Page 12 - Psbs

With many employees set to retire, Parl panel asks PSBs to step up hiring

The committee has also made a case for more incentives and a better remuneration package for senior management of PSBs

Over 6,000 PSB officers held responsible for bad loans in FY18: Jaitley

Jaitley said that minor and major penalties have been imposed against erring officials

7 PSBs may get Rs 286 billion through recapitalisation bonds by Dec-end

All banks, except Syndicate Bank, which are expected to receive capital infusion under RBI's PCA are facing certain lending restrictions

Shares of PCA banks surge on talks to ease lending norms

A government official said rules that curb unprofitable banks from lending may be eased

PSBs are among least capitalised banks in the world, say experts

In FY18, on an average, public sector banks reported tier-I capital ratio of 8.4 %, against global average of 14.1%

PSB losses to come down to Rs 500 billion in FY19, says CRISIL report

Profits for the entire banking system are expected to start improving from the second half of this fiscal

Street turns positive on PSBs; RBI's OMO helps Nifty PSU Bank index gain

PSBs are major investors in G-Secs

Govt to consider PSBs' demand to relax PCA framework for banking system

Finance Minister Arun Jaitley held the annual performance review meeting of PSBs on Tuesday and discussed wide-ranging issues, including the need for early capitalisation of banks this fiscal year

Govt appoints 14 general managers as executive directors in different PSBs

Shanti Lal Jain and Vikramaditya Singh Khichi have been appointed as executive directors in the Bank of Baroda initially for a period of three years

Under bond market pressure, PSBs stare at Rs 75-90 bn MTM loss this quarter

Already weighed down by a pile-up of bad loans, bond market pressure is making the situation worse for public sector banks

More freedom, flexibility given to bank boards now, says Ravi Venkatesan

In that sense, BoB and SBI has a clear run way with less competition, says Venkatesan

Letter to BS: Public sector banks need greater functional autonomy

The high level of NPAs is due to combination of many factors and some of them are beyond the control of banks

Rs 3.8 trillion from 70 accounts need NCLT resolution by September: Report

The report also said state-run banks are estimated to report pre-tax loss of Rs 419-1016 billion in the current fiscal

Banking woes: 11 PSB heads to appear before parliamentary panel on Tuesday

The number of frauds reported by banks increased from 4,693 in financial year 2015-16 to 5,904 in 2017-18

PSBs may see Rs 180-200 billion mark-to-market losses in Q1FY19

With the current macro situation bond yields may stay well over 8 per cent levels by June 2018, say experts

Will not increase the number of GM-level posts in PSBs: Modi Govt

After a recent review, the department of financial services (DFS) sent a letter to 19 PSBs that the ceiling on the number of number of GMs will not be raised

25% overseas branches of public sector banks reported losses in FY17

The Union government said on Friday that one-fourth of all foreign branches of public sector banks reported losses last financial year."As per data reported by PSBs, 159 branches of PSBs are operating in foreign countries, of which41 branches were in loss in the financial year 2016-17," Minister of State Finance Ministry Shiv Pratap Shukla informed the Lok Sabha on Friday.The Rs 129 billion scam reported in Punjab National Bank has put the scanner on foreign branches of PSBs as fraudulent transactions through thousands of letters of undertaking allegedly took place between domestic and overseas branches over last seven years in the Nirav Modi and Mehul Choksi case.Most number of foreign branches that reported losses belonged to State Bank of India (nine), followed by Bank of India (eight), Bank of Baroda (seven), Indian Overseas Bank (five) and Canara Bank (four).All the branches of PSBs in Bahama (two - one each by SBI and Bank of Baroda), Cambodia, Vietnam and ChannelIslands (all ...

Spike in govt bond yields, falling prices credit negative for PSBs: Moody's

Said in the last few quarters, a large proportion of PSBs' operating profit was derived from the profitable sale of investments

Select PSBs gain on capital infusion by government

Bank of India, IDBI Bank, Central Bank, Uco Bank, Dena Bank and Bank of Maharashtra were trading higher by up to 6% in early morning trade

Rs 6,000-crore equity held back from laggard state-run banks

The Centre did not release around Rs 6,500 crore to 13 public sector banks (PSBs) in 2016-17 under the Indradhanush plan as none of the banks met the performance standards."The government allocated a sum of Rs. 22,915 in 13 PSBs during the FY 2016-17 under the first tranche of capital infusion out of which a sum of Rs.16,414 (75%) was infused upfront," the Ministry of Finance said in a statement on Wednesday.The remaining amount of Rs 6501 crore was supposed to be infused based on the performance of the respective PSBs. "However, none of the banks could achieve the set targets and therefore, the remaining 25% of the allocated capital has not been released so far," the Ministry said.The Central government had announced Indradhanush in 2015 to infuse Rs 70,000 crore out of budgetary allocation in state-owned banks over four financial years to meet their capital requirements in a bid to remain compliant with Basel III norms - international standards for banks to deal with risk ...