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education loan, nbfc on education loan, education loan interest rate,

NBFCs outscore PSBs in NPA-prone education loans

In September 2020, the RBI increased the threshold for education loan under priority sector lending to Rs 20 lakh from…

December 24, 2022 02:15 IST

According to the earlier rules, the MD or the executive director of a public sector undertaking bank was eligible for a maximum tenure of 5 years or until they reach 60, whichever was earlier.

Govt extends tenure of PSB MDs to 10 years

The move will help the government retain talents, who rise through the ranks relatively quickly at state-run banks. It will…

November 19, 2022 06:15 IST

PSB stocks were eight out of the top 10 performers in the past three months.

PSB stocks outperform private peers in CY22

The valuation discounts (ex-SBI) have meaningful room to narrow as multiples are still one-third of private sector peers for a…

November 18, 2022 02:15 IST

PSU Banks, PSU Banks market share, PSU Banks share

PSU Banks may arrest decline in market share

In addition to cleaning up their balance sheets, PSBs have also improved their loan-processing systems, which will hold them in…

November 12, 2022 02:15 IST

Capital infusion into PSBs unlikely in FY23, a first in 15 years

No plan for supplementary demand

October 25, 2022 00:45 IST

Govt asks PSBs to review performance of digital banking units

While there is no immediate plan to raise the number of the DBUs from the current 75, if these units…

October 22, 2022 03:45 IST

This economic structure was well aligned with the contemporaneous banking structure where public sector banks owned roughly 90 per cent of total banking assets in India, especially after two major episodes of nationalisation of banks (1969 and 1980).

Consolidation of PSBs has not impacted their outreach, says RBI Deputy Guv Rao

The genesis of financial sector reforms in India could be attributed to the recommendations of the Committee on the Financial…

October 21, 2022 22:31 IST

IDBI Bank sale, IDBI Bank, IDBI Bank privatisation, IDBI Bank disinvestment

IDBI Bank sale to herald PSB privatisation: Tuhin Kanta Pandey

EoI for strategic disinvestment of the lender soon

September 15, 2022 01:45 IST

Additionally, the banks’ asset quality started worsening from 2013-14 onwards, with the gross and net nonperforming assets (NPA) ratios rising from 2.3% and 1.1%, respectively, in 2007-08 to 9.1% and 3.7% in 2018-19. The soundness of public sector banks remains a challenge as asset quality issues were more pronounced for them.

PSBs need more autonomy to deal with frauds: RBI study

The banking sector registered 6,801 frauds to the tune of Rs 71,543 crore in FY19, 53% of which were related…

August 20, 2022 03:30 IST

Government ceding control could impact PSBs’ credit profile, ratings: India Ratings

The government’s ceding of ownership and control of public sector banks (PSBs) could have significant implications for their credit profile,…

August 17, 2022 18:34 IST

Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent. However, leading public sector lenders -- SBI and PNB -- posted lower profits in the June quarter.

Lower bad loans push PSU banks’ profitability in June quarter

Out of the total amount, Rs 34,997 crore was sourced through budgetary allocations and Rs 2,76,000 crore through issuance of…

August 11, 2022 17:13 IST

While the government proposed privatisation of two PSBs in the last Budget, sections within it feel that the process could be initiated only after more consultations among stakeholders, particularly potential investors.

Public-sector banks privatisation off agenda; PSB Bill unlikely in monsoon session

The Bill proposes to “effect amendments in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidental…

July 14, 2022 03:15 IST

IBA seeks bids from advisory firms for designing leadership development programme for PSBs

The bidder will be selected under the Quality cum Cost Based System (QCBS) with weightages of 80:20 (80 per cent…

Updated: January 17, 2023 18:35 IST

The meeting, convened by the department of financial services, came at a time when the government wants banks to satiate the growing credit appetite of a fast-recuperating economy that is also facing considerable external headwinds in the wake of the Russia-Ukraine conflict.

Finmin asks PSBs to support growth with adequate credit to industry

Non-food bank credit grew 11.3% on year in April, compared with 9.7% in the previous month and 4.7% a year…

June 21, 2022 06:00 IST

She will also review the progress of various financial inclusion and other schemes of the govenrment, including those announced as part of the Atmanirbhar Bharat initiative.

Finance minister Nirmala Sitharaman to review large NPAs, asset quality of public-sector banks on June 20

On May 4, the Monetary Policy Committee (RBI) resorted to an out-of-cycle repo rate hike by 40 basis points, the…

June 18, 2022 06:30 IST

At the same time, all PSBs will also create a bank-specific 3-year strategic road map. This will entail strategic initiatives beyond EASE 5.0. The initiatives will be across diverse themes, including business growth, profitability, risk, customer service, operations, and capability building.

Public-sector banks to firm up 3-year road maps under new initiative

EASENext, the latest and revamped version of the EASE (Enhanced Access and Service Excellence) reform programme for PSBs, will have…

June 9, 2022 06:15 IST

Their demands included updation and revision of pension for all pensioners and doing away with the national pension scheme and restore old pension scheme for all bank employees, AIBEA general secretary C H Venkatachalam said after the meeting of UFBU.

Public sector bank employees threaten to go on strike on June 27

The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers’ Confederation…

June 8, 2022 20:46 IST

Financial services secretary Sanjay Malhotra

Govt wants lenders to weigh next-generation reforms

Finance ministry directs PSBs to boost financial inclusion

April 24, 2022 04:30 IST

The minister is also likely to review the progress of key government programmes, including the Rs 5-trillion guaranteed loan scheme (known as ECLGS) for MSMEs and other businesses.

FM Nirmala Sitharaman to review credit flow in meet with PSB chiefs on April 23

This is despite the fact that daily liquidity in the banking system continued to remain in surplus since June 2019.…

April 8, 2022 05:10 IST

He also said that the judgment was delivered only after all the banks through Indian Banking Association were heard.

Bank privatisation move an exciting opportunity for investors: Former RBI Deputy Governor

What is good for the country will have to be looked at while deciding on the entity, which will be…

July 15, 2021 22:25 IST

IBPS suspends online registration process for clerks exams in PSBs

The institute asked candidates to follow its website for further information on the same.

July 14, 2021 21:25 IST

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