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
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
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
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
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
New Delhi, Sep 26 The government on Tuesday announced three initiatives to take banking to the last mile comprising a financial inclusion index, geographical mapping of banking services and hassle-free online loans for MSMEs valuing upto Rs 1 crore. After
Mumbai, Sep 8 The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore each on three public sector banks for non-compliance with its directions on “Fraud – Classification and Reporting”. According to the RBI, the penalty was
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
New Delhi, June 19 (IANS) In a move to ensure that credit flow to domestic industry is not hindered by the massive non-performing assets (NPAs), or bad loans, accumulated in the Indian banking system, state-run banks on Tuesday decided to take
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