State Run Banks

While there is still a large talent pool in state-run banks, the reality is that it may not walk in as in the past

In the Union Budget for FY22, no funds were earmarked for recapitalising state-run banks. This was a decadal first, and will temper their eagerness to lend

PSBs will also launch digital-only goods, services in the upcoming year with minimal data entry requirements, automated checks, and underwriting for consumers

60% of such claims are from state-owned banks and other creditors, shows data on company's website

The National Commission observed that when a locker is broken into, it constitutes a breach of the promised assurance of safety, and is hence, a deficiency in service

Will review progress made by PSBs on various schemes today

State-owned Jammu & Kashmir Bank on Tuesday reported a more than two-fold rise in its net profit at Rs 174.81 crore for the quarter ended December 2021 on the back of a significant drop in its provisioning requirement. The bank had posted net profit of Rs 66.37 crore in the same quarter a year ago, and Rs 111.60 crore in the preceding quarter ended September 2021. Total income during Q3 FY22, however, was down at Rs 2,178.57 crore as against Rs 2,349.81 crore in Q3FY21, J&K Bank said in a regulatory filing. It also fell sequentially from Rs 2,203.36 crore in the September quarter of this fiscal. Interest income during the quarter fell to Rs 2,019.77 crore as against Rs 2,076.37 crore. The lender's provisioning for bad loans and contingencies for the quarter came down significantly to Rs 8.22 crore, as against Rs 457.61 crore it had put aside in the year-ago period. As of December 31, 2021, the government of Jammu & Kashmir held 70.12 per cent stake in the bank. Provision ..

The bank, which came out of the RBI's prompt corrective action (PCA) framework in September 2021, is aiming the net profit to touch around Rs 1,600 crore in the current financial year

State Bank of India is the country's largest bank

The advisory issued by the DFS states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns

The truth is - falling market share of state-run banks is not something many will want to comment on record

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis

Loans and advances of foreign banks operating in India rose about 13 per cent to nearly Rs 3.97 trillion in 2018-19.This was slightly ahead of the 11 per cent growth in this regard at scheduled commercial banks in general, comprising private, government-owned, foreign and small finance banks (SFBs). The loan book of private banks grew at a much higher rate, of 25 per cent. Public sector banks expanded theirs' by only 4 per cent. SFBs, a group of recent origin, showed 70.5 per cent growth in loans. Deposits at foreign banks rose 17 per cent in FY19, to Rs 5.8 trillion, from Rs 4.95 trn the previous year. Their capital base increased to Rs 77,809 crore, from Rs 67,883 crore, a 15 per cent increase, according to the Reserve Bank's (RBI's) report on 'Trends and Progress of Banking in India 2018-19'. Foreign banks' borrowings increased to Rs 1.51 trillion in FY19, from nearly Rs 1.3 trn, an 18 per cent spike. Other assets rose by 67 per cent over the year, to Rs 1.47 trn.The number of ..

Despite the exponential growth in the network of state-run banks, and the advent of private banks in the post-reform period, we continue to struggle

An interest payment of Rs 19.97 crore was due on September 12, according to a regulatory filing with the BSE.

The key reason behind UBFA's revised demand from the 15 per cent earlier is that the gap between what bank employees earn when compared to those in the government's equivalent grade has widened

A more formulaic approach will work better for them, and this has been part of the organisational DNA of the best PSBs in the past

In 13 state-run banks in FY17

Stress in the corporate loan book of PSBs might result in weak assets ballooning to Rs 7.1 trillion by March 2017