PSB

IDBI Bank will continue to operate as an 'Indian private sector bank' after its strategic sale and the government's residual 15 per cent stake in the lender post privatisation will be considered as 'public shareholding', the finance ministry said on Sunday. An 'appropriate dispensation' for the new owner to achieve minimum public shareholding (MPS) over an extended period is under consideration and the winning bidder will have no restriction on undertaking corporate restructuring of the subsidiaries of IDBI Bank, it added. These clarifications are part of the responses by the Department of Investment and Public Asset Management (DIPAM), under the finance ministry, to potential investors' pre-EoI queries. The government had on October 7 invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The last date for putting in Expression of Interest (EoI) or preliminary bids is December 16. The ...

The banks' performance was measured on parameters such as credit growth, asset quality and recoveries; they were also assessed on penetration of insurance schemes

The government is exploring several options to address the issue for enabling privastisation of PSBs

The illiquid, non-trading nature of these securities could add to the discount. So it may not strengthen their tangible equity by as much but may bolster regulatory norms

Privatisation a difficult choice for govt: Exit from PSBs roadmap explained

In this podcast, Business Standard's Subhomoy Bhattacharjee explains why the Centre again discussing the topic of government owned bank privatisation and more

Canara Bank, Bank of Maharashtra, Bank of Baroda, and State Bank of India surged between 2.6 per cent and 6 per cent in the intra-day trade today

Chief executives of public sector lenders must get longer tenures: Central bank reportedly tells PM in meeting with financial regulators.

Bank executives said Reliance General Insurance is no longer part of tie-up under new arrangement

The meeting was earlier scheduled on May 11, but due to the stimulus package announcements, it was deferred, they added

Minister Uday Samant made the announcement after Shiv Sena MLC Maneesha Kayande raised the issue in the Legislative Council

The actual growth plan would be finalized on the basis of capital support the insurer gets from the government

Since income generation from economic activities and jobs is crucial to the recovery of bad loans, focusing simply on the effectiveness of the recovery tools will hardly make a difference.

Workers from both the organised and unorganised sector are expected to participate in this strike

The merger of the three PSBs is scheduled to come into force from April 1 next year.

Union Bank holds around 46 per cent stake in Star Union Dai-ichi Life Insurance and Andhra Bank is a part of IndiaFirst Life Insurance with 30 per cent stake

PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020

Stressed MSME assets will not be labelled NPAs till March 31, 2020

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

The PSBs are expected to focus on infrastructure financing, credit growth, financial inclusion, and digital transactions

Govt's focus on technological compatibility over cultural is set to make the largest rewrite of the banking history a complex job