Page 21 - Public Sector Banks

Eye on retail, SME credit as public sector banks prepare for festivals

Banks to ramp up efforts during outreach programme

Loan mela mindset

Govt should not push PSBs to lend

FM Sitharaman asks PSBs to conduct credit outreach programme across India

The government will look to amalgamate or disinvest in entities in the financial sector after ensuring that it has minimum presence, she said

NPAs in retail and MSMEs rise to 7.3% for public sector banks in Q1

The incidence of bad loans was lower for private banks with GNPAs at 3.32 per cent in June, up from 2.01 per cent year ago, according to CARE Ratings

Lenders worry as troubled Future group works to keep payment deadlines

Group's financial metrics may deteriorate further in June quarter due to second wave

Govt cuts Mudra loans target in FY22, rules out fresh PSB merger proposal

Mudra scheme target set at Rs 3 trillion for FY22 as against Rs 3.21 trillion sanctioned in FY21

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

Small business suffer as banks shut current accounts after RBI circular

State-owned lenders welcome 'need for discipline' but their private competitors say business is suffering

PSBs in talks for creating common digital infrastructure platform

Will set up a corporation to enable enhanced access to customers and businesses for credit offerings. This is in line with govt steps to boost digital banking and promote digital lending

PSBs' loan write-offs twice as much as govt's capital infusion in 7 years

RBI data shows, loans written-off by the private sector banks were much lower than their public sector counterparts

Private lenders seen trouncing state peers in India's economic recovery

Many shareholders will be on the lookout for indications that private lenders have enhanced already stronger buffers to give them more wiggle room to step up lending in an eventual recovery

Bank nationalisation: 52 years and ticking

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve people

Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI

Banks Board Bureau recommends 10 names for exec director posts in PSBs

The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Bad debts to rise due to Covid, but banks adequately capitalised: RBI FSR

The ferocity of the second wave of Covid-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped stabilise markets, and maintain financial stability, says FSR

Preferential valuation

PNB Housing should have engaged an independent valuer

State-owned banks likely to see lower gains in bond book in FY22: Icra

Limited headroom for yields to decline further, says rating agency

State-run banks' shares outperform private peers on recovery bets

A broad improvement in the sector's asset quality and India's plans to transfer soured loans to a proposed bad bank boosts their growth outlook

The road ahead for State Bank of India

The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance