Page 8 - Psbs

PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month

PSB loan disbursal picks up pace, rises to over Rs 29k cr: Finance Ministry

According to finance ministry data, loans have been disbursed to 3,75,087 accounts under ECLGS

Top 10 headlines: Govt's plans to privatise PSBs; RIL to sell 1.16% in Jio

From places of worships hotels reopening to RIL set to sell 1.16% in Jio to Abu Dhabi Investment Authority, here are top headlines this morning

Govt disbursed Rs 18,253 cr to 90 mn farmers under PM-KISAN: FM Sitharaman

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account

Yields on AT1 bonds shoot up in secondary market on MFs' liquidation move

Banks had issued these bonds as additional tier 1 (AT1) bonds to raise capital in the past

PSBs rescue pvt peers as states pull out deposits after RBI cut rates

Treasury heads say private banks are floating CDs of nearly Rs 5,000- 8,000 crore a day since the RBI lowered the repo and reverse repo rate last week

PSBs stare at tough quarter over coronavirus and higher provisioning

Slimmer chances of recovering Rs 20,000 cr from Bhushan Steel resolution in the near future add to lender's woes

What ails public sector banks? Ownership would be a good place to start

The public sector banking problems are not confined just to NPAs and capital adequacy but the entire approach is flawed

Moody's downgrades BoB's baseline credit assessment on asset quality issues

Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings

NCLT Mumbai orders liquidation of Nirav Modi's firm, spells doom for PSBs

This is said to be the first-ever liquidation order for any company embroiled in the fraud schemed by the Modi-Choksi before they fled the country

Capital infusion of Rs 2,500 cr in 3 general insurance cos gets Cabinet nod

The Cabinet approves the proposal for capital infusion and immediate release of Rs 2,500 crore for three public sector general insurance companies

Further consolidation or merger of banks will depend on need: Anurag Thakur

'We have successfully done the mergers and recapitalisation of the banks', said Thakur

Are Indian banks out of the woods? Yes, no and the answers in between

Recovery of bad loans and fresh slippages or new NPAs will determine the road ahead for the banking industry

Top events of the day: Merger of 10 PSBs, Defence Expo kick-off, and more

Prime Minister Narendra Modi will inaugurate India's five-day biennial mega defence exhibition on Wednesday in Lucknow

Nationwide strike impacts banking services for second day at PSBs

However, private sector lenders like ICICI Bank and HDFC Bank were operational

Eco Survey flags disproportionate dwarfism of banks, calls to be efficient

The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014

Best of BS opinion: PSB reforms, India's energy policy, and more

When India loses respect in the comity of nations, it is because of a transient loss of the liberal spirit, Uddalok Bhattacharya sums up

Bankers get shield from fraud heat; boards of PSBs to be held accountable

Measures to protect prudent commercial decisions of PSB brass

Time to act is now! PSBs are fast losing market share to private peers

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

Top 10 biz headlines: Auto sector in low gear, FM on economy booster & more

From FM Sitharaman announcing that talks are on with PMO to revive the slowing economy to slowdown in the auto industry, here are the top business headlines for Saturday