Page 9 - Psbs

Micro details of Indian banks' macro story

So far, the story reads well. We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth

FM to meet PSBs' heads on Apr 23 to nudge them for credit expansion

This is the first full review meeting after presentation of Budget 2022-23.

Top Headlines: Tax collections at Rs 13 trn; PSBs stare at Rs 13k crore-hit

In FY22, direct tax collections broke all records, touching Rs 13,81 trillion. Future Retail and Future Enterprises defaulted on loan repayments worth Rs 8,157.97 crore. More in our top headlines:

Public sector banks sufficiently capitalised, says MoS Finance

The government has infused capital amounting to Rs 2,86,043 crore in public sector banks (PSBs) during the last five years and they are sufficiently capitalised, Parliament was informed on Tuesday.

Top Headlines: Zomato, Blinkit merger talks; FRL may approach NCLT, DRT

Business Standard brings you the top headlines at this hour

PSBs disburse Rs 41,269 cr 'loans in 59 minutes' over three years

201,000 loan proposals of Rs 39,580 crore disbursed in the business loan category; 17,791 retail loans amounting to Rs 1,689 crore also disbursed

The myth of Sisyphus

The futile labour of Indian taxpayers

India's banking story still evolving

Banks have started seeing signs of growth in credit. Retail loans still remain the growth driver but money has also started flowing to the corporate sector

Bank balance sheet recovery

Asset quality is improving, but risks remain

PSBs poised for growth despite zero capital from govt this budget: Agencies

Decision to not earmark funds for recapitalisation reflects confidence in capital position of such banks, as well as their ability to raise funds from market

Budget 2022-23: Clarity on PSB privatisation is expected, say brokerages

Some clarity on the privatisation of two public sector banks, announced in last year's Budget, is expected

Sitharaman reviews PSBs' readiness to tackle any Omicron-induced disruption

The ongoing third wave to the highly infectious Omicron variant of coronavirus has led to various domestic rating agencies lowering India's growth forecast for the current fiscal

Best of BS Opinion: When AI debates AI, a stark spectacle by any other name

Here is the best of BS Opinion pieces of the day

Avoidable delay

Govt should soon start the PSB privatisation process

'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'

The amount related to frauds of Rs 1 lakh and above has declined over the period

PSBs restructure over Rs 58,500 cr loan advanced to 1 mn MSME acc: Govt

While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured

Top headlines: India steps up tests for Covid variant, cryptos change plan

The Centre may continue to hold at least 26 per cent stake in PSBs. More on that in top headlines this morning.

Centre may continue to hold at least 26% stake in public sector banks

To protect decision making of bank executives, a new provision will also be included in the law to protect them for action taken in good faith

PSBs to introduce common staff accountability guidelines for NPAs

Loans up to Rs 50 cr t be brought under new regime, fraud accounts to be kept out of ambit; aim is to reduce hardship to employees, save resources

PSBs in focus; SBI hits new high, Canara, Indian Bank hit 52-week highs

Indian Bank, Union Bank of India, Canara Bank and Bank of Baroda soared between 25 per cent and 49 per cent in the past one month