Page 32 - Public Sector Banks

Key policy steps taken by NDA govt this year to revive a sagging economy

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

Assess health of PSbs by their ability to raise resource from market: RBI

In 2017-18, the government had infused a capital of Rs 90,000 and another Rs 1,06,000 crore in 2018-19 into the PSBs, bolstering their capital position

Green shoots: State-run banks, NBFCs tilt towards renewable energy projects

The second of a three-part series on credit pick-up looks at renewable energy sector, which is facing issues like cancellation of projects and grid curtailment

RBI considers extending bank-like vigil on NBFCs, cooperative banks

These entities will have to reveal divergence in provisioning during auditing

Trinamool MP demands rollback of Mudra scheme, cites rising NPAs

The Mudra Yojana was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services

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

State-owned banks to help small businesses with loans in month-long drive

Banks will also consider requests from MSMEs for restructuring their stressed standard assets

Loan melas a short-term salve, may come back to bite NPA-hit banks

Banking and policy experts said government lending schemes had a track record of skimping on due diligence, leading to higher-than-normal levels of bad loans

Divesting it right

The first deal will clear the path for many more. It will also be the toughest to execute

Govt wants RBI to take over stressed assets of shadow banks: Report

The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said

Why do banks remain afraid of dealing with trade unions?

An industry wage pact is a bizarre performance appraisal as the benchmark for such a pact is the paying capacity of the weakest of banks

PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM

FM Sitharaman says 5,743 incidents in govt banks from April to September this year

Listed commercial banks report Rs 6,675-crore net profit in Sep quarter

Review covers 37 SCBs (18 public sector banks and 19 private sector banks) and the figures are as on November 14

PSBs reported Rs 95,700 cr worth of frauds in Apr-Sept, says govt

The number of fraud cases touched 5,743 during April-Sept. period

Allahabad Bank's merger with Indian Bank gets in-principle govt nod

Indian Bank is the acquiror while Allahabad Bank is the transferor

All you wanted to know about banking frauds

Bankers feel inhibited talking about frauds for fear of loss of reputation. Large frauds usually come to light after 54 months

RBI governor for tighter controls at PSBs, proactive independent directors

Blames lack of it for elevated levels of NPAs, capital shortfalls, fraud

Banks turning their back on India Inc, focusing on lucrative retail lending

Slowing economy and higher tier-I capital requirement shifting focus to retail lending

Bank of Baroda Q2 net jumps 73% to Rs 737 cr; stock falls 2.3% on BSE

Total income rose to Rs 22,097.91 crore for the second quarter of 2019-20, compared with Rs 13,429.95 crore a year ago

Fresh funds likely to help housing projects move out of 'stuck' status

The completed and sold projects will start the repayment cycle, reducing bad loans.