Page 38 - Public Sector Banks

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

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