Page 5 of PSU 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…

Updated: March 28, 2016 02:39 IST

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…

March 20, 2016 07:25 IST

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…

March 10, 2016 17:16 IST

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…

Updated: March 2, 2016 16:03 IST

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

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…

Updated: February 16, 2016 10:04 IST

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…

February 9, 2016 22:39 IST

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,…

Updated: February 8, 2016 10:26 IST

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…

January 11, 2016 07:48 IST

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…

Updated: January 8, 2016 12:45 IST

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…

January 7, 2016 19:24 IST

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…

November 23, 2015 17:06 IST

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…

September 28, 2015 16:58 IST

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…

August 21, 2015 12:56 IST

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…

Updated: August 19, 2015 17:40 IST

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’.

Updated: August 17, 2015 17:03 IST

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…

August 6, 2015 16:24 IST

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…

July 31, 2015 15:05 IST

Editorial: The Electrosteel solution

Will be first takeover by banks under new rules

Updated: July 29, 2015 03:40 IST

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KKR invests afresh in lighthouse; PSP Investments joins in

Business5 hr ago

KKR, a private equity firm, has invested in Lighthouse Learning, with Canadian pension fund PSP Investments also joining as a new investor. KKR plans to use the capital to expand K-12 schools and preschools in key cities. Lighthouse Learning has a workforce of 22,000 and a revenue of Rs 881 crore.

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