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public sector banks

24 Mar 2024

Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24

The central bank has proposed that the new guidelines should come into effect from FY25 onwards.

16 Jun 2020

PSBs disburse Rs 16,031-crore loan to MSMEs

On May 21, the Cabinet had approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through ECLGS for the MSME sector.

19 May 2020

PSBs sanction Rs 6.45 lakh crore loan during March-May

Public Sector Banks sanctioned over Rs 1.03 lakh crore as emergency credit lines & working capital enhancements in the period March 20 to May 15.

public secctor banks

29 Oct 2017

Recap plan to boost public sector bank stake sale

According to Assocham, once bank lending begins to pick up, there would be consequent advantages by way of higher economic growth and tax buoyancy.

Finance Ministry

27 Aug 2017

'Govt ready to provide capital support for PSU banks' merger'

The Union cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks.

22 Aug 2017

Bank strike today: Things you must know

Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike on Tuesday to protest against the government's proposed consolidation move, besides raising other demands.

13 Aug 2017

NPA resolution to spur credit expansion, growth: Arvind Panagariya

Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.

17 Jul 2017

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

Finance Ministry

09 Apr 2017

Govt asks PSBs to finalise next wage revision before Nov 1

The finance ministry has asked the heads of public sector banks to finalise the modalities for timely implementation of the next pay revision from November.

Finance Ministry

02 Mar 2017

Exit non-core businesses: Finance Ministry advises public sector banks

As part of capital raising exercise, the Finance Ministry has advised state-owned banks to prepare a list of their non-core assets and look at disposing them at opportune time.

15 Jan 2017

Finance Ministry likely to finalise capital infusion plan for PSBs; to exceed Rs 25,000 crore

Based on the request of various lenders which have been impacted by demonetisation amid rising bad loans, the Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week.

Jan Dhan Yojana

16 Sep 2016

Four PSBs probing Jan Dhan account deposits: Arun Jaitley

Four state-run banks are probing whether the money in some financial inclusion scheme Jan Dhan accounts was deposited by the account holders themselves, or by business correspondents to keep the number of zero-balance accounts low, Finance Minister Arun Jaitley said on Friday.

05 Sep 2016

Next round of capital infusion in PSBs post Q3 results

Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.

S&P Global Ratings

02 Aug 2016

PSBs need Rs 2.5 lakh crore capital over 3 years: S&P

International rating agency S&P Global Ratings on Tuesday said that Indian state-run banks will need Rs 2.5 lakh crore capital infusion over the next three years to meet Basel-III requirements.

17 Jul 2016

Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.

14 Jul 2016

PSBs' loan growth to remain muted at 9% till FY19: Report

Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report.

04 Jul 2016

Govt to make first round of capital infusion in PSBs soon

The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.

Bank Board Bureau

27 Jun 2016

Three candidates interviewed for SBI's MD post

Three candidates were interviewed for the post of a managing director of the country's largest lender State Bank of India, sources said.

Bank Board Bureau

20 May 2016

Intermediate mechanism for NPA resolution on anvil: Vinod Rai

Worried over mounting bad loans, the Bank Board Bureau (BBB) is working out an "intermediate mechanism" to ensure early resolution of the problem and also to provide comfort to the bank management with regard to settlement of dues.

public sector banks

28 Mar 2016

Govt to infuse Rs 5,050 crore in PSU banks soon

The government is likely to infuse additional capital of about Rs 5,050 crore in some public sector banks this week

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