Page 31 - Public Sector Banks

NCLT Mumbai orders liquidation of Nirav Modi's firm, spells doom for PSBs

This is said to be the first-ever liquidation order for any company embroiled in the fraud schemed by the Modi-Choksi before they fled the country

Cabinet likely to clear PSB merger, decriminalise sections of Companies Act

As many as 43 sections of Companies Act will be decriminalised through Cabinet approval

RBI nudges public sector banks to take steps to increase credit growth

Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period

Have our bankers forgotten to lend?

No and yes. The rules of the game have been changed forever...

Reform PSBs

Time is up for directed lending approach

Merger of public sector banks on schedule, says Nirmala Sitharaman

But in a meeting with the brass, Sitharaman didn't discuss the merger process,said a banker

FM warns banks against trusting credit scores of loan seekers 'blindly'

The FM told the top bank executives to listen to the concerns of branch-level staff

Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Mega bank consolidation: Meeting April 1 deadline appears challenging

Even after Cabinet approval to the proposed mega merger plan, officials said, fixation of share swap ratio, shareholders consent and other regulatory approvals are expected to take at least 30-45 days

PMO seeks specific details from FinMin on benefits of merging 10 PSBs

One advantage of the merger cited by the banks to the government is that their capital base would go up

Banks' credit up 7.13% in second half of Jan, service sector loans dip

Non-food bank credit growth decelerated to 7 per cent in December 2019 from 12.8 per cent in December 2018

Further consolidation or merger of banks will depend on need: Anurag Thakur

'We have successfully done the mergers and recapitalisation of the banks', said Thakur

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

Top events of the day: Merger of 10 PSBs, Defence Expo kick-off, and more

Prime Minister Narendra Modi will inaugurate India's five-day biennial mega defence exhibition on Wednesday in Lucknow

NPAs of public sector banks stand at Rs 7.27 trillion: Govt tells Lok Sabha

The minister said systematic and comprehensive checking, including of legacy stock of NPAs of PSBs, for frauds under the framework has been taken note of by the Reserve Bank of India

Eco Survey flags disproportionate dwarfism of banks, calls to be efficient

The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014

Protecting bankers

Govt should not lose sight of wider reforms in PSBs

Letter to BS: Demands of PSB unions for a pay hike are justified

With branches in remote villages, the staff has to work under great hardships, sacrificing work-life balance

Bankers get shield from fraud heat; boards of PSBs to be held accountable

Measures to protect prudent commercial decisions of PSB brass

Is it time to revisit the Budget 2000 promise?

Since Yashwant Sinha emphasised on reducing the government's stake in public sector banks, things have only worsened