Page 11 - Psu Banks

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.

PSU banks plan rationalisation of another 69 overseas offices in 5 months

As on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices

PSU banks trade firm; Bank of India rallies 30% in 10 days

Bank of India, Oriental Bank of Commerce, Union Bank of India, Canara Bank, BOB, PNB, Indian Bank and SBI were up in the range of 1% to 4% on the NSE.

PSU banks need more capital; don't rush to buy them now, say analysts

After the RBI's day-long board meet on Monday, the central bank decided to consider relaxing lending norms for banks under the PCA

Turnaround in bad loans not in sight yet for PSU banks

Tighter NPA recognition norms led to a surge in bad loans over the last two years. But overall NPAs have reduced and provisioning has also reduced in the last two quarters

Two global firms to help BBB select, train the right men for top PSB jobs

Two global personnel advisory firms, Korn Ferry and Egon Zehnder, will assist the Banks Board Bureau (BBB) to assess people for top jobs and in leadership development at public sector banks (PSBs).A BBB functionary said Hay Consultants (part of Korn Ferry) and Egon Zehnder have already begun work in this regard.Korn Ferry has been in the news for a mandate from private lender YES Bank to assist their board of directors' panel in selecting a new managing director and chief executive (MD & CEO), to succeed incumbent Rana Kapoor. Four entities were earlier considered for this mandate.Hay Consultants is apparently to assist BBB in assessing the capabilities of those considered for appointment as MD & CEO and as executive directors at PSBs. Egon Zehnder, said a source, will work as a 'knowledge partner' to design, implement and institutionalise a leadership development strategy for state-owned banks. A senior executive with a Mumbai-based bank said the need for these functions has .

Baroda-Vijaya-Dena Bank merger: Here are the challenges and expectations

Whether the merger constitutes meaningful reform at the present time is, however, open to question

Facing trouble, Indian public sector banks need leaders but are headless

Four of the country's 21 state banks have yet to appoint replacements for departed chief executive officers, and another has seen its CEO stripped of her powers due to fraud charges