Public Sector Bank

Public sector banks including BOB, UCO, Punjab and Sind, Union Bank of India, and Canara Indian Banks will get their new Executive Directors.

No public sector bank privatisation till 2024 general election: top government official

Bank privatisation has been on the anvil for successive governments but the plan hasn’t progressed due to stiff opposition from trade unions.

RBI governor asks banks to remain extra careful and vigilant, focus on governance

The governor held meetings with the MD and CEOs of public sector banks and select private sector banks here.

FinMin tells state-run banks to build AI capabilities to increase operational efficiency

Also, the government cautioned state-controlled banks on customer data protection while outsourcing critical services, including technical services.

Retailers received ‘little support' from banks to tide over COVID crisis: RAI Survey

The survey, which took response from 311 retailers across India said 56 percent had outstanding term loan facilities and 52 percent did not get moratorium announced by the RBI on March 27.

From 27 in 2017 to 12 in 2019: Govt's mega merger plan to result in fewer, stronger public sector banks

Here's the list of public sector banks that will exist after the government's mega merger plan.

Policy | Who regulates public sector banks: Government or RBI?

The web of the finance ministry and the RBI on regulation of PSBs is making things murkier.

Budget 2019| Measures to strengthen NBFC and Banking sector

Measures proposed in Budget 2019 do give teeth to the RBI for regulating NBFCs and HFCs. The question of execution will remain

Until bad loans are sorted, consolidation in PSBs will take time

Even as the government has approved State Bank of India‘s (SBI) merger with its five subsidiaries, further consolidation in the public sector banking space could be delayed.

HDFC bank sacks 4 staffers for unauthorised exchange of notes

The bank said "an isolated" incident of "unauthorised" currency exchange involving the employees came to its notice after its systems detected an inconsistency.

Rajan calls for reducing govt, regulatory oversight of PSBs

Suggesting a major reduction in government and regulatory oversight of public sector banks (PSBs), including by RBI itself, the outgoing Governor also proposed withdrawing the central bank nominees from their boards.

On tap banking licences will up competition, hit PSBs: Icra

Coupled with the capital constraints of public sector banks (PSBs) owing to non-performing assets, their market share can go down by up to 10 percentage points in the next five years from the present 70 percent, it warned.

PSU bank employees defer strike after Delhi High Court order

"In view of Delhi High Court restrain order our strike on July 12 and 13 stands deferred," All India Bank Employees' Association General Secretary C H Venkatachalam said.

'Anyone saying PSBs have turned around is selling you a lemon'

Ashwani Gujral of ashwanigujral.com feels the momentum gathered by the market this past week is likely to continue for at least one more week.

View: Exit policy for PSBs needed more than consolidation policy

The idea of consolidating 27 banks into probably five or ten appears to be more a knee jerk suggestion of the bankers gathered at the Gyan Sangam, writes CNBC-TV18's Executive Editor Latha Venkatesh.

SBI, Indian Bank employees to participate in Feb 29 strike

In a filing to the BSE, State Bank of India (SBI) said, "All India State Bank Officers' Federation (AISBOF) being affiliated to AIBOC, will also participate in the strike.

PSU banks to draft paper on NPAs; is a 'bad bank' coming?

Concerned about the bulging non-performing assets (NPA) situation, the government has decided to act fast to tackle the menace.

No need for exaggerated panic, have faith in Indian economy:FM

Talking to reporters at the Finance Ministry a day after the stock market benchmark Sensex saw a massive 807-point plunge and rupee hit its 29-month low, Jaitley said the government will continue to pursue policies to support growth amid global slowdown.

Have greater competition among PSU banks: Rajan

Favouring greater competition among banks, RBI Governor Raghuram Rajan today said government should decentralise decision making in public sector banks (PSBs) after professionalising their boards.

SDR, 5:25 only delaying public banks' asset woes: Religare

Parag Jariwala, vice president-institutional research, Religare Capital Markets says the next few quarters are likely to be painful for the public sector banks (PSBs).

Buy stocks; OROP, 7th Pay Comm to help push demand: Karma

Nandita Parker of Karma Capital says once the US Federal Reserve meeting is out of the way, a lot of the uncertainty in the market will abate. She also says that India is a big beneficiary of everything that has gone wrong with China and the fall in energy prices.

Govt announces seven-step plan to reinvigorate state banks

The government today outlined a seven-step programme for the country's struggling public sector banks, which aims to infuse fresh capital and make a number of changes that would give them greater freedom to operate as commercial entities.

See real uptick in earnings from Q3FY16: Jhunjhunwala

Big bull Rakesh Jhunjhunwala says the market at the moment is in a consolidation phase and the Nifty may revisit 7900-8000.

Market overvalued despite fall; no signs of growth: Andrade

Kenneth Andrade, HD- Investment, IDFC Mutual Fund, says the market has more scope to fall further and if it does, stocks will not be at their correct valuations because they have run up way ahead.