Page 29 - Public Sector Banks

PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month

PSBs buy bonds, CPs worth Rs 14,667 cr by 67 NBFCs under credit scheme: FM

The purchase of bonds/commercial papers of Rs 6,125 crore, including Rs 5,550 crore of bonds/commercial papers (CP) rated below AA, is currently under various stages of approval/at negotiation stage

Loss-making banks back to black but little to cheer

Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker

Operating buffers of top five banks to fall 15%, says India Ratings

Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.

Nifty PSU Bank index surges 5%; Canara Bank, BoB, Indian Bank gain over 5%

According to reports, the Centre is likely to tell the Indian Banks' Association (IBA) to set up its proposed "bad bank" with financial support from banks

Covid-19, economic 'comorbidities' put India's progress since 1991 at risk

By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991

Weak assets of Indian banks may shoot up to 14% by March 2021: S&P

The tough operating conditions could lead to a rise in non-performing loans (NPLs) and credit costs. It may also result in delay in recoveries for the banking system

Moratorium hides asset health of PSBs, helps banks post lower NPAs

On aggregate basis, gross NPA ratio of 8 PSBs declined by 132 bps

BOI Q4 pre-tax loss at Rs 5,489.3 cr on spike in provisions, drop in NII

Lender had posted pre-tax profit of Rs 405.7 cr in same quarter of 2018-19; plans to raise Rs 2,000 cr capital in Q3FY21

United Bank of India, OBC slipped into red before merger with PNB

While UBI posted a net loss of around Rs 6,700 crore in the quarter ending March 2020 (Q4FY20), OBC logged a net loss of around Rs 2,700 crore, an executive said, requesting anonymity.

Canara Bank's Q4 pre-tax loss widens to Rs 3,334.5 cr as staff costs rise

Drop in NII adds to impact, lender plans to raise 6,000-8,000 cr in capital in FY21

Managing bad loans

Bank balance sheets would need to be quickly repaired

Canara Bank's net loss widens to Rs 3,259 cr in Q4 on back of provisioning

The bank had registered a net loss of Rs 551.53 crore during the corresponding January-March 2019 quarter

Union Bank of India reports pre-tax loss of Rs 3,359 crore in Q4

It posted a net loss of Rs 2,503.1 crore in Q4FY20, against a loss of Rs 3,369.2 crore in the same period a year ago.

Defer avoidable expenditure, reduce costs: Govt tells public sector banks

Further, the banks have been asked to effect significant reduction in expenditure on activities other than those pertaining to core business activities

PSBs disburse Rs 14,691 cr to MSMEs under credit guarantee scheme

Public sector banks (PSBs) have sanctioned loans worth Rs 29,490.81 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1

PSBs disburse Rs 12,201 cr loan to MSMEs under emergency credit line scheme

Public Sector Banks (PSBs) have sanctioned loans worth Rs 24,260.65 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1

FM Sitharaman to review credit flow with public sector banks on Tuesday

She will take stock of the Emergency Credit Line Guarantee Scheme announced recently.

Banking to be a 'strategic sector', govt discussing privatising some PSBs

According to the new privatisation policy, announced by FM Sitharaman as part of the 'Atmanirbhar Bharat' package, the government will come up with a list of strategic sectors

PSBs disburse half of the sanctioned credit guarantee scheme loans

State Bank of India contributed to 75% of the total loan disbursements of Rs 8,320 crore till June 5