Page 10 - Psu Banks

Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more

From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day

PSU banks disburse record Rs 2.52 trn loans in Oct, says Finance Ministry

An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement.

PSB Q2 review: NII, net profit improve; experts see higher slippages ahead

Banks may report higher NPAs on account of DHFL, Coffee Day Enterprises, Cox & Kings, and possibly Vodafone Idea in the coming quarters

PSU banks gain; SBI, Canara Bank, Bank of Baroda and PNB rise 3%

Central Bank of India, United Bank of India, Syndicate Bank, Andhra Bank and Bank of India were up in the range of 5-12 per cent.

FM to meet PSB CEOs today, may review fund flow to stressed NBFCs, MSMEs

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...

Rate sensitives plunge on panic selling in banks; YES Bank tumbles 30%

Based on publically available data, analysts at Macquarie said in a recent report that YES Bank, Bank of Baroda (BOB) and IndusInd Bank are the most exposed to Indiabulls Group

Best of BS Opinion: India's FTAs, misuse of agriculture credit and more

Here's a selection of Business Standard opinion pieces for the day

Customer to IT integration, banks to follow BoB's footsteps during merger

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

Fintech panel suggest legal framework to protect digital services consumers

The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks

Soon, get home and car loans online in 59 minutes from state-run banks

Currently, the portal gives in-principle approval for loans of up to Rs 1 crore to micro, small and medium enterprises in just 59 minutes or less than an hour

Banks Board Bureau invites applications for top posts of 4 big PSU banks

As per the Banks Board Bureau's (BBB) recruitment notice, candidates including from the private sector can apply for the vacancies at the four banks till September 23

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

FM to meet CEOs of PSU banks to discuss ways of increasing credit growth

According to sources, the meeting will also review progress of resolution of NPAs under Insolvency and Bankruptcy Code

FM Sitharaman to meet PSU bank CEOs on Friday to take stock of sector

The meeting assumes significance as it will be the first after the Narendra Modi government returned to power in May this year

Stocks to watch: PSU banks, ACC, DB Corp, L&T Infotech, Wipro, Mindtree

Here's a look at the top counters that are likely to trade actively in today's session.

Eligibility norms for PSU banks to pick pooled NBFC assets likely this week

To address the stress in the sector, Finance minister Nirmala Sitharaman in the Budget proposed that public sector banks would purchase high-rated pooled assets of financially sound NBFCs

PSU banks losing lead relationships to private banks, says study

SBI is the only outlier in this trend, which has moved faster and made more progress than other PSU banks

PSBs losing lead bank relationships to private counterparts, says study

According to the study, private sector lender HDFC Bank and PSU lender State Bank of India top the list of local banks which are used by three-quarter of large Indian companies

PSU banks hit fresh 52-week low; analysts remain cautious

Bank of India, Allahabad Bank, Canara Bank, Dena Bank, Oriental Bank, Syndicate Bank, Uco Bank and Vijaya Bank have touched their respective 52-week lows on the NSE.

Corporation Bank, Dhanlaxmi, Allahabad Bank gain over 5% on PCA exit

Corporation Bank rallied 10 per cent to Rs 32.40, Dhanlaxmi Bank, too, surged 10 per cent to Rs 15.30 and Allahabad Bank gained 6 per cent to Rs 46.65 on the NSE.