Page 9 - Psu Banks

Moody's downgrades deposit ratings, credit assessment of four PSU banks

Says economic shock from Covid-19 may weaken borrower credit profiles and hurt their asset quality. outlook on ratings of all four is negative

Cabinet eases procedure of selection for Railways, PSU bank jobs

National Recruitment Agency to be used for conducting common eligibility test

PSB shares in focus; Nifty PSU Bank index jumps 4%; PNB, SBI gain up to 5%

Central Bank of India, Indian Bank, Canara Bank, J&K Bank, and Indian Overseas Bank were up in the range of 1.9 and 2.7 per cent

Best of BS Opinion: The joker in the pack, data anonymity, and more

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

Prevent contagion, preserve value

It's time to dam the financial sector against a bad debt flood

FinMin may review capital requirement of PSU banks after second quarter

There is widespread fear that non-performing assets (NPAs) of the banks will witness a surge due to the economic slowdown triggered by the Covid-19 outbreak and resultant lockdowns

Market Ahead, May 14: All You Need To Know Before The Opening Bell

A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today

Banks to breathe easy as govt's Rs 3.7 trn package brings relief for MSMEs

Wednesday's package also addressed some concerns in power and real estate

Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist

Experts said merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence

240,000 ATMs to be recalibrated, but consumers need not worry, says FIS

In case of recalibration the number of withdrawals would increase as only lower denomination notes were likely to be dispensed

Service providers feel the pain as India Inc faces working capital squeeze

A managing partner with a mid-sized law firm said it was not just domestic corporations but even large multinationals were delaying by as much as two months on outgoings

Best of BS Opinion: Trump's India visit, SC blow on AGR dues, and more

From Trump's first India visit after Senate acquittal to SC blow on AGR dues, here are the opinion pieces of the day.

PSU banks not out of the woods yet

The snakes and ladders game will continue till the consolidation process is complete

PSU banks adequately capitalised, may see enhanced profits: CEA Subramanian

Recently Punjab National Bank got board approval to raise Rs 1,000 crore from market through bonds

PSU bank employees to go on two-day strike from Friday over wage revision

Earlier this week, a meeting with the Chief Labour Commissioner remained inconclusive, AIBOC President Sunil Kumar said

Neither affordable nor relevant

Is it time to review the need to maintain CRR funds with the central bank?

What lies ahead for bank stocks amid Middle East tensions, oil rally?

Besides, uncertainty over the capital infusion proposal for the public sector banks (PSBs) under the upcoming Union Budget for 2020-21 has also soured investor sentiment.

Syndicate Bank, SBI add up to 6% as RBI to buy and sell bonds via OMOs

With this, analysts believe, the RBI intends to lower yields on long-term bonds, and keep the liquidity at the system level intact. The move will allow the government to borrow at lower cost.

PSBs turn profitable in Apr-Sep FY20, post aggregate profit of Rs 3221 cr

State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively

PSU banks trade weak; SBI, Bank of Baroda down over 3%

On Thursday, the Reserve Bank of India (RBI) lowered its gross domestic product (GDP) growth forecast for the financial year 2019-20 (FY20) to 5 per cent, from the previously estimated 6.1 per cent.