Page 40 - Public Sector Banks
PSB conclave to focus on governance, NPA resolution, credit revival
Job growth, consolidation also on the agenda
 "PSB conclave to focus on governance, NPA resolution, credit revival")
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
 "State-owned banks lag even as market recoups losses")
FinMin may finalise capital infusion plan for NPA-ridden PSU banks
Banks are facing mounting NPAs to the tune of Rs 8 lakh crore
 "FinMin may finalise capital infusion plan for NPA-ridden PSU banks")
Govt appoints executive directors in PNB, 8 other PSU banks
Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India
 "Govt appoints executive directors in PNB, 8 other PSU banks")
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
 "Govt likely to lower number of public sector banks to 15")
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
 "PSBs have no clear plan to restore their health, says RBI's Viral Acharya")
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
 "10 public sector banks have submitted turnaround plans, says Gangwar")
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
 "Top public sector banks: A financial snapshot")
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
Uphill climb for public sector banks in raising equity
Eight PSBs have received board approvals to raise fresh capital aggregating Rs 35,000 crore
Public sector banks' tale of debt overhang and ARCs
Unwillingness to mark down value of assets to values acceptable to ARCs is stalling NPA resolution
 "Public sector banks' tale of debt overhang and ARCs")
Govt appoints MDs, CEOs of seven public sector banks
Usha Ananthasubramanian has been moved out of PNB to Allahabad Bank as its new MD and CEO
 "Govt appoints MDs, CEOs of seven public sector banks")
Time to consider a few public sector banks
On the flip side, resolution process could entail banks to take a haircut in their exposure to loans
 "Time to consider a few public sector banks")
Closed down airlines cause Rs 6,769 cr loss to govt banks
There are rising concerns over mounting bad loans in the banking system
 "Closed down airlines cause Rs 6,769 cr loss to govt banks")
Finance Ministry finalising fund infusion for PSBs; to exceed Rs 25k cr
In line with the blueprint, PSBs are to get Rs 25,000 crore in each fiscal
Whither public sector bank reform?
Repeal of the Bank Nationalisation Act will enable state-owned banks to function as board-run companies, as well as lead to better regulation by the RBI and greater accountability to the market
Banks struggling to find promoters for ailing firms: FM
Says funding to shore up PSBs has budgetary constraints
 "Banks struggling to find promoters for ailing firms: FM")