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Tag "public sector banks"

PSBs to bring convenience of banking to customers’ doorsteps

PSBs to bring convenience of banking to customers’ doorsteps

🕔07:47, 10.Sep 2020

New Delhi, Sep 10  As part of the EASE Reforms, public sector banks (PSBs) on Wednesday launched the doorstep banking service that will bring convenience of banking services to the customers at their homes through the universal touch points of

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Private banks with stronger loss-absorption buffers likely to gain market share: Fitch

Private banks with stronger loss-absorption buffers likely to gain market share: Fitch

🕔18:54, 3.Sep 2020

Mumbai, Sep 3  India’s private lenders, which have stronger loss-absorption buffers than public sector banks, are likely to gain market share from their state-owned peers in the medium term, Fitch Ratings said on Thursday. According to the ratings agency, private

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PSBs need to step up provisioning to restructure Covid-hit loans

PSBs need to step up provisioning to restructure Covid-hit loans

🕔21:46, 8.Aug 2020

New Delhi, Aug 8 Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said. To discourage rampant and unviable restructuring, the RBI has now mandated

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PSBs sanction Rs 17,705 cr collateral free loans for MSMEs

PSBs sanction Rs 17,705 cr collateral free loans for MSMEs

🕔16:58, 7.Jun 2020

New Delhi, June 7  Public sector banks (PSB) have so far sanctioned Rs 17,705.64 crore worth of loans under the 100 per cent government guaranteed Emergency Credit Line Guarantee Scheme. The scheme is part of the Aatmanirbhar Bharat economic package.

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Public sector banks are in for more challenging times:AIBEA

Public sector banks are in for more challenging times:AIBEA

🕔18:27, 17.May 2020

Chennai, May 17  The public sector banks are in for more challenging times following the stimulus package announced by the Union Finance Minister Nirmala Sitharaman, said a top leader of the major banking union All India Bank Employees’ Association (AIBEA).

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UCO extending credit linkage to 10,000 SHGs

UCO extending credit linkage to 10,000 SHGs

🕔04:49, 6.Jan 2020

Kolkata, Jan 6  State-owned lender UCO Bank has said it has recovered Rs 800-900 crore from four large stressed accounts in the December quarter under the bankruptcy law and is extending credit linkage to 10,000 Self Help Groups “We recovered

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Platform for e-auction of PSB attached assets launched

Platform for e-auction of PSB attached assets launched

🕔06:46, 30.Dec 2019

New Delhi, Dec 30  Finance Minister Nirmala Sitharaman here on Saturday launched a common e-auction platform for assets attached by the public sector banks (PSBs). The platform, equipped with property search features and navigational links to all PSB e-auction sites,

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Sitharaman may meet PSB chiefs to review NBFC liquidity

Sitharaman may meet PSB chiefs to review NBFC liquidity

🕔07:00, 27.Dec 2019

New Delhi, Dec 27  Finance minister Nirmala Sitharaman may meet heads of public sector banks (PSBs) on December 28 to review status of bank credit growth, credit to non-banking finance companies (NBFCs), the MSME sector credit, other bottlenecks and the

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PSBs disbursed Rs 4.91 lakh cr loan during Oct-Nov: FM

PSBs disbursed Rs 4.91 lakh cr loan during Oct-Nov: FM

🕔11:57, 4.Dec 2019

New Delhi, Dec 4  As part of a government-initiated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh crore of loans during October-November, the finance ministry said on Tuesday. Finance Minister Nirmala Sitharaman in September asked banks

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PSBs disburse Rs 81,781 cr credit in phase I outreach: FM

PSBs disburse Rs 81,781 cr credit in phase I outreach: FM

🕔07:40, 15.Oct 2019

New Delhi, Oct 15  Public sector banks disbursed Rs 81,781 crore, including new term loans of Rs 34,342 crore during the first phase of the Customer Outreach Initiative from October 1-9 and sanctioned Rs 39,068 crore to NBFCs from September

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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

🕔17:32, 16.Sep 2019

Mumbai, Sep 16  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in

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Mega PSB merger: 10 banks amalgamated into 4-entities

Mega PSB merger: 10 banks amalgamated into 4-entities

🕔17:28, 30.Aug 2019

New Delhi, Aug 30  In a major reform measure, the Central government on Friday announced the merger of 10 public sector banks (PSBs) into four entities, which includes the amalgamation of Oriental Bank of Commerce and United Bank of India

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Public Sector Banks  proposed to be provided Rs 70,000 crore capital to boost credit

Public Sector Banks proposed to be provided Rs 70,000 crore capital to boost credit

🕔13:50, 5.Jul 2019

Government will provide one time six months’ partial credit guarantee to Public Sector Banks for first loss of up to 10% Appropriate proposals for strengthening regulatory authority of RBI over NBFCs being placed in Finance Bill Public Sector Banks are

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Sebi may be asked to relax 75% promoter stake norm for PSBs

Sebi may be asked to relax 75% promoter stake norm for PSBs

🕔18:15, 5.May 2019

New Delhi, May 5  With an aim to enable the further recapitalisation of public sector banks (PSBs), the Finance Ministry may seek a relaxation for PSBs in the market regulator Sebi’s norms for entities requiring promoters to have 75 per

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Centre appoints key management personnel in 3 PSBs

Centre appoints key management personnel in 3 PSBs

🕔09:46, 10.Apr 2019

New Delhi, April 10  The Central government on Tuesday made key management appointments to several public sector banks (PSBs). According to the Department of Personnel and Training (DoPT), the Appointments Committee of the Cabinet (ACC) approved the appointments following proposals from

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PSBs continue with 180 days to resolve Jet

PSBs continue with 180 days to resolve Jet

🕔17:50, 7.Apr 2019

New Delhi, April 7  Public sector banks, led by State Bank of India, have given themselves 180 days to resolve the Jet Airways account even though the time limit has become irrelevant post Supreme Court order that quashed an earlier

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Government mulls more PSB mergers

Government mulls more PSB mergers

🕔20:27, 28.Feb 2019

New Delhi, Feb 28 (IANS) The government is studying various models of PSU banks consolidation though a concrete decision will be taken only after the success of three-way merger of Bank of Baroda (BoB), Dena Bank and Vijaya Bank, official sources

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Goyal tells PSB chiefs to increase lending to MSMEs

Goyal tells PSB chiefs to increase lending to MSMEs

🕔21:20, 28.Jan 2019

New Delhi, Jan 28 (IANS) Finance Minister Piyush Goyal on Monday reviewed the performance of Public Sector Banks (PSBs) during which they committed themselves to stepping up lending to micro, small and medium enterprises (MSMEs) while also significantly increasing the level

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Supllementary Demands for Grants provide for Rs.41,000 crore for recap of PSBs

Supllementary Demands for Grants provide for Rs.41,000 crore for recap of PSBs

🕔14:02, 20.Dec 2018

New Delhi, Dec 20  The government on Thursday presented in the Lok Sabha the second supplementry demands for grants for 2018-19 for gross additional expenditure of Rs. 85,948.86 crore which includes Rs, 41,000 crore for recap of the Public Sector

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Centre to inject Rs 42,000 crore in state-run banks by March

Centre to inject Rs 42,000 crore in state-run banks by March

🕔10:15, 27.Nov 2018

New Delhi, Nov 27  The government will pump Rs 42,000 crore into debt-laden public sector banks in the remainder of the current financial year to March to improve their financial health, a senior Finance Ministry official said on Monday. “We

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