Sun, Mar 24, 2024
In the first three quarters of the current financial year, all 12 PSBs earned a total profit of Rs 98,000 crore, only Rs 7,000 crore less than the entire FY23. PSBs earned the highest-ever aggregate net profit of Rs 1.05 lakh crore during FY23 compared to Rs 66,539.98 crore earned in 2021-22.
More >
Tue, Feb 27, 2024
Considering PSBs’ valuation history, their trading multiples may look constrained now; however, the quality of earnings, growth outlook, and broader re-rating in public sector enterprises (PSEs) will enable steady performance for the sector, the brokerage added.
Tue, Dec 26, 2023
FM's meeting with public sector bankers on 30th December, what will be the important issues of this meeting...? Know complete details in this video.....
Tue, Jun 12, 2018
We will be able to meet the fiscal deficit target of 3.3 per cent by making certain adjustments on different fronts, Sanjeev Sanyal, Principal Economic Adviser, Ministry of Finance, told Anil Singhvi of Zee Business in an exclusive interview, adding that the public sector banks will be recapitalised after their cleansing process is completed under the prompt corrective action (PCA) framework.
Mon, May 21, 2018
Finance Minister Piyush Goyal last week met heads of 11 public sector banks (PSBs) which have been identified under the PCA to check their deteriorating financial health and promised all possible help to strengthen them.
Wed, May 09, 2018
In January 2018, the government announced Rs 2.11 trillion recapitalisation plan for public sector banks, besides chalking out a comprehensive time-bound reforms agenda, EASE (Enhanced Access and Service Excellence). State-run banks were asked to seek approval from their respective boards for implementing the EASE plan.
Tue, Apr 03, 2018
Constitution of BBB was recommended by the Dr PJ Nayak Committee. The Nayak committee in its recommendations asked the government to professionalise the banks. This can be achieved by keeping the Public Sector Banks at an arms distance from the government and by putting professional directors on them to run them. This thing cannot happen overnight, said Vinod Rai.
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.
Sun, Mar 04, 2018
Write-off in banking parlance means that the bank has made 100 per cent provision from its earning against that account
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. "Public Sector Banks (PSBs) need to improve their governance infrastructure. "If there are any deficien
Tue, Feb 27, 2018
Late on Monday night, PNB informed stock exchanges that the amount of fraudulent transactions involving the Nirav Modi scam could go up by over Rs 1,300 crore. "In continuation to our filing with stock exchanges on February 14, 2018, we have to inform that quantum of reported unauthorised transactions can increase by $204.25 million," PNB said in a Bombay Stock Exchange (BSE) filing.
Sat, Feb 24, 2018
The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas
Mon, Feb 19, 2018
Stock market investors who were expecting strong overall third-quarter earnings performance have a reason to feel disappointed.
By Anto T Joseph
Sun, Feb 18, 2018
Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to sanction loans to Rotomac, the sources said.
Tue, Feb 13, 2018
Gross NPAs of banks continue to increase by 34.5% in Q3-FY18 on top of 59.3% last year, while NPA ratio touched 9.45% from 8.34% in December 2016.
Sun, Feb 11, 2018
This is the highest amount among all the public sector banks
Thu, Jan 25, 2018
The government will provide material capital infusions for even weak PSBs since IDBI, CBI and IOB received amongst the highest capital allocations, said Moody's.
Fitch said recapitalisation is "short of enabling the banks to meet higher regulatory capital burdens under Basel III in the face of persistent weak earnings.".
Wed, Jan 24, 2018
The capital infusion plan for the FY18 includes Rs 80,000 crore through recap bonds and Rs 8,139 crore as budgetary support
Wed, Jan 10, 2018
As per Fitch, government officials have indicated that capital injections are to be targeted at supporting lending growth.
Mon, Jan 08, 2018
As of September 2017, PSBs' gross non-performing assets (GNPA) stood at Rs 7.34 lakh crore.
Thu, Jan 04, 2018
The Lok Sabha today gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks (PSBs), with Finance Minister Arun Jaitley promising that the fund infusion would be accompanied by a series of reforms.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.