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Public Sector Banks

FM Sitharaman to review with Public Sector Bankers' financial performance on 30th december

FM Sitharaman to review with Public Sector Bankers' financia...

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.....

Budget 2020: Govt loses 23 paise on each Rupee of taxpayer money used in PSBs

Budget 2020: Govt loses 23 paise on each Rupee of taxpayer money...

Sat, Feb 01, 2020

Compared to this, every rupee of investor money invested in "New Private Banks" (NPBs) - banks licensed after India`s 1991 liberalisation - on average, gained 9.6 paise. This means PSBs are far more inefficient compared to private banks and hence they need to catch up fast.

Modi government takes this big step for assets attached by Public Sector Banks

Modi government takes this big step for assets attached by Public...

Sun, Dec 29, 2019

In a key development, Finance Minister Nirmala Sitharaman here on Saturday launched a common e-auction platform for assets attached by the public sector banks (PSBs).

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Stake dilution in PSBs after their health improves: FM Jaitley

Stake dilution in PSBs after their health improves: FM Jaitley

Mon, May 08, 2017

Jaitley said the non-performing assets (NPA) problem is limited to "a certain set of accounts and these numerically are not very large in number but the quantums are high

New NPA norms give more power to RBI to settle bad loans but is it that easy?

New NPA norms give more power to RBI to settle bad loans but is it that easy?

Fri, May 05, 2017

As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.

Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis

Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis

Fri, May 05, 2017

The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”

Banking rules revamp to make bad loan resolution more effective, says finance secretary

Banking rules revamp to make bad loan resolution more effective, says finance secretary

Thu, May 04, 2017

Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.

Here's how banks can save themselves from NPA stress

Here's how banks can save themselves from NPA stress

Wed, May 03, 2017

Bad loans are one of the reasons why banks are currently suffering through higher provisions, deterioration in asset quality, higher slippages and thus lower earnings.

Public sector banks merger could help banking system: RBI Governor

Public sector banks merger could help banking system: RBI Governor

Tue, Apr 25, 2017

Patel said that divestment in public sector banks would have a positive role for the sector. "Divestment measures would improve overall banking sector health," he said.

Can RBI solve stressed assets problem alone?

Can RBI solve stressed assets problem alone?

Fri, Apr 21, 2017

The Reserve Bank of India (RBI) has brought in new reforms to tackle banks' long hanging problem of “stressed assets.” Stressed assets arise after adding into non-performing assets (NPA), restructured loans and written off assets.

Q4 was another challenging quarter for Banking sector?

Q4 was another challenging quarter for Banking sector?

Wed, Apr 19, 2017

Previous three quarters of banking sector in FY17 were muted as they suffered from single-digit loan growth, excess liquidity, weak NII and lack of resolution to its non-performing assets (NPAs) problem.

FinMin expects 6 banks to raise funds via FPO as market improves

FinMin expects 6 banks to raise funds via FPO as market improves

Sun, Apr 16, 2017

In the Budget 2017-18 speech on February 1, Finance Minister Arun Jaitley announced capital infusion of Rs 10,000 crore for the current fiscal.

Cash balance in Jan Dhan accounts at its lowest since October

Cash balance in Jan Dhan accounts at its lowest since October

Wed, Mar 29, 2017

Data show that although from October to November 2016 saw an over Rs 30,000 crore rise in deposits in Jan Dhan accounts, withdrawals are slowly inching up,

Agency banks, RBI offices to remain open till April 1

Agency banks, RBI offices to remain open till April 1

Sat, Mar 25, 2017

The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.

Arun Jaitley tells parliament: 9,130 wilful defaulters owe Rs 91,155 crore to banks

Arun Jaitley tells parliament: 9,130 wilful defaulters owe Rs 91,155 crore to banks

Fri, Mar 17, 2017

Jaitley said that from out of the all the defaulters, suits against 8,364 have been filed with loan amounting to Rs 85,258 crore. FIRs on 2,024 defaulters with loan of Rs 29,557 crore have been initiated, the parliament was told.

Mallya says ready to talk to banks for one-time settlement

Mallya says ready to talk to banks for one-time settlement

Fri, Mar 10, 2017

The embattled liquor baron Vijay Mallya on Friday took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.

Banks deposits soar 16% but credit fails to grow

Banks deposits soar 16% but credit fails to grow

Wed, Mar 01, 2017

RBI said, "On a year-on-year (y-o-y) basis, aggregate deposits grew at an accelerated pace in all population groups (except in metropolitan areas) and for all bank groups; on the other hand, however, bank credit decelerated across all population groups and bank groups."

Bank strike likely on Feb 28, may dent services

Bank strike likely on Feb 28, may dent services

Sun, Feb 26, 2017

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

RBI's Viral Acharya says immediate need to resolve bad loans

RBI's Viral Acharya says immediate need to resolve bad loans

Wed, Feb 22, 2017

"Since the RBI initiated the Asset Quality Review (AQR) of banks in the second half of 2015, it appears that possibly up to a sixth of public sector banks’ gross advances are stressed (non-performing, restructured or written-off), and a significant majority of these are in fact non-performing assets (NPAs)," said Acharya.

Indradhanush 2.0 on anvil for recapitalisation of PSBs

Indradhanush 2.0 on anvil for recapitalisation of PSBs

Sun, Feb 12, 2017

The RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as non-performing assets (NPAs) and make adequate provisions for them. It has had a debilitating impact on banks' numbers and their stocks. The central bank has set a deadline of March 2017 to complete the AQR exercise.

RBI's Acharya says NPA problem require significant recapitalisation of banks

RBI's Acharya says NPA problem require significant recapitalisation of banks

Wed, Feb 08, 2017

Acharya added, "There is a need for speedy and efficient resolution of stressed assets as it probably could help in restoring the utilisation capacity in this sector while further creating healthy investment in the system and at the same time would also support banks to again start lending in the same sectors again."

Capital infusion in PSU banks after Q3 numbers

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.

New AT1 rules double PSBs'debt servicing ability to Rs 2.3 trillion

New AT1 rules double PSBs'debt servicing ability to Rs 2.3 trillion

Sun, Feb 05, 2017

"The RBI decision avoids potential damage to sentiment in domestic AT1 market, which will have made it even harder for banks to raise the large amount of new capital that they require over the next two years," Saswata Guha, a director at Fitch said in a weekend note.

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