PSU banks

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).

PSBs’ provisions 7 times more than govt’s capital infusion since FY14

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.

PSU banks post losses in Q3 as bad loans mount

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.

Govt to infuse about Rs 5,000 cr in PSU banks this quarter

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.

MoF asks PSU banks to focus on niche areas, infra sharing

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 on strike today, operations hit partially

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.

PSU bank employees to go on stike tomorrow

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.

Banks have all powers to deal with wilful defaulters: FM 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.

Govt open to dilute stake in PSU banks to 52%: Arun Jaitley

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.

All-out efforts on to bring down PSU banks’ NPA: Jaitley

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.

Govt’s capital infusion breather for PSU banks, but not enough: S&P

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'.

PSU banks shares gain on government’s reform push

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.

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

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.

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

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.

PSU banks can raise funds from market: Jayant Sinha
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