Page 31 - Public Sector Banks

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

Budget 2020: Commerce department seeks funds to boost export finance

Under the enhanced Trade Infrastructure for Exports Scheme, the ministry has been promised an allocation of around Rs 50 crore, same as it got last year

Mega mergers and mega pension liabilities

As the government tries to set up robust next generation banks, concrete steps are needed to tackle the long-term risk of retirement liabilities

Time to act is now! PSBs are fast losing market share to private peers

The truth is - falling market share of state-run banks is not something many will want to comment on record

Accept it or not, privatisation is on

The writing on the wall says privatisation of banking is inevitable; how it is done is a matter of academic interest

Bank employees' strike to impact clearance of cheques worth Rs 21,500 crore

In the Clearing Grids, about 28 lakh cheques worth about Rs 21,500 crore will not be cleared due to the strike

Ahead of merger, public sector banks advance promotions and transfers

According to sources, promotions and transfers till scale four at officers' level for the financial year 2020-21 is being decided by individual banks

RBI's relaxation for banks to lend Rs 3.5 trillion extra set to end

The headroom will not be available in FY21, unless public sector banks are adequately recapitalised

Bank consolidation: Non-anchor PSBs urge govt for new name after merger

United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce

NBFC slowdown due to low demand and lack of market funding, says RBI

The cash crunch among robust NBFCs is mainly due to a financial support from market instruments, rather than from the lenders.

Letter to BS: PSB lending should be meaningful to prevent capital wastage

Public sector banks have to adopt new technologies and security measures to project a better image and make themselves less vulnerable and globally competitive

Govt's reform measures restored PSBs to health, 13 banks posted profits: FM

It said that PSBs have attached assets worth over Rs 2.3 lakh crore over the last three financial years

Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy

The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means

Time running out for PSBs

Business is rapidly shifting to private banks

FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday

Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card