PSU banks
Are PSU banks set to become profitable this year after four years of losses?
All PSU banks recorded a net profit of Rs 507 crore in the first three quarters of FY2019-20.
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IBPS recruitment 2019: Admit card now available at ibps.in; Check details
The Institute of Banking Personnel Selection (IBPS) has released a notification regarding issuing of hall tickets for the upcoming preliminary exam training call letters.
Top Heavy: Indian banks have more officers than clerks; how the situation changed in just 15 years
PSU banks still have more clerks and subordinate staff than officers whereas the role of clerks has completely diminished in private banks.
PSUs on sale: Workers take to street to protest Modi govt’s privatisation bid
PSU Disinvestment: Central trade unions have opposed the Modi government's proposal to shutdown the State Trading Corporation and Project & Equipment Corporation.
Big bank theory: PSU banks to get CGMs as they look to expand footprint
Banking sector reforms: Modi government has empowered boards of public sector banks to create a new position of CGM to restructure their senior management.
Why PSU banks mega merger plan is good despite opposition from trade unions
In the second round of merger, 6 PSU banks will merge with 4 larger banks. The move is aimed at increasing the efficiency of public sector banks.
Arun Jaitley meets PSB heads; wants to empower banks amidst NPA crisis: 5 key things FM said
Finance Minister Arun Jaitley on Monday met CEOs of public sector banks to discuss various key challenges facing the banking sector.
State-run banks’ credit profiles at risk on heavy losses: Fitch
The credit profiles of state-run banks are under pressure following huge losses in the past two consecutive quarters which have weakened their core capital adequacy, says Fitch.
20 PSU banks’ loss stand at Rs 16,272 cr in Q4, should you invest in them?
The combined net loss of 20 public sector banks (PSB) stood at Rs 16,272.34 crore for the fourth quarter ended March 2016 as bad loans situation worsened.
5 PSU banks post Rs 6,751-cr loss in Q4 on bad loans, should you invest?
Bad loan mounts: Five public sector banks such as Bank of Baroda, UCO Bank, Central Bank of India, Allahabad Bank and Dena Bank on Friday registered a combined net loss of over Rs 6,700 crore for the quarter ended March 2016
PSU banks may face further stress on asset quality: Moody’s
Flagging "under-recognition" of bad loans by banks as a concern, ratings agency Moody's said asset quality of the 11 rated PSU banks may face further stress as restructured loans may eventually turn into NPAs.
REC puts Rs 1,500 cr into AT-1 bonds of three PSU banks
Rural Electrification Corporation (REC) has invested R1,500 crore in the additional tier-1 (AT-1) bonds or perpetual bonds of Indian Bank, Syndicate Bank and Vijaya Bank, reports Bhavik Nair in Mumbai.
PSU banks: Asset quality continues to be under stress
We remain cautious on PSU banks, as we see continued asset quality stress. We think the macro turnaround is not imminent, and this should drive further worsening of the asset quality cycle, with credit costs remaining elevate
IRDA okay with LIC investment in public sector banks
According to an official, the regulator did not find anything wrong with its investment pattern in PSU banks. Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the f
India best among EMs; health of PSBs, corporates a worry: IMF
IMF's financial counselor Jose Vinals said that India is the best placed among emerging markets, but underlined that it has problems of its own which need to be dealt with.
PSU banks on fire after RBI eases capital norms; SBI surges over 10%
Shares of public lenders such as State Bank of India (SBI) surged 11.50 per cent, followed by Punjab National Bank (up 6.65 per cent) and Bank of Baroda (up 6.65 per cent).
PSBs’ provisions 7 times more than govt’s capital infusion since FY14
Since the financial year ending March 2014, the government has infused Rs 35,547 crore of equity into 21 public sector banks, including State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB).
PSU banks post losses in Q3 as bad loans mount
Hit by mounting bad loans, three public sector banks, namely Central Bank of India, Allahabad Bank and Dena Bank, reported losses while Punjab National Bank posted a sharp decline in profit for the third quarter of 2015-16.
Govt to infuse about Rs 5,000 cr in PSU banks this quarter
As per the blueprint, PSU banks will get Rs 25,000 crore this fiscal and also in the next fiscal. Besides, Rs 10,000 crore each would be infused in 2017-18 and 2018-19.
MoF asks PSU banks to focus on niche areas, infra sharing
The Ministry of Finance (MoF) is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure.
PSU bank employees on strike today, operations hit partially
Some of the services, like cash handling at branch level and clearing of checks were affected in the banks where presence of All India Bank Employees' Association (AIBEA) is strong.
PSU bank employees to go on stike tomorrow
A section of public sector banks' employees will observe one-day strike across the country tomorrow to protest violation of bilateral settlement agreement by associate banks of State Bank of India.
Banks have all powers to deal with wilful defaulters: FM Arun Jaitley
Concerned over "unacceptable" NPA levels, Finance Minister Arun Jaitley today discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
Govt open to dilute stake in PSU banks to 52%: Arun Jaitley
Government is open to dilute its stake in public sector banks to 52 per cent, Finance Minister Arun Jaitley said and promised more steps to tackle bad loan problems including those involving state power providers.
All-out efforts on to bring down PSU banks’ NPA: Jaitley
Finance Minister Arun Jaitley said an all-out effort has been launched to correct the current "unacceptable" level of bad loans in the PSU banks.
Govt’s capital infusion breather for PSU banks, but not enough: S&P
Standard & Poor's however said that government's fund infusion plan won't fully resolve their looming capital shortfall and weak banks will remain vulnerable to slippages in asset quality.
