Page 10 - Public Sector Banks

Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI

Banks Board Bureau recommends 10 names for exec director posts in PSBs

The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Bad debts to rise due to Covid, but banks adequately capitalised: RBI FSR

The ferocity of the second wave of Covid-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped stabilise markets, and maintain financial stability, says FSR

Preferential valuation

PNB Housing should have engaged an independent valuer

State-owned banks likely to see lower gains in bond book in FY22: Icra

Limited headroom for yields to decline further, says rating agency

State-run banks' shares outperform private peers on recovery bets

A broad improvement in the sector's asset quality and India's plans to transfer soured loans to a proposed bad bank boosts their growth outlook

The road ahead for State Bank of India

The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance

PNB posts Rs 586 crore profit in Q4; NII jumps over 48% to Rs 6,937 crore

Sequentially, the net profit has increased 16 per cent from Rs 506 core posted in the October-December quarter

State Bank of India's domestic advances growth rebounds to 5.67% in FY21

SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021

PSBs sanction 95% of all loans under PM SVANidhi scheme for street vendors

Scheme provides working capital up to Rs 10,000 repayable in a year to hawkers, who get 7% interest subsidy from govt; banks get graded guarantee cover

PSBs Q4 preview: Bond yields may dent treasury income; asset quality eyed

Analysts are bullish on the PSBs' bottom lines on the back of favorable base on NII, a seasonally higher fee quarter, and some recoveries from Bhushan Power

Govt asks PSBs to protect dollar assets on Cairn concern: Report

The banks' decision to avoid adding more dollars to their offshore account has roiled India's exchange rate in recent days

Over 100,000 LIC employees to get 16% wage hike

The government has given a go-ahead to a five-day working week for LIC employees

Future-ready banking

Book review of Transformational Leadership in Banking: Challenges of Governance, Leadership and HR in a Digital and Disruptive World

SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit

Public sector banks may have to bear a burden of Rs 1,800-2,000 crore due to SC judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020

Like telcos, banks may soon pester customers daily to pay up via messages

Working on an RBI mandate to automate its NPA alert system real-time, instead of manually gauging NPA status at the end of the month, Chennai-based Indian Bank sent a message to its surprised customer

Under Modi regime, private banks outnumber PSBs on new rural branches

Since 2014, public sector banks' branch network in rural and semi urban has grown by a mere 4,000 - from 49,859 in 2014 to 53,467 while for private sector banks, it doubled from 9,673 to 18,437

Explained: How State Bank of India regained its footing on the bourses

India's largest bank is now the most valuable state-owned entity, even as other public sector firms struggle to retain their place on the bourses

Centre will have to put more funds into public sector banks, says RBI

Governance reforms and action plans to enhance operational efficiency and customer services are integral for recapitalisation