Page 2 - Public Sector Banks Psbs

Amid rise in Mudra loan NPAs, finmin to meet PSB CEOs to take stock

Minister of State for Finance, Bhagwat Karad will meet the PSB CEOs on September 16 in Aurangabad

Top headlines: FM launches EASE 4.0 for PSBs; 31k new Covid cases in Kerala

Business Standard brings you the top stories this evening

FM Nirmala Sitharaman to meet CEOs of public sector banks on Wednesday

Finance Minister Nirmala Sitharaman will meet heads of PSBs on Wednesday to review financial performance of the lenders and progress made by them in supporting the pandemic-hit economy, sources said.

FM to meet CEOs of PSBs on August 25 to review financial performance

Sitharaman is scheduled to meet heads of public sector banks on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic

BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1

State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year. The Pune-headquartered lender recorded 14.46 per cent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22, as per the published data of BoM. It was followed by Punjab & Sind Bank which posted 10.13 per cent growth in advances with aggregate loans at Rs 67,933 crore at the end of June 2021. When it came to deposit mobilisation, BoM with nearly 14 per cent growth was a notch behind Punjab and Sind Bank, while the country's largest lender State Bank of India recorded 8.82 per cent rise. However, in absolute terms SBI's deposit base was 21 times higher at Rs 37.20 lakh crore as against Rs 1.74 lakh crore of BoM. Current Account Savings Account (CASA) for BoM saw 22 per cent rise, the highest among the public sector lenders, during the quarter. As a result,

Best of BS Opinion: Hope fades for PSBs, a future without promoters & more

Here are the best of Business Standard's opinion pieces for Wednesday

Hope fades for PSBs

Govt cannot keep infusing capital perpetually

Co-operation ministry: Harbinger of hope?

How the new Ministry of Co-operation can make a significant positive impact on the ground

Brazen gaming of bankruptcy process on

According to the data from the Insolvency and Bankruptcy Board of India (IBBI), in over 363 major NCLT resolutions since 2017, banks have taken an average loss of 80 per cent

Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21

Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market

Good show by banks but can they sustain it?

Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic

NARCL headhunting for core team begins ahead of launch in July

Invites quotes from Aon to help it in the hiring process

India's bank privatisation may face hurdles amid Covid-19: Fitch

Political resistance; stress from pandemic may drag

Covid-19 second wave hits PSBs collection in May: Indian Bank Association

Indian Banks Association (IBA) Chairman Rajkiran Rai on Sunday said that the second wave of COVID-19 has impacted the collections of Public Sector Banks (PSBs) in the month of May.

Street signs: Indian markets still weak, volatility mars PSBs' QIP plans

Analysts say till the time the Nifty trades below its 50-day moving average (DMA) the trend could be weak

Privatisation push: Centre considers bringing PSBs under Companies Act

Changes are likely to be introduced in the Monsoon Session

Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Making bank privatisation exemplary

The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years

Privatisation of two public sector banks on meeting agenda next week

Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said

Rational expectations

Evolving conditions would lead to adjustment in markets