Page 13 - Psbs

Cut stake in top public sector banks to 51% in 12-18 months: RBI to govt

Proposal to prune stake to 51% in six banks may fetch over Rs 43,000 crore

Red lights flashing in PSBs make fresh equity injections imperative

Fresh equity injections have become significantly more imperative, as economic recovery remains shaky due to continued acceleration in new coronavirus cases

Govt widens ambit of Rs 3 trn MSME credit scheme, doubles upper loan limit

The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore

Need to divest stakes in PSBs in graceful manner, says Viral Acharya

Acharya said that because the RBI does not distinguish in its rules between public and private sector banks it is forced to adopt weaker standards for the system as a whole

Treasury gains to aid Q1 profitability of public sector banks: Analysts

Besides the impact of Covid-19, sluggish loan growth due to merger integration, moratorium and delay in the resolution of NCLT accounts are some of the factors that are likely to dent earnings

Risk aversion rising in banks, may hinder recovery if taken to extreme: FSR

Public sector banks chose to lend only to high-quality borrowers; there was a sharp credit contraction across all rating categories except 'AA and above', FSR points out

Worrying signals from the markets

Investors are getting increasingly concerned about the extent of capital issuance in the financial sector

PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month

PSB loan disbursal picks up pace, rises to over Rs 29k cr: Finance Ministry

According to finance ministry data, loans have been disbursed to 3,75,087 accounts under ECLGS

Top 10 headlines: Govt's plans to privatise PSBs; RIL to sell 1.16% in Jio

From places of worships hotels reopening to RIL set to sell 1.16% in Jio to Abu Dhabi Investment Authority, here are top headlines this morning

Govt disbursed Rs 18,253 cr to 90 mn farmers under PM-KISAN: FM Sitharaman

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account

Yields on AT1 bonds shoot up in secondary market on MFs' liquidation move

Banks had issued these bonds as additional tier 1 (AT1) bonds to raise capital in the past

PSBs rescue pvt peers as states pull out deposits after RBI cut rates

Treasury heads say private banks are floating CDs of nearly Rs 5,000- 8,000 crore a day since the RBI lowered the repo and reverse repo rate last week

PSBs stare at tough quarter over coronavirus and higher provisioning

Slimmer chances of recovering Rs 20,000 cr from Bhushan Steel resolution in the near future add to lender's woes

What ails public sector banks? Ownership would be a good place to start

The public sector banking problems are not confined just to NPAs and capital adequacy but the entire approach is flawed

Moody's downgrades BoB's baseline credit assessment on asset quality issues

Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings

NCLT Mumbai orders liquidation of Nirav Modi's firm, spells doom for PSBs

This is said to be the first-ever liquidation order for any company embroiled in the fraud schemed by the Modi-Choksi before they fled the country

Capital infusion of Rs 2,500 cr in 3 general insurance cos gets Cabinet nod

The Cabinet approves the proposal for capital infusion and immediate release of Rs 2,500 crore for three public sector general insurance companies

Further consolidation or merger of banks will depend on need: Anurag Thakur

'We have successfully done the mergers and recapitalisation of the banks', said Thakur

Are Indian banks out of the woods? Yes, no and the answers in between

Recovery of bad loans and fresh slippages or new NPAs will determine the road ahead for the banking industry