Page 37 - Public Sector Banks

Centre revives plan to float holding company for state-owned banks

Proposal seeks to improve human resource practices and raise funds to meet the financial needs of 19 PSBs

Public sector banks might be a good trade

They will be investment-worthy only if they are allowed autonomy to function commercially

Letter to BS: Large fund infusions in public sector banks fail to deliver

The government has infused Rs 1.9 trillion fresh capital into the public sector banks but it has not really improved the share value of most of these banks

PSBs' wage negotiations stuck over IBA's performance-linked pay proposal

This is for the first time that the IBA has proposed a performance-linked pay for banks

PSBs get money while RBI, MoF get away. Again

Even as hundreds of billion rupees of public money are being pumped into the same corrupt and inefficient system to keep it alive, 25% of the people in this country live in abject poverty

Govt to infuse Rs 48,239 cr in 12 PSBs; Corporation Bank gets Rs 9,086 cr

Allahabad Bank will be provided Rs 6,896 crore

Govt may launch exchange traded fund of PSU bank stocks next fiscal: Report

The bank exchange traded fund (ETF) would be in addition to the two ETFs -- CPSE ETF and Bharat-22 ETF -- launched by the government which have seen huge investor demand

Letter to BS: Regulators need to strengthen their supervisory mechanisms

The regulators must work closely with the government but they must have operational autonomy and be totally accountable for their work to Parliament

Public sector banks to turn more profitable: Piyush Goyal after review meet

RBI Governor Shaktikanta Das addressed the PSB chiefs earlier in the day and took stock of the liquidity situation

Govt empowers PSU banks to seek lookout circulars against wilful defaulters

The SFIO and PSU banks can initiate the process if they suspect that the defaulter may leave the country to escape the law

Finance Ministry wants state-run banks to bring down govt equity to 52%

Dilution of government stake will help banks to meet 25 per cent public float norms of market regulator Sebi

No job losses due to merger of public sector banks, says Arun Jaitley

Jaitley said that there would be no job losses due to merger of the banks and that the move would create a bigger entity like the State Bank of India (SBI)

State-run banks may see recovery of MTM provisions for first half of FY19

MTM gain and availability of liquidity mitigates pressure to increase deposit rates, amid relatively slower growth in deposits

Bank reforms: From old wine to seminal changes

Banks Board Bureau is old wine in a new bottle

Govt to infuse Rs 830 bn into PSBs, seeks Parliament's nod for Rs 410 bn

The infusion is aimed at helping better-performing banks under prompt corrective action (PCA) to come out of this category

Govt rubbishes report about PSBs shutting down ATMs for regulatory reasons

The CATMi report said that nearly half of the 238,000 machines run the risk of closing down by March next year due to regulatory compliance changes making the business unviable

Centre mulls additional capital infusion of up to Rs 300 billion in PSBs

Sources said the matter is being considered by the government and the final decision is expected in few weeks

PSBs get more power to ask govt for look-out circulars against defaulters

Move seen to empower state-owned banks to keep eye on defaulters

CCB timeline extension can reduce PSBs' capital burden by Rs 350 bn: Report

Over Rs 1.12 trillion in capital has been infused into PSBs since April 2017

11 public sector banks under PCA aided in liquidity scare in September

By relaxing LCR by 2 percentage points, the RBI freed up Rs 2 trn worth of liquidity in the banking system