Page 32 - Public Sector Banks

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

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