Page 6 - Public Sector Banks Psbs

Merger of 10 public sector banks: Cloud hangs over April 1 deadline

PM wants to review outcome of BoB amalgamation before taking a final call

Merger process major challenge for PSBs in near future: SBI Chairman

In August last year, Finance Minister Nirmala Sitharaman had announced merger of 10 banks

Cabinet likely to approve mergers of 10 public sector banks into 4 today

This will be the biggest merger exercise of PSBs, which was announced by Finance Minister Nirmala Sitharaman in August 2019

Irdai issues norms to protect group policyholders of merging state banks

Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms

India's fiscal deficit rises to 115% of target in 8 months of FY20

The gap between the government's revenue and spending stood at Rs 8.07 trillion at the end of November - Rs 1 trillion (13 per cent) more than the full-year target.

Decade in review: How state-owned banks rose to the occasion amid crisis

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis

Digital banking initiatives of PSBs under merger likely to be delayed

According to officials, integration of core banking systems may take 12-18 months

RBI's G-sec purchases under 'operation twist' a comforting factor for PSBs

The fall in 10-year G-Sec yields is estimated to benefit state-owned banks by Rs 5,760 crore; Nifty PSU Bank rises 3%

Time running out for PSBs

Business is rapidly shifting to private banks

Key policy steps taken by NDA govt this year to revive a sagging economy

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

Total amount in bank frauds rise 74% to Rs 71,543 cr in FY19: RBI report

Frauds have been predominantly in the loan portfolio, both in number and value.

RBI believes PSU banks merger can create lenders of global scale

Currently, there is not a single domestic lender in the global top 50 list, which since the 2008 global financial meltdown has been dominated disproportionately by Chinese lenders

Telangana banks' advances grew 0.37% to Rs 1,966 cr in first half of FY20

Total advances by all sources - public sector banks, private sector banks and co-operative banks rose to Rs 53,5840.18 crore in September 2019 from Rs 5,33,874,07 crore in March, 2019.

NBFCs, HFCs rated up to BBB+ come under partial credit guarantee scheme

This will allow public sector banks (PSBs) to buy pooled assets from financially sound entities

Das meets heads of PSBs, discusses transmission of rates, stressed assets

The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies

Irdai may allow merged state-run banks to hold over 10% in insurance firms

Some of the 10 public sector banks that are merging into four are promoters of insurance entities as well

Indian banks' NPA write-offs to continue amid low recoveries: Fitch Ratings

The state-owned banks account for a dominant share (around 90 per cent) of impaired loan stock and have cumulatively written-off nearly 30 billion dollars in bad loans over the past three years

Merger of 10 public sector banks won't lead to any job losses: Govt

In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets

PSU banks disbursed around Rs 2.5 trillion in loans during October: Govt

Of the Rs 2.52 trillion, Rs 1.06 trillion was disbursed towards new term loans, while Rs 46,800 crore was towards new working capital loans

Formula on cards to distribute insolvency funds: Corporate Affairs Secy

Srinivas said the "only problem" between financial and operational creditors during the litigation process in bankruptcy cases remains the amount of recovery that the creditors get