Page 14 - Psbs

Top events of the day: Merger of 10 PSBs, Defence Expo kick-off, and more

Prime Minister Narendra Modi will inaugurate India's five-day biennial mega defence exhibition on Wednesday in Lucknow

Nationwide strike impacts banking services for second day at PSBs

However, private sector lenders like ICICI Bank and HDFC Bank were operational

Eco Survey flags disproportionate dwarfism of banks, calls to be efficient

The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014

Best of BS opinion: PSB reforms, India's energy policy, and more

When India loses respect in the comity of nations, it is because of a transient loss of the liberal spirit, Uddalok Bhattacharya sums up

Bankers get shield from fraud heat; boards of PSBs to be held accountable

Measures to protect prudent commercial decisions of PSB brass

Time to act is now! PSBs are fast losing market share to private peers

The truth is - falling market share of state-run banks is not something many will want to comment on record

Top 10 biz headlines: Auto sector in low gear, FM on economy booster & more

From FM Sitharaman announcing that talks are on with PMO to revive the slowing economy to slowdown in the auto industry, here are the top business headlines for Saturday

Bank consolidation: Non-anchor PSBs urge govt for new name after merger

United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce

Letter to BS: PSB lending should be meaningful to prevent capital wastage

Public sector banks have to adopt new technologies and security measures to project a better image and make themselves less vulnerable and globally competitive

Grappling with stress, PSBs need to build buffers to absorb shocks: Report

State-owned banks have been grappling with stressed loans and limited capacity to absorb further rise in slippages expected due to prolonged economic slowdown

Banks' gross NPA ratios may rise from 9.3% to 9.9% by Sept 2020: RBI

The foreign banks' gross bad loans may increase to 3.1 per cent from 2.9 per cent in September 2019

Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy

The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means

Time running out for PSBs

Business is rapidly shifting to private banks

FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday

Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card

Budget 2020: Banks, NBFCs suggest ways on taxation, improving credit growth

For the last three PSBs, the govt should run these under a public-private partnership model, said a senior banker.

Cashiers, peon among those penalised for bank NPAs in FY18, reveals RTI

FMs' statements in the Lok Sabha show that 41,360 public-sector bank employees have been held responsible and penalised for NPAs in last 5 financial years, including 6,049 in 2017-18

PSU banks disbursed around Rs 2.5 trillion in loans during October: Govt

Of the Rs 2.52 trillion, Rs 1.06 trillion was disbursed towards new term loans, while Rs 46,800 crore was towards new working capital loans

PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?

State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore

PSBs reported Rs 95,700 cr worth of frauds in Apr-Sept, says govt

The number of fraud cases touched 5,743 during April-Sept. period

Private banks score on core operations, better control over bad debt in Q2

While profit before tax grew 68.1%, net profit showed an increase of only 1.4%