Page 4 - Psbs

India's banking story still evolving

Banks have started seeing signs of growth in credit. Retail loans still remain the growth driver but money has also started flowing to the corporate sector

Bank balance sheet recovery

Asset quality is improving, but risks remain

PSBs poised for growth despite zero capital from govt this budget: Agencies

Decision to not earmark funds for recapitalisation reflects confidence in capital position of such banks, as well as their ability to raise funds from market

Budget 2022-23: Clarity on PSB privatisation is expected, say brokerages

Some clarity on the privatisation of two public sector banks, announced in last year's Budget, is expected

Sitharaman reviews PSBs' readiness to tackle any Omicron-induced disruption

The ongoing third wave to the highly infectious Omicron variant of coronavirus has led to various domestic rating agencies lowering India's growth forecast for the current fiscal

Best of BS Opinion: When AI debates AI, a stark spectacle by any other name

Here is the best of BS Opinion pieces of the day

Avoidable delay

Govt should soon start the PSB privatisation process

'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'

The amount related to frauds of Rs 1 lakh and above has declined over the period

PSBs restructure over Rs 58,500 cr loan advanced to 1 mn MSME acc: Govt

While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured

Top headlines: India steps up tests for Covid variant, cryptos change plan

The Centre may continue to hold at least 26 per cent stake in PSBs. More on that in top headlines this morning.

Centre may continue to hold at least 26% stake in public sector banks

To protect decision making of bank executives, a new provision will also be included in the law to protect them for action taken in good faith

PSBs to introduce common staff accountability guidelines for NPAs

Loans up to Rs 50 cr t be brought under new regime, fraud accounts to be kept out of ambit; aim is to reduce hardship to employees, save resources

PSBs in focus; SBI hits new high, Canara, Indian Bank hit 52-week highs

Indian Bank, Union Bank of India, Canara Bank and Bank of Baroda soared between 25 per cent and 49 per cent in the past one month

Bad bank, good intentions and bad lending

If PSBs cannot lend as indiscriminately as they did last time in the name of "credit expansion", how well will these banks do?

PSBs told to push for financial inclusion, expand insurance coverage

The Centre has also asked state-owned banks to enter into co-lending arrangements with NBFCs and MFIs

Govt starts process for filling posts of independent directors in PSBs, FIs

As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of directors as independent directors.

FinMin suggests holding clerical exams for PSBs in regional languages

The finance ministry has suggested the Institute of Banking Personnel Selection to hold clerical recruitment exam for public sector banks (PSBs) in 13 regional languages along with English and Hindi

The big bank idea

India needs more efficient financial entities

Centre starts talks with RBI to kick off bank privatisation process

The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said

Public sector banks and corporate governance

Ten out of 11 nationalised banks don't have a chairman. Most bank boards don't have adequate number of non-official directors