Page 34 - Public Sector Banks

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.

The way forward for public sector banks

Regulation and supervision of all banks should be made ownership neutral

Economic shudders & revival strategies

Discarding attention-grabbing slogans, the government needs to aim for real GDP growth of 8 per cent and higher

Best of BS Opinion: The case against loan melas, the lesson in bank merger

Here's a selection of Business Standard opinion pieces for the day

Govt scraps plans for PSB ETF launch this year as banks busy with mergers

No clarity yet on which banks' shares will make up ETF basket till the mergers

Public sector banks seek relaxation on risk weight for NBFC loan purchases

Banks have to set aside capital for loan exposures

The legacy issues of public sector banks

Disappearance of public sector banks will be resented by the common man

19 lenders file 529 wilful default cases worth Rs 18,500 cr in June quarter

Amount outstanding is up by over a tenth in a quarter

Finance secy Rajiv Kumar to hold review meeting with public sector banks

RBI had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1

Letter to BS: Hope we learn from the past and see a new era in banking

Under govt schemes banks were used only for the disbursement of the loans and village-level corruption was endemic