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public sector banks

PUBLIC SECTOR BANKS NEWS

Govt to soon clear merger of SBI and associates: FM Arun Jaitley

June 06, 2016 4:40 pm

The merged entity will create a banking behemoth, which can compete with the largest in the world, with an asset base of Rs 37 trillion (Rs 37 lakh crore) or over USD 555 billion

FM Arun Jaitley to meet heads of PSU banks on June 6

May 25, 2016 4:11 pm

Jaitley will also review the progress made with regard to Micro Units Development & Refinance Agency (MUDRA) and Stand Up India programme.

Non-Performing assets of public sector banks to be examined by parliamentary panel

April 29, 2016 5:01 pm

As per the government, the main reasons for rise in NPAs are sluggishness in the domestic growth in the recent past, slow recovery in the global economy and continuing uncertainty in global markets.

Who needs public banks?

April 13, 2016 12:04 am

The critical debt problem calls for deep surgery, not more band aid.

Who waived loans of defaulters? Some Govt banks say it’s secret, others point to panels

April 12, 2016 3:05 am

The Indian Express filed Right to Information (RTI) applications with 28 public sector banks (PSBs) and one of the questions it asked was who had the final say in writing off loans to the tune of Rs 100 crore or more as non-performing assets (NPAs).

Banks confirm: Recoveries crawl as write-offs swell

April 11, 2016 5:11 am

SBI, BoI wrote off Rs 83,000 crore in 10 yrs; recoveries of 24 public sector banks less than one-third of annual write-off

IRDA okay with LIC investment in public sector banks

March 20, 2016 1:46 am

Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the financial stability”.

Jaitley hopes for betterment of NPA situation, says don't want to overstate bad loan crisis in PSBs

March 12, 2016 4:56 pm

Jaitley expressed hope that the NPA situation, which has been created on account of an overall economic environment and slowdown in certain sectors, would see improvement.

Bigger isn't better

March 07, 2016 12:00 am

Before initiating consolidation, public sector banks will need to be nursed back to health

Banking on less

February 16, 2016 12:00 am

Reducing government’s ownership of public-sector banks is the right step towards improving their governance.

PUBLIC SECTOR BANKS VIDEOS

Prudence lay in adhering to fiscal targets: Arun Jaitley

February 29, 2016 4:47 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley while presenting the Union Budget 2016-17 said they were confronted with stress assets problem in public sector banks. He said that public money should reach the poor and deserving without any leakage. A bill on targeted delivery of financial services using Aadhar is also to be introduced. Jaitley also said that prudence lied in adhering to fiscal targets. He also increased allocation of Rs 1, 80,000 crores under PM MUDRA Yojana. He further added that fiscal deficit for fiscal 2016-17 have been targeted at 3.5 percent. Revenue deficit estimate for Financial Year 2015-16 has been down to 2.5 percent from earlier estimates.

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