The bureau has interviewed 72 candidates from various public sector banks this month.
Since all PSBs have been nursed back to health, there will be enough suitors interested in the solid deposit franchise and the unmatched distribution strength of PSBs
The central bank has come up with a discussion paper on climate risk and sustainable finance and has asked for feedback from concerned stakeholders about the possible regulatory system in the near future.
Public sector banks are in investors’ focus with continuous improvement in asset quality and pick-up in advances.
Earlier this month, Punjab & Sind Bank got board approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government.
SBI’s asset quality has not only improved significantly but it also trended better than that of private peers in FY21
LIC and the central government will seek premium valuation to give away the control of IDBI Bank that has been nursed back to health
The regulator has done a fine balancing job as the revised valuation norms will protect investors while minimising the adverse impact on mutual funds and banks
SEBI’s move on valuing AT1 bonds will protect investors, but may kill the market for these bonds
While the Budget 2021 proposals are encouraging, the government has to act swiftly in getting private participation and taking toxic assets out of the system
The obvious flaw with this kind of a one-size-fits-all agreement is that it does not distinguish between individual employees on the basis of their productivity
In Punjab National Bank, 294 cases of banking fraud were reported during this period, with Rs 14,928.62 crore involved in it.
At least four bank employees' unions have threatened to go on a two-day strike ahead of the weekend
However, the department of finance wants more time to study the proposal in detail.
PM Modi said the government has to work like an “enabler” and not an “obstructer”, maximizing productivity and optimizing processes
PSBs’ average credit growth in the year through March 2018 was 4.7 percent, compared to 20.9 percent for private banks
Unless more holistic changes are made in PSU banks, just raising the cap for FDI will not result in a rush of capital into them, said Munish Dayal, Senior Partner, Baring Private Equity Partners India.
CNBC-TV18 learn from sources that a decision on merging public sector banks (PSB) will be taken any time after August 15th.
Flagging difficulties in getting top talent at public sector banks, RBI Governor Raghuram Rajan today said they tend to over-pay at the bottom but under-pay their top executives, even as he rued, albeit jokingly, himself being "under-paid".
Finance Minister Arun Jaitley today said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 shared his views on the RBI policy and its likely impact on public sector banks (PSBs) and real estate sector.
Why is India the only democracy in the world that has state owned banks, says author Gurcharan Das.
Demand for credit would rise gradually from next fiscal, driven by falling differential between the base rates of banks and capital market rates, and healthy retail credit growth. Loan growth is projected at 12-14% for the next fiscal.
According to Taher Badshah of MOS AMC the growth trajectory for public sector banks (PSBs) seems to be better than that for private banks but private banks will continue to support the rally
Shareholders of Dena Bank have approved raising up to Rs 800 crore by issuing shares by way of Qualified Institutional Placement (QIP) in one or more tranches.