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State-run banks to require more capital as safeguard against stress

State-run banks to require more capital as safeguard against stress

🕔07:06, 28.Jul 2020

Mumbai, July 28  India’s state-owned banks’ plans to raise capital from private sources will not be sufficient to mitigate the anticipated risks unless supplemented with additional capital support from the Centre, Fitch Ratings said on Monday. The assessment comes after

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PSU banks may see higher profits, must tap market: CEA

PSU banks may see higher profits, must tap market: CEA

🕔10:07, 9.Feb 2020

New Delhi, Feb 9  The PSU Banks may see enhanced profits with write-back of some of the loans provisions in their balance sheets on account of the IBC resolutions and they must now tap the market themselves instead of looking

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No recap for PSBs in FY21: FM

No recap for PSBs in FY21: FM

🕔13:21, 1.Feb 2020

New Delhi, Feb 1  Finance Minister Nirmala SItharaman on Saturday said the government has infused Rs 3.5 lakh crore in the PSU banks and now banks will go to market to raise funds on their own, ruling out any recapitalisation.

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Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

🕔17:49, 27.Dec 2019

New Delhi, Dec 27 Three loss making PSU Banks — Allahabad Bank, Indian Overseas Bank and UCO Bank – have got Rs 8,655 crore fresh capital infusion from the government. The Finance Ministry has approved infusing fresh capital amounting to

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Cabinet may take up capital infusion in BSNL, MTNL in September

Cabinet may take up capital infusion in BSNL, MTNL in September

🕔13:50, 8.Sep 2019

New Delhi, Sep 8  After PSU banks, the government is likely to infuse capital in two chronically ill telecom PSUs BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation to them by

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PSU banks lose on BSE post merger announcement

PSU banks lose on BSE post merger announcement

🕔12:46, 3.Sep 2019

Mumbai, Sep 3  State-run banks on the exchanges traded on a weak note during the early trade on Tuesday after the government announced plans to merge 10 public sector banks into four. Punjab National Bank which will be merged with

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Govt to hold 51% stake in PSU banks: Finance Secy

Govt to hold 51% stake in PSU banks: Finance Secy

🕔12:45, 31.Aug 2019

New Delhi, Aug 31  Finance Secretary Rajeev Kumar said on Friday that the government will keep its stake in the nationalised banks at 51 per cent. “PSU banks do a lot for the general public. The government will keep its

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India needs few mega banks to compete globally: CEA

India needs few mega banks to compete globally: CEA

🕔06:58, 20.May 2019

New Delhi, May 20  Batting for PSU banks’ consolidation, chief economic advisor Krishnamurthy V Subramanian has said having a few good banks is a good idea as they can compete and their quality can get enhanced to compete globally with

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PSU banks recover Rs 98,000 cr in first 3 quarters of FY19

PSU banks recover Rs 98,000 cr in first 3 quarters of FY19

🕔13:22, 28.Feb 2019

New Delhi, Feb 28 Banking Secretary Rajeev Kumar on Thursday said the PSU banks have recovered Rs 98,000 crore in the first three quarters of the current financial year. The provision coverage ratio (PCR) of the banks for bad loans have

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Government appoints MD & CEO in 10 PSU banks

Government appoints MD & CEO in 10 PSU banks

🕔09:58, 20.Sep 2018

New Delhi, Sep 20 :  Mrutyunjay Mahapatra and Padmaja Chundru are among five deputy managing directors in State Bank of India who have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to

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Government banks continue to fund coal projects in India : Report

Government banks continue to fund coal projects in India : Report

🕔20:17, 19.Jun 2018

New Delhi, June 19 (IANS) A majority of government-owned banks and financial institutions continued to fund coal projects in India in 2017, an analysis of energy project lending said on Tuesday. It also reveals that comparatively, private financial companies are investing

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Bank of Maharashtra eyes 10% loan growth in 2017-18

Bank of Maharashtra eyes 10% loan growth in 2017-18

🕔19:51, 18.Feb 2017

Kolkata, Feb 17 (IANS) Public sector lender Bank of Maharashtra is aiming at a 10 per cent loan growth in the next fiscal, an official said on Friday. “We are expecting to disburse about Rs 1.08 lakh crore of advances by

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Rs.12,000 crore supplement demand for grant for banks’ recapitalisation

Rs.12,000 crore supplement demand for grant for banks’ recapitalisation

🕔09:51, 1.Aug 2015

New Delhi, Aug 01  The government on Friday presented to parliament a supplementary demand for grants to provide for Rs.12,000 crore towards recapitalization of public sector ba(PSBs). Finance Minister Arun Jaitley plans to provide Rs.25,000 crore capital each in the

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Merchant bankers bid for appointment to PSU stake sale

Merchant bankers bid for appointment to PSU stake sale

🕔16:02, 22.Jul 2015

New Delhi, July 22  Merchant bankers bidding for being appointed for the stake sale by the government in 10 public sector undertakings (PSUs) are required to submit their bids to the department of disinvestment (DoD) by Friday. A finance ministry

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Arun Jaitley to meet PSU banks’ chiefs on Wednesday

Arun Jaitley to meet PSU banks’ chiefs on Wednesday

🕔10:42, 11.Mar 2015

New Delhi, March 11  Finance Minister Arun Jaitley will meet the heads of public sector banks (PSBs) on Wednesday to review their performance, particularly with regard to passing on the Reserve Bank of India’s recent interest rate cuts to borrowers.

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