Page 11 - Psbs

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

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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 ...

Relief for HDFC Bank as SAT stays Sebi directive on Rs 160 cr transfer

Matter pertains to BRH Wealth Kreators share-pledge fiasco; SAT cites lender's financial strength while asserting it won't run away or become insolvent

Size, branch reach make Bank of India an attractive privatisation candidate

First to exit PCA in 2019, the bank's efforts to better its asset quality is yielding results

PFC, REC score over listed PSBs; report faster growth in advances

These two term lenders are more profitable and have reported faster growth in advances than listed PSBs

Union Budget 2021: Govt to privatise two PSBs and one general insurer

The Budget has also laid the road map for overhauling public sector enterprises with the announcement of the broad details of the privatisation policy

Budget: ARC to fast-track PSB clean-up, initial capital pegged at Rs 10K cr

In their post-budget media interaction, finance ministry officials said banks will put in capital in the AMC, and the govt will give support, if required

Budget: Govt proposes Rs 20,000-cr recapitalisation for PSBs in 2021-22

Finance Minister Nirmala Sitharaman on Monday said the government would infuse Rs 20,000 crore into public sector banks (PSBs) in 2021-22, to meet the regulatory norms

Govt to privatise two PSBs and insurance firms, LIC IPO slated for FY22

Asset reconstruction company to take over all stressed assets from bank books, manage it before selling it further to private parties such as distressed assets funds

AT1 bonds back as preferred avenue for PSBs to raise capital

Private banks stick to equity capital; fund-raising spree driven by RBI's call for adequate capitalisation

Budget Byte: NBFCs may need liquidity support from PSBs for commercial flow

This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging

Top headlines: Direct tax compliance may ease, RBI open to digital currency

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Capitalise PSBs, create bad bank to absorb NPAs, says financial sector

Rating agency CARE Ratings said, given that bank credit growth would be higher in FY22 than in FY21, incremental credit would be Rs 10-11 trillion