Page 18 - Psbs

Banking woes: 11 PSB heads to appear before parliamentary panel on Tuesday

The number of frauds reported by banks increased from 4,693 in financial year 2015-16 to 5,904 in 2017-18

PSBs may see Rs 180-200 billion mark-to-market losses in Q1FY19

With the current macro situation bond yields may stay well over 8 per cent levels by June 2018, say experts

Will not increase the number of GM-level posts in PSBs: Modi Govt

After a recent review, the department of financial services (DFS) sent a letter to 19 PSBs that the ceiling on the number of number of GMs will not be raised

25% overseas branches of public sector banks reported losses in FY17

The Union government said on Friday that one-fourth of all foreign branches of public sector banks reported losses last financial year."As per data reported by PSBs, 159 branches of PSBs are operating in foreign countries, of which41 branches were in loss in the financial year 2016-17," Minister of State Finance Ministry Shiv Pratap Shukla informed the Lok Sabha on Friday.The Rs 129 billion scam reported in Punjab National Bank has put the scanner on foreign branches of PSBs as fraudulent transactions through thousands of letters of undertaking allegedly took place between domestic and overseas branches over last seven years in the Nirav Modi and Mehul Choksi case.Most number of foreign branches that reported losses belonged to State Bank of India (nine), followed by Bank of India (eight), Bank of Baroda (seven), Indian Overseas Bank (five) and Canara Bank (four).All the branches of PSBs in Bahama (two - one each by SBI and Bank of Baroda), Cambodia, Vietnam and ChannelIslands (all ...

Spike in govt bond yields, falling prices credit negative for PSBs: Moody's

Said in the last few quarters, a large proportion of PSBs' operating profit was derived from the profitable sale of investments

Select PSBs gain on capital infusion by government

Bank of India, IDBI Bank, Central Bank, Uco Bank, Dena Bank and Bank of Maharashtra were trading higher by up to 6% in early morning trade

Rs 6,000-crore equity held back from laggard state-run banks

The Centre did not release around Rs 6,500 crore to 13 public sector banks (PSBs) in 2016-17 under the Indradhanush plan as none of the banks met the performance standards."The government allocated a sum of Rs. 22,915 in 13 PSBs during the FY 2016-17 under the first tranche of capital infusion out of which a sum of Rs.16,414 (75%) was infused upfront," the Ministry of Finance said in a statement on Wednesday.The remaining amount of Rs 6501 crore was supposed to be infused based on the performance of the respective PSBs. "However, none of the banks could achieve the set targets and therefore, the remaining 25% of the allocated capital has not been released so far," the Ministry said.The Central government had announced Indradhanush in 2015 to infuse Rs 70,000 crore out of budgetary allocation in state-owned banks over four financial years to meet their capital requirements in a bid to remain compliant with Basel III norms - international standards for banks to deal with risk ...

Valuation gap between public sector and private banks narrows

Price-to-book value ratio of state-owned banks jumped from 0.9x to 1.15x in a day, while private banks traded lower at 3.42x

PSBs need more than budgeted capital infusion: Mundra

RBI identified stressed accounts each having more than Rs 5,000 crore of outstanding loans

PSBs need four times more capital than govt allocation: Moody's

Lower market valuations was biggest hindrance if PSBs chose to raise fresh equity from markets

Optimism towards PSBs may not last

The private sector banks have high valuations and can raise cash to meet Basel-III norms

After merger of 5 associates with SBI, Govt keen to consolidate more PSBs

Merger proposals in banking sector would require clearance from the Competition Commission of India

FinMin in talks with PSBs to assess next 3-year growth, funding plans

In second tranche of capital infusion, government infused Rs 8,586 crore in 10 banks in March

Govt will nudge 6 PSBs to raise funds in line with Indradhanush plan

This will ease the pressure on the exchequer of pumping in capital

Want to short public sector banks? Look beyond Nifty Bank

Nifty Bank is not a good representative of the sector in many ways

Not just SBI: PNB, BoB, BoI also charge for defaulting on minimum balance

PNB, BoB, BoI, Canara Bank already charge customers for failing to maintain a minimum balance

Solvency position of PSBs worsens

If banks were to provide for all these bad loans, it would wipe off 63% of their net worth

Recovery bogey haunts 5 PSBs with high NPAs

Slippages have moderated in Q3 but delays in resolution of bad loans are making life difficult

PSBs' stress level down with better recoveries

This does, said bankers, give them confidence on follow-up action

New AT1 rules double PSBs' debt servicing ability to Rs 2.3 lakh crore

Global rating agency Fitch welcomed the move, saying this will also help them raise domestic capital