PSU banks

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 - bad loans

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.

moodys france

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.

public sector banks

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

public sector banks

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).

Ambuja Cements shares

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).

Banks bad loans, BoB, Central Bank of india, Allahabad Bank, Dena Bank

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.

Indian rupee vs US dollar

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.

public sector banks

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.

andhra bank

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.

public sector banks

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.

Arun Jaitley

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.

jaitley on psbs

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.

jaitley on psbs

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.

Indian rupee vs US dollar

PSU banks shares gain on government’s reform push

Shares of public sector banks gained on Monday after government on Friday announced a seven-pronged PSU banks' revival plan 'Indradhanush'.

jyoti structures

Govt capital infusion in PSBs credit positive, but not a game changer: Moody’s

In the recent times the PSU banks have not been able to access capital market which is a "key negative driver of their overall credit profile", Moody's Investors Service said.


Finance Minister Arun Jaitley seeks extra $4 billion net spending, cash for banks

Finance Minister Arun Jaitley sought parliamentary approval to spend a net additional $4 billion in the current fiscal year, almost half of it earmarked to inject capital into state-run banks struggling with bad debts.

arun jaitley finance ministry

Editorial: The Electrosteel solution

Will be first takeover by banks under new rules

PSU banks can raise funds from market: Jayant Sinha

With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry said they have been allowed to raise funds from market to meet capital requirements.

Jayant Sinha -Indian railways

Govt to soon finalise additional fund infusion for PSU banks

The Finance Ministry is expected to soon finalise additional capital infusion of about Rs 12,000 crore for public sector banks and seek Parliament's nod for the sanctioning of funds.

Arun Jaitley

Challenges for PSU banks remain despite uptick in economy: Fitch Ratings

Fitch Ratings' said challenges for PSU banks remain despite improving macro picture.

State Bank of India

Govt plans to give about Rs 57,000 cr to public sector banks for recapitalisation

The government intends to provide $9 billion (about Rs 57,000 crore) to public sector banks towards recapitalisation over the next two fiscal to meet global risk norms and for growth, Finance Secretary Rajiv Mehrishi said.

economic growth in india

Editorial: How do PSU banks grow?

That’s what the FM needs to talk to them about.

Editorial: Reimagining PSU banks

Around 4 lakh retirees in 3-4 years is a big opportunity

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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