. Another impact is that defaulters have started approaching banks on their own as they have threat of losing control of their business."
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Moody's: Draft bill on resolution of financial firms is credit positive for banks
Tue, Oct 18, 2016
Srikanth Vadlamani, Moody's Vice President and Senior Credit Officer said,"Currently, the resolution of financial firms in India is based on minor parts of legislation enacted for other purposes. As a result the bill is a credit positive for Indian banks in terms of enhancing overall systemic stability".
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Revenue reserves of four public sector banks may be wiped out
Thu, Oct 13, 2016
It said, if the PSBs continue to report sharp decline in their profitability and mounting losses, could lead its revenue reserves in danger, which in turn will hamper their near-term ability to service coupon on Additional Tier 1 (AT1) bonds issued under Basel III capital regulations.
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Watch top 5 stories of this evening; From Govt's Rs 22,915 crore infusion in 13 PSU banks to Wipro's Q1 down 8%
Tue, Jul 19, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this evening: 1. Govt infuses Rs 22,915 crore in 13 PSU banks
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PSBs show decline; pharma, steel firms rise on advance tax front
Wed, Jun 15, 2016
The impact of Non-Performing Asset (NPA) recognition has hit tax payments by state-run lenders in the financial capital, but the steel and pharma sector companies have posted handsome increase for the June quarter advance tax outgo.
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