Page 10 - Psbs

PSBs to introduce common staff accountability guidelines for NPAs

Loans up to Rs 50 cr t be brought under new regime, fraud accounts to be kept out of ambit; aim is to reduce hardship to employees, save resources

PSBs in focus; SBI hits new high, Canara, Indian Bank hit 52-week highs

Indian Bank, Union Bank of India, Canara Bank and Bank of Baroda soared between 25 per cent and 49 per cent in the past one month

Bad bank, good intentions and bad lending

If PSBs cannot lend as indiscriminately as they did last time in the name of "credit expansion", how well will these banks do?

PSBs told to push for financial inclusion, expand insurance coverage

The Centre has also asked state-owned banks to enter into co-lending arrangements with NBFCs and MFIs

Govt starts process for filling posts of independent directors in PSBs, FIs

As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of directors as independent directors.

FinMin suggests holding clerical exams for PSBs in regional languages

The finance ministry has suggested the Institute of Banking Personnel Selection to hold clerical recruitment exam for public sector banks (PSBs) in 13 regional languages along with English and Hindi

The big bank idea

India needs more efficient financial entities

Centre starts talks with RBI to kick off bank privatisation process

The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said

Public sector banks and corporate governance

Ten out of 11 nationalised banks don't have a chairman. Most bank boards don't have adequate number of non-official directors

Reforming PSBs most important task ahead for govt: Montek Singh Ahluwalia

Business Standard sits down with renowned economist and former deputy chairman of the Planning Commission, Montek Singh Ahluwalia, to get answers to crucial questions on the economy

Loan mela mindset

Govt should not push PSBs to lend

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