Page 11 - Psbs

Merger of PSBs: Move to improve efficiency, bargaining power, says industry

However, benefits from these measure, being structural in nature, will accrue in the long term, they said.

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

FM Sitharaman's bank mergers step will make resolution process easier

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

There will be no loss of employment after merger of PSBs: Sankara Narayanan

It was mainly based on system integration that the government took a call for amalgamation, said Narayanan

FM unveils merger of 10 govt banks to revive economic growth from 5-yr low

The exercise, seen together with the previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

PSB Recapitalisation: An effort worth making if played to strength

Credit offtake remains healthy in housing, small businesses and agri loans, which is also the forte of public sector banks

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Fix credit growth to fix the slowdown

The Indian banking crisis has merely meant a lower level of GDP growth than before the onset of the crisis

Govt adopts a new approach to bring reforms in public sector banks

FinMin has asked govt-owned banks to capture 42 questions on credit, non-performing assets, Mudra loans, agriculture

One-time credit guarantee: Public sector banks to gain more than NBFCs

Focus on asset quality takes precedence over liquidity infusion

Despite better liquidity, public sector banks borrow from market

The liquidity is running at a surplus mode now, with the banking system parking more than Rs 1 trillion with RBI

Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled 'India's Budget attempts to address trust deficit in the financial sector. "We believe the capital infusion will help PSBs make necessary haircuts on their weak corporate loans and shore up their capital adequacy," said S&P Global rating credit analyst Geeta Chugh. The capital infusion will help some banks to come out of the central bank's prompt corrective action and resume lending and clean up their balance sheets, she added. S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings. While the government has infused large amounts of capital into PSBs in the past few years, the progress on ...

Banking on the Union Budget

PSB privatisation is a bold idea and for a government that embraced demonetisation, it could be a cakewalk

Letter to BS: Weak financial institutions need operational reforms

NPAs are under-capitalised and the banks are restrained by the prompt corrective action framework as they do not meet the stipulated regulatory financial parameters

PSBs likely to go on a fundraising spree to reduce govt shareholding

However, with market sentiments remaining muted, the fundraising might not be an easy task, especially for banks which are still under PCA.

CEA Subramanian backs Nayak panel's report on governance reforms in PSBs

The CEA also called for the diversification of business model by PSBs so that lenders were able to absorb any economic shock

Letter to BS: Govt must stop interfering with the affairs of PSBs

Undue intervention by bureaucrats, politicians and corrupt bank men in credit management is responsible for loan frauds, and the rise in the bad assets of government-owned banks

Next step in PSB consolidation process is some time away, say analysts

The current strength of banks and capital infusion plans of the government rule out an immediate merger