Page 38 - Public Sector Banks

New variable pay formula to cover loss-making public sector banks too

A performance matrix has been framed by the IBA and PSBs will be put in six different categories based on their profitability

Over half the 21 listed PSBs are unfit to absorb weaker state-owned banks

Many of the remaining 11 contenders are also in a precarious position; Indian Bank appears to be the only one to have the financial muscle to absorb some of the bleeders

Parliamentary panel for raising PSB chiefs' retirement age to 70

Several PSBs under the RBI's prompt corrective action highlighted the retirement of executives at various levels

PSBs should have operational freedom like private lenders: G Padmanabhan

Most of the public sector banks are saddled with a huge amount of bad loans pile up in their accounts

End dual control of public sector banks, says Former RBI governor Y V Reddy

Reddy said a "strategic view" should be taken when it comes to the merger of banks

Ex-RBI Guv for doing away with dual control of PSBs by Centre, central bank

He also batted for reduced "pre-emption", saying that that 20 per cent of deposits in government securities should be lowered

Public sector banks drastically cut down on branch expansion in 3 years

State Bank of India too has reduced the pace of opening new branches, after its associates banks were merged with it in 2017-18

PSBs earn Rs 33 bn from customer charges in past 4 yrs: Shiv Pratap Shukla

Basic banking services including Pradhan Mantri Jan Dhan Yojana are provided without any charges

Finance Ministry may ask Sebi to extend public float deadline for PSBs

Due to successive capital infusion in the NPA-ridden PSBs, the government holding in them has increased and the public float deferred in the last two years

Fear at PSBs: Younger talent keeping away from project loan appraisal

Seniors are most unhappy at what they see as law enforcement agencies harassing bankers on not clearly established charges

PSB losses eat up Centre's $13 billion infusion in FY18: Fitch Ratings

Fitch accounts these losses to the acceleration of bad loan recognition, with the introduction of non-performing loans framework

Public banks losses have wiped out govt's $13-bn capital infusion: Fitch

The average NPAs shot up to 14.5 per cent, with IDBI Bank, UCO Bank and Indian Overseas Bank having their NPAs at above 25 per cent

PCA shadow on PNB, Canara, Union Bank; DFS to meet 11 executives today

The day-long meeting would be the first review of the banks after the RBI put them under PCA

Finance ministry gears up for second round of PSB recapitalisation

FinMin seeks status report on reform plan by May 11

Privatising PSBs isn't easy

Privatisation is all about ensuring greater management accountability for performance

PSU banks wrote off Rs 2.41-trn loans from Apr 2014 to Sept 2017: Govt

Writing off loans is done, inter-alia, for tax benefit and capital optimisation

RBI's powers over PSBs: What's the truth? - I

Section 51 of the amended BR Act explicitly states which portions of the BR Act apply to the PSBs

PSBs have a role in creating infrastructure: BBB chief Vinod Rai

Rai, however, said that PSBs still have a role to play especially in supporting the infrastructure sector

Letter to BS: Consolidation of PSBs can prevent PNB-like scams

The Banking Boards Bureau (BBB) must draw up a list of professionals of known competence who can represent the owner on the boards of PSBs as directors

10 years of banking sector: Pvt sector gains at cost of public sector banks

In the fourth of a six-part series, we look at the turning points in the banking sector