Page 3 - Psb

Recast of state-run banks before stake sale wrong: RBI ex-guv Y V Reddy

Referring to Insolvency and Bankruptcy Code, he said it is an important development

Govt asks 10 banks to cut staff benefits for capital

FinMin wants banks to get commitment from trade unions

Govt tells banks to focus on cash recovery

At present, much of their loan recovery happens in written-off accounts

PSBs using AT1 bonds to shore up capital base

State-owned banks with weak profile take up costly long-term interest commitment

Govt equity infusion in PSBs though positive is inadequate: ICRA

Bankers frustrated over big chunk for loss making banks

Akash Prakash: Reflections on PSBs

Systemic reform of government-owned banks will ultimately have a huge positive impact on capital productivity in our economy

Public sector banks delay plans to raise capital

RBI data show during Jan-March quarter bank credit of PSBs grew by a mere 1.4%

Credit growth for PSBs, excluding SBI, falls to 1.4% in Jan-March quarter; deposit growth at 3.1%

PSBs (excluding SBI and its associates) have also been struggling with deposit accumulation in the same period

Public sector banks open up to multiple insurers

IRDAI has opened up corporate agency channel wherein banks can tie-up with up to three life, three non-life and three standalone health insurers

Smaller banks' bad debt picture remains hazy

Smaller banks, say bankers and analysts, using a loophole in how RBI communicated to banks to clean up their balance sheets

Banks expect additional allocation for capitalisation of PSBs in Budget: Survey

With India's banks reeling under stress on account of global challenges and rising non-performing assets, they expect some specific measures including additional budgetary allocation for capitalisation of public sector lenders in the Budget, a survey by business chamber Ficci and Indian Banks' Association showed.The survey, conducted during January-February 2016, saw participation by 17 public, private and foreign banks. It highlights key operational areas of banks in India for the July-December 2015 period.Most lenders recommended establishing a National Asset Management Company or a 'bad bank', which could take over stressed loans from them and either sell them off or revive them, the survey said.Banks have also suggested an additional budgetary allocation for capitalisation of public-sector lenders over and above the original commitments.According to the survey, the banks also want revamping of debt recovery tribunals and setting up of a fund to aid revival of stalled infrastructure