Page 14 - Psbs

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%

Bank of Baroda Q2 net jumps 73% to Rs 737 cr; stock falls 2.3% on BSE

Total income rose to Rs 22,097.91 crore for the second quarter of 2019-20, compared with Rs 13,429.95 crore a year ago

Rescuing the financial sector

In the concluding part of the series, the author argues that a government with the courage to abrogate Article 370 must not shy away from the banking reform required

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

PSBs had 'worst phase' under Manmohan Singh, Rajan: FM Nirmala Sitharaman

Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today

Top headlines: FM blames Manmohan and Rajan; ED arrests Chidambaram & more

The 5-judge Constitution bench, after hearing the case for 40 days, concluded the arguments in Ayodhya land dispute case

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.