Page 16 - Psbs

PSBs consolidation building block for $5 trillion economy: Finance secy

The consolidation will help create strong and globally competitive banks with economies of scale and enable realisation of wide-ranging synergies, he said

Market salary for a few in a public sector bank could be a chimera

The possibility is that high calibre chief risk officers in the PSBs already earn Rs 1 crore to Rs 2 crore, whereas even SBI chairman could be earning less than Rs 30 lakh

Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar

We have budgeted Rs 70,000 crore for this year, says Finance Secretary Rajiv Kumar

Consolidation of public sector banks may boost sentiment in the near term

Lower MTM provisioning already making these lenders attractive

How the mergers will impact your bank accounts, debit cards and EMIs

If you book a new fixed deposit or take a fresh loan, the rate will be decided by the merged entity

Govt moves to reform bank boards: The six new rules you should know

Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough

Mega merger of PSBs: What happens to the bank managing directors now

Here's a list of bank MDs and the date they are due for retirement

Merger of PSBs: Move to improve efficiency, bargaining power, says industry

However, benefits from these measure, being structural in nature, will accrue in the long term, they said.

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

FM Sitharaman's bank mergers step will make resolution process easier

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

There will be no loss of employment after merger of PSBs: Sankara Narayanan

It was mainly based on system integration that the government took a call for amalgamation, said Narayanan

FM unveils merger of 10 govt banks to revive economic growth from 5-yr low

The exercise, seen together with the previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

PSB Recapitalisation: An effort worth making if played to strength

Credit offtake remains healthy in housing, small businesses and agri loans, which is also the forte of public sector banks

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Fix credit growth to fix the slowdown

The Indian banking crisis has merely meant a lower level of GDP growth than before the onset of the crisis

Govt adopts a new approach to bring reforms in public sector banks

FinMin has asked govt-owned banks to capture 42 questions on credit, non-performing assets, Mudra loans, agriculture

One-time credit guarantee: Public sector banks to gain more than NBFCs

Focus on asset quality takes precedence over liquidity infusion

Despite better liquidity, public sector banks borrow from market

The liquidity is running at a surplus mode now, with the banking system parking more than Rs 1 trillion with RBI