Page 42 - Public Sector Banks

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

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

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

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

Closed down airlines cause Rs 6,769 cr loss to govt banks

There are rising concerns over mounting bad loans in the banking system

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

Govt-run banks' strike a success, say Unions

The strike affected services such as cheque clearances, cash deposit and withdrawal at branches and other facilities

PSBs capital needs significantly higher than budgeted: Moody's

The govt had said it will infuse Rs 70,000 cr into state banks while they have to raise a Rs 1.1 lakh cr to meet requirements

Soumya Kanti Ghosh: Behind the smokescreen of PSB lending

The perception that public sector banks lag in terms of credit portfolio expansion isn't entirely true. Various factors govern their fortunes

Govt infuses Rs 23,000 cr to recapitalise 13 PSBs

75% of earmarked capital will be released immediately; rest linked to performance to be allocated later

Finmin to soon clear 1st tranche of capital infusion in PSBs

First tranche of capital infusion is likely to be less than Rs 20,000 crore

Limited capital pool to squeeze PSBs' loan growth, warns India Ratings

Consequently, that may adversely impact India's economic growth from FY18, says the ratings agency

Decision on capital infusion in select PSBs likely this week

The government has made Budget provision of Rs 25,000-crore capital infusion in PSBs for the current financial year

Letters: Handling PSB problems

"Worst-case scenario for the banking crisis" (July 11) makes a case for hastening the process of "privatisation" of India's banking system. There are similarities between the way in which public sector mutual fund UTI was handled when private mutual funds found its presence uncomfortable and the approach of analysts like Ajay Shah to the public sector banks' (PSBs) predicament. It is easy to get confused by comparisons in totally different situations. Let us be clear that there is no "banking crisis" in India as of now. This is not to deny the need to urgently tackle the problems faced by the sector due to policy lapses spreading over a decade or so.As private sector banks have failed to grow and improve their share in India's banking business to any respectable level despite under-performance by PSBs, the country is left with no option but to rejuvenate PSBs. In this context, a shift from the present palliative care approach to one for rejuvenation has to be fast. Anyway, transfer of