New Delhi, Aug 25 Finance Minister Nirmala Sitharaman on Wednesday said that public sector banks (PSB) will adopt a nationwide credit outreach programme this year. Addressing the media in Mumbai, she said that banks will go about to exhibit loan
New Delhi, July 27 State-run banks have unclaimed deposits worth Rs 16,596.90 crore, the Parliament was informed on Tuesday. Unclaimed deposits are those deposits where proceeds or maturity amount has not been claimed for a period of at least 10
New Delhi, May 31 Public sector banks (PSB) will provide unsecured personal loans of up to Rs 5 lakh to individuals for meeting their expenses of Covid treatment. The decision, which comes in the wake of the severe second wave
New Delhi, April 10 The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its borrowers while changes in valuation
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
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
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
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.
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).
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
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,
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
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
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
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
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
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
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
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
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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