Page 10 - Psbs

FM Sitharaman asks PSBs to conduct credit outreach programme across India

The government will look to amalgamate or disinvest in entities in the financial sector after ensuring that it has minimum presence, she said

Good show by private banks, better by PSBs

Whether it is net profit, fee income or bad loans, public sector banks have put up a better show in the June quarter than their private peers

Parliament briefs: PSBs extend 133,000 loans for Covid-19 treatment

58.2 million inoperative Jan Dhan accounts, frauds at urban coop banks decline

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

PSBs in talks for creating common digital infrastructure platform

Will set up a corporation to enable enhanced access to customers and businesses for credit offerings. This is in line with govt steps to boost digital banking and promote digital lending

Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 cr in FY21: RTI

Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response.

Banks privatisation an exciting opportunity for investors: Former RBI DG

What is good for the country will have to be looked at while deciding on the entity, which will be granted a license, N S Vishwanathan said

ED transfers Rs 9,371 cr assets seized in Mallya, Nirav cases to PSBs, govt

The ED on Wednesday transferred seized assets worth Rs 9,371.17 crore in the cases related to Vijay Mallya, Nirav Modi, and Mehul Choksi, to Public Sector Banks (PSBs) and Central Government

PSBs sanction 95% of all loans under PM SVANidhi scheme for street vendors

Scheme provides working capital up to Rs 10,000 repayable in a year to hawkers, who get 7% interest subsidy from govt; banks get graded guarantee cover

Covid-19 second wave hits PSBs collection in May: Indian Bank Association

Indian Banks Association (IBA) Chairman Rajkiran Rai on Sunday said that the second wave of COVID-19 has impacted the collections of Public Sector Banks (PSBs) in the month of May.

Second wave of Covid-19: Consider second loan recast, PSBs tell RBI

Want lower provisioning for restructuring than last year

Arbitration case: Cairn digs in heels, PSBs say prepared for legal battle

Deposits are customers' money and not govt assets, hence can't be attached: Lenders

FinMin asks state-run banks, insurers to postpone staff promotions

The advisory issued by the DFS states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns

Govt's move to inject Rs 14,500 cr in 4 PSBs won't raise tangible equity

According to Ind-Ra, these securities would be factored at par value rather than at the discounted value in the banks' balance sheet.

Capital infusion into PSBs: Preparatory work for privatisation starts

Buoyant market may gradually reduce PSBs' dependence on government for funds

PSB mergers may hit mutual fund transactions

Industry players say redemption, incremental buying or SIP transactions of investors of PSBs could be hit if account details are not updated by clients over the next few days

Nationwide strike impacts banking services of public sector banks

Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the UFBU have gone on a nationwide strike

Top headlines: iPhone 12 assembly in India, Buffett joins $100 bn club

Business Standard brings you top news of the evening

Payments banks may also join private banks to offer tax, pension services

The finance ministry has now made it clear that there is now no bar on the RBI's authorisation of private-sector banks to offer government business

Punjab & Sind Bank shares advance nearly 5%; hits the upper circuit

Shares of Punjab & Sind Bank advanced nearly 5 per cent in morning trade on Wednesday after the bank said it will allot shares worth Rs 5,500 crore to the government in lieu of capital infusion. After opening in the green territory, the bank's shares rose 4.98 per cent to hit the upper circuit limit at Rs 17.48 a piece on the BSE. The scrip hit its upper trading limit on the NSE as well, with a gain of 4.80 per cent at Rs 17.45. An extraordinary general meeting (EGM) of the shareholders of the bank is scheduled on March 25, 2021 for preferential issue of equity shares to the government up to Rs 5,500 crore, the bank said in a regulatory filing on Tuesday. The EGM, the bank said, will take place through video conferencing and other audio visual means for passing the resolution for issuing shares to the government. In September, the government had approved a Rs 20,000 crore fund as part of the Supplementary Demands for Grants for 2020-21, for capital infusion into public sector ...