Page 39 - Public Sector Banks

All that is needed is political courage to clean up PSBs' governance

It is important to take a close and hard look at how to clean up poor and ineffective governance of public sector banks

PSU banks surge. Don't rush to buy the shares on a bounce, caution analysts

Investors who do not own these stocks, it is advisable to remain on the sidelines for now, they suggest

Many state-owned banks exist because of the state, says Rajnish Kumar

They all default and sit in the front rows of the industry associations: Rajnish Kumar

Here's why Communist Party of India opposes privatisation of PSBs

In the year 2000, the Atal Bihari Vajpayee-led NDA I Government brought a Bill in Parliament with the objective to privatize banks

Most PSBs didn't meet performance target to qualify for recap

As part of Indradhanush Plan to revitalise state-owned lenders, the government had proposed to infuse Rs 70,000 crore out of Budgetary Allocations in them

Capital-hungry banks seek MF backing for $3-bn QIPs

PSBs approach MFs asking them to mandatorily participate in the fundraising, sources said

PSBs review languishing overseas operations

Mumbai, 21 NovemberPublic sector banks are reviewing operations at overseas branches amid a resource crunch. The government's push for turn-around plans alongside a ~2.11 lakh crore capital infusion programme for state-owned banks has also nudged them into reviewing their overseas business.The consolidated balance sheet of banks with a cross-border presence, including overseas subsidiaries, contracted during 2016-17. The total assets of branches of Indian banks abroad declined from $231 billion in 2015-16 to $224 billion in 2016-17, according to the Reserve Bank of India.Lower interest income and rising expenditure resulted in a 'loss' for the overseas branches of Indian banks in 2016-17. Their cumulative income declined by 4.6 per cent to ~43,611 crore in 2016-17 from ~45,730 crore in 2015-16. Expenses rose by 8 per cent from ~41,940 crore in 2015-16 to ~45,300 crore in 2016-17.Interest income constituted the lion's share of the revenue of these branches, which generated a major ...

PSB ThinkShop: Banks seek change in lending structure to improve efficacy

Named as PSB ThinkShop, (earlier editions were called Gyan Sangams), the weekend meet had been organised by the department of financial services

PSB conclave to focus on governance, NPA resolution, credit revival

Job growth, consolidation also on the agenda

Necessary, not sufficient

Governance reforms must follow bank recapitalization

State-owned banks lag even as market recoups losses

Earnings of PSBs have disappointed in the past few quarters due to high bad loan provisioning & low credit growth

FinMin may finalise capital infusion plan for NPA-ridden PSU banks

Banks are facing mounting NPAs to the tune of Rs 8 lakh crore

Govt appoints executive directors in PNB, 8 other PSU banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India

Govt likely to lower number of public sector banks to 15

RBI has already started recognising bad assets, provision them and is taking some of them via bankruptcy and insolvency process

PSBs have no clear plan to restore their health, says RBI's Viral Acharya

Deputy Governor says RBI has advised banks to resolve some accounts by December

No more lobbying in public sector bank appointments: Govt

PSBs need leaders to clean up books, introduce transparent processes, ensure merit based decisions

10 public sector banks have submitted turnaround plans, says Gangwar

The mechanism of quarterly performance of PSBs will be monitored by SBI Capital Markets

Forced marriage

Merger of public sector banks can be tricky

Top public sector banks: A financial snapshot

PSBs rose due to the direct effect of Reserve Bank of India's asset quality review

PSBs plan to raise Rs 58,000 crore from capital markets in FY18

Raising funds from the market will ease the pressure on the exchequer of pumping in capital