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  • FM Nirmala Sitharaman to meet heads of PSBs next week; nudge them for credit expansion to boost economy Nov 10, 2021 08:52 AM IST

    FM Nirmala Sitharaman to meet heads of PSBs next week; nudge them for credit expansion to boost economy

    According to sources, the two-day meeting would commence on November 17 and undertake a comprehensive review of various segments, progress in government schemes including Aatmanirbhar Bharat Abhiyan.

  • Govt initiates process for filling posts of independent directors in PSBs, FIs Oct 10, 2021 01:31 PM IST

    Govt initiates process for filling posts of independent directors in PSBs, FIs

    There have been vacancies at the independent director level across the public sector space leading to regulatory non-compliance, sources said.

  • Privatisation: Anxious over possible job loss, bank employees’, unions ready for indefinite strike Jun 18, 2021 01:40 PM IST

    Privatisation: Anxious over possible job loss, bank employees’, unions ready for indefinite strike

    Bank Unions are worried that outsourcing of several jobs has already led to retrenchment in clerical roles and privatisation poses “a greater risk” to those positions

  • Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts Jun 09, 2021 11:33 AM IST

    Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts

    The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.

  • PSBs will only lead bad bank, private banks also need to support it: SBI MD Swaminathan J May 07, 2021 09:05 AM IST

    PSBs will only lead bad bank, private banks also need to support it: SBI MD Swaminathan J

    If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company''s outstanding loans, which shall ultimately lead to better resolution of the asset quality stress for all.

  • PSBs disburse Rs 12,201 crore loan to MSMEs under emergency credit line scheme Jun 11, 2020 01:45 PM IST

    PSBs disburse Rs 12,201 crore loan to MSMEs under emergency credit line scheme

    Public Sector Banks (PSBs) have sanctioned loans worth Rs 24,260.65 crore under the 100 percent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1.

  • PSBs disburse Rs 3,893 crore loans to MSMEs on June 1-2 Jun 03, 2020 11:50 AM IST

    PSBs disburse Rs 3,893 crore loans to MSMEs on June 1-2

    PSBs have sanctioned loans worth Rs 10,361.75 crore under the 100 percent ECLGS starting June 1.

  • FM Nirmala Sitharaman meeting with heads of public sector banks gets deferred May 11, 2020 11:06 AM IST

    FM Nirmala Sitharaman meeting with heads of public sector banks gets deferred

    The meeting, to be held via video-conferencing, was to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 cris

  • PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report May 05, 2020 02:10 PM IST

    PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report

    The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.

  • Private lenders may lose deposits to PSBs due to Yes Bank bailout: Report Apr 14, 2020 11:45 AM IST

    Private lenders may lose deposits to PSBs due to Yes Bank bailout: Report

    The Yes Bank rescue has undermined the confidence of depositors in private-sector lenders and will lead to smaller entities losing deposits to state-run banks, a report said on Tuesday.

  • PSB amalgamation effective from today: Six questions on the mega merger plan Mar 29, 2020 12:39 PM IST

    PSB amalgamation effective from today: Six questions on the mega merger plan

    With this mega bank merger, India will have at least six big banks. However, a few questions remain.

  • Bank strike: May affect Branch and ATM functions, digital channels to stay open  Jan 31, 2020 09:03 AM IST

    Bank strike: May affect Branch and ATM functions, digital channels to stay open 

    Services such as cheque clearances, cash deposit, cash withdrawal and loan disbursements at bank branches could be affected during the strike.

  • Do India’s public sector bank employees deserve a 20% pay hike? Jan 29, 2020 12:34 PM IST

    Do India’s public sector bank employees deserve a 20% pay hike?

    Wage disparity between the public and private sector bank employees have been longstanding problem. Isn't it high time the government addressed this?

  • Banks staring at fresh NPA whammy on farm loan waivers, faulty Kisan Credit Card model Jan 07, 2020 01:33 PM IST

    Banks staring at fresh NPA whammy on farm loan waivers, faulty Kisan Credit Card model

    The size of the Maharashtra loan waiver, announced by the new coalition government, could work out to around Rs 51,000 crore.

  • Quality of disinvestment has a lot of room to cover Dec 26, 2019 10:47 AM IST

    Quality of disinvestment has a lot of room to cover

    The pessimism relating to disinvestment has its origin in the way  stake sales have been conducted.

  • No job losses post merger of 10 PSBs: Govt Dec 03, 2019 03:42 PM IST

    No job losses post merger of 10 PSBs: Govt

    In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets that can be used to boost credit and spur growth.

  • 18 PSBs hit by 2,480 cases of fraud of Rs 32,000 cr in Q1: RTI Sep 08, 2019 06:37 PM IST

    18 PSBs hit by 2,480 cases of fraud of Rs 32,000 cr in Q1: RTI

    As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the RTI reply.

  • Bank consolidation positive for long-term but has near-term risks: Global brokerages Sep 03, 2019 11:49 AM IST

    Bank consolidation positive for long-term but has near-term risks: Global brokerages

    Finance Minister Nirmala Sitharaman on August 30 announced merger of 10 banks into four entities.

  • Banking wrap: Govt announces plans to merge 10 banks into 4; RBI accepts Bimal Jalan recommendations Sep 01, 2019 01:04 PM IST

    Banking wrap: Govt announces plans to merge 10 banks into 4; RBI accepts Bimal Jalan recommendations

    RBI decides to review minimum balance norms for savings bank accounts, RBL Bank dips on asset quality concerns and other key developments from the banking sector last week

  • Analysts give thumbs up to mega merger of public sector banks Aug 30, 2019 06:46 PM IST

    Analysts give thumbs up to mega merger of public sector banks

    The consolidation will bring down the total number of public sector banks to 12 from 27.

  • SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report Jul 31, 2019 01:00 PM IST

    SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report

    The bank presently holds 74 percent of SBI Cards and hopes to raise Rs 5,000-6,000 crore from a partial stake sale

  • BBB identifies 75 senior officers for leadership roles in PSBs Apr 19, 2019 10:55 AM IST

    BBB identifies 75 senior officers for leadership roles in PSBs

    It has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.

  • Fund infusion into PSBs not sufficient to support lending growth: Fitch Feb 27, 2019 12:43 PM IST

    Fund infusion into PSBs not sufficient to support lending growth: Fitch

    Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019, after these latest injections, to sufficiently meet minimum capital standards.

  • Govt not looking at any other proposal for PSB merger Feb 11, 2019 04:09 PM IST

    Govt not looking at any other proposal for PSB merger

    In September 2018, the Alternative Mechanism, headed by Union Minister Arun Jaitley, gave in-principle approval for the merger of the three banks to create a global-sized lender.

  • Follow prudential norms for credit without being excessively conservative: Shaktikanta Das to banks Jan 28, 2019 09:47 PM IST

    Follow prudential norms for credit without being excessively conservative: Shaktikanta Das to banks

    During his interaction with the chief executive officers (CEOs) of the state-owned banks, Das highlighted the importance of public sector banks (PSBs) for the economy at all times and especially at the current juncture in helping meet broader economic goals.

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