Gyan Sangam

Banking Gyan Sangam deferred, likely to be held after June

The Banking Gyansangam that has been a routine affair for the past two years has been deferred. Primarily because of rising non-performing assets (NPAs), the mergers which are on the cards and a lot of capital infusion that is pending for the banks.

Committee to take view of consolidation: State Bank of Mysore

In an interview with CNBC-TV18, State Bank of Mysore MD Sharad Sharma talked about takeaways from the recent Gyan Sangam summit, developments on the Vijay Mallya case and whether the bank is looking at getting merged with SBI.

Consolidation should not be seen negatively, says BoB chief

PS Jayakumar, MD & CEO of Bank of Baroda says consolidation should not be seen negatively, commenting on niggling concerns among industry followers on impact of consolidation of weaker banks with stronger ones on the latter.

Consolidation of banks may be what the economy needs: Experts

Consolidation is part of a process to essentially create a more sustainable financial burden and eventually hopefully redefine relationship between the government and the nationalised banks, says Leo Puri, Managing Director of UTI AMC.

Panel on PSU banks' consolidation on anvil: Arun Jaitley

An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun Jaitley said.

Gyan Sangam 2016 ends; focus on bank consolidation, NPAs

The two-day Gyan Sangam summit ended today without any policy announcement but with the government reiterating its commitment to taking more steps to boost the sector.

PSU bank officers stage protest at Gyan Sangam

All India Bank Officer Confederation (AIBOC) also said the government should not bring down its stake in IDBI Bank below 50 percent as announced in the Budget.

Gyan Sangam should deliberate on how to dispose off NPAs: OBC

On the sidelines of the second edition of a two-day conference, Gyan Sangam, CNBC-TV18 brings SL Bansal, Ashvin Parekh and Hemindra Hazari to talk about the non-performing loans (NPL) menace banks have been facing with in its special series 'Gyan for Banks'.

Govt to provide more capital to PSU bks, if needed: Jayant Sinha

Government has plans to infuse Rs 70,000 crore in PSBs over four years ending March 2019. Of this, Rs 25,000 crore each would come in 2015-16 and 2016-17. Infusion of Rs 10,000 crore for each of 2017-18 and 2018-19 fiscals.

2nd edition of Gyan Sangam kicks off today; M&A in focus

Earlier this week, Finance Minister Arun Jaitley, in the Budget 2016-17, said the government will unveil a road map for consolidation in public sector banks (PSBs).

Officials to meet to resolve NPA menace at Gyan Sangam on Friday

The mounting bad loans menace amid declining profitability will be the key focus as all stakeholdersâ€”the banks, Reserve Bank of India (RBI) and finance ministry officialsâ€”will get together at this two-day conference.

2nd edition of Gyan Sangam to start next week, NPAs in focus

In this edition of Gyan Sangam, various decisions taken at the last edition would be reviewed, along with the financial performances of the banks and financial institutions. Participants will also deliberate on two focus areas of the government -- financial inclusion and direct benefit transfer scheme.

Budget 2016: More bank reforms likely, finmin to go beyond bank recap plans

The finance ministry and the Reserve Bank of India are unhappy with public sector banks for not dealing with 'bad promoters' and have asked them to use corporate debt restructuring (CDR), strategic debt restructuring (SDR) and sell 'bad' promoters' assets to bring them to task

'Bankers carve new matrix to assess performance of PSBs'

Sources say the government is planning to tweak the criteria of assessing performance of PSU banks - to bring out key performance indicator (KPI) for detailed assessment of PSBs.

Jaitley to meet heads of PSU banks tomorrow

The meeting would review various key financial sector issues like credit offtake in the economy, priority sector lending and progress made under Pradhan Mantri Jan Dhan Yojana (PMJDY). Improving the performance of the PSBs and financial institutions, including through steps like capital infusion, would also be discussed in the meeting.

Budget 2015: FM proposes setting up of autonomous banks board bureau

In order to improve governance of public sector banks, Finance Minister Arun Jaitley on Saturday proposed setting up autonomous banks board bureau for helping lenders raise capital for meeting expansion needs.

Use dips to advantage, buy good balance sheets: Reliance MF

Singhania advises investors not to be worried about periodic corrections in the market, as the longer term story is still looking good

2015 can see 15-20% earnings growth; Like L&T: Anand Tandon

The market started the day in green with Nifty surpassing its 50-day moving average of 8410. Even the Sensex hit 28000-mark.

Thumbs up to Gyan Sangam; like SBI, BoB: IDBI Capital

Shial is bullish on public sector banks especially State Bank of India, Bank of Baroda and Punjab National Bank.

Gyan Sangam was a morale booster for PSBs: Bankers

The two-day bankers' retreat Gyan Sangam saw banking officials conduct various seminars and group discussions on key issues such as ensuring greater autonomy for banks, improving risk management practices, their recapitalization needs, improve asset quality and curb black money among others.