Page 3 - Indian State Banks

Vodafone Idea 'in talks' with SBI for loan, asked to give turnaround plan

Bank has asked Vodafone Idea to present a detailed plan on their financial viability including equity infusion from the largest shareholders, says Bloomberg.

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

Irdai issues norms to protect group policyholders of merging state banks

Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms

PSBs' losses up 3.5 times to Rs 147 bn in Q2 on bad loans; PNB hit hardest

These 21 public sector banks had posted a net loss of Rs 42.84 billion in the September quarter of 2017-18

Big Indian state banks need up to Rs 95,000 crore capital by March 2019

Weak capitalisation levels will remain a key credit weakness for the 11 banks