Page 33 - Public Sector Banks

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.

Building startups and companies that last

The tendency to announce near-victory is a pervasive disease. This is exemplified by the reports on ease of doing business

Indian economy on life support, structural reforms need of the hour

What's going on? The Indian economy is facing a perfect storm, beset by a combination of cyclical and structural factors that makes recovery doubly difficult

IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike

The unions have been demanding a five-day work week since a long time

Banks may face capital crunch of $50 billion if NBFC crisis drags: Fitch

The agency said it also pictured a scenario where 30 per cent of banks' property exposure becomes non-performing, due to tight liquidity and weak sales

Abhijit Banerjee calls for aggressive changes to deal with banking crisis

Banerjee said there is need to bring down stake of the government to below 50 per cent in banks so that the decisions are taken without fear of Central Vigilance Commission

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

Stop blaming UPA for every economic crisis: Manmohan Singh responds to FM

The NDA government should have learnt from the UPA's 'mistakes', and provided 'credible solutions', Manmohan Singh said

PSBs had 'worst phase' under Manmohan Singh, Rajan: FM Nirmala Sitharaman

Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: Sitharaman

She said the banks have sufficient liquidity, and efforts are being made to ensure that due payments are released to the MSME sector

FM to meet PSB CEOs today, may review fund flow to stressed NBFCs, MSMEs

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...

GNPA for PSBs in agriculture sector crosses Rs 1-trillion mark: RBI data

Instances and scale of farm loan waivers have seen an unprecedented increase since 2014-15... this surge is driven by state govt, finds RBI study

Can private and public sector banks win back investor confidence?

Valuations have already melted by 15 - 50% for many private sector banks

Banks expect double-digit growth in retail loan book this festive season

See uptick in retail loan book; expect 10-12% credit growth this festive season

Public sector banks to face legal hurdle in recovering HDIL dues

The ED is in the process of attaching the properties of HDIL

PSUs get booted out of top 10 market-cap club; analysts eye divestment

India's largest bank by assets, State Bank of India (SBI) and the sole stock to hang on to this elite list was evicted last week, with its market-cap out falling below that of Bajaj Finance

Colour but no credit: Loan 'mela' kicks off, but without spot approvals

Although letters of loan sanctions were handed out to customers at the mela, most of these were already under process for some weeks at the branch level

RBI's external benchmark move: Public sector banks set lower loan rates

Public sector banks have priced their external benchmark-linked loans lower than their private sector counterparts

Letter to BS: Govt must take corrective actions to save public sector banks

It is imperative for the government to keep itself away from decisions of bank functionaries

Best of BS Opinion: The antibiotics challenge, warship woes, and more

Is size an advantage for pursuing the objectives of public sector banking? What is the role of India's financial sector in achieving the $5-trillion economy target? Alokananda Chakraborty sums up.