Page 15 - Public Sector Banks

Efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank

IOB, which is under the Reserve Bank of India's PCA framework, had last posted profit in June 2016

RBI is ahead of the curve; govt and bureaucracy behind: Viral Acharya

In an interview with Tamal Bandyopadhyay, Acharya says why some weak public sector banks should be "re-privatised" and foreign banks should be allowed a larger play

Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

Banks and the contagion

The interconnectedness of the banking sector and the contagion is there for us to see

Treasury gains to aid Q1 profitability of public sector banks: Analysts

Besides the impact of Covid-19, sluggish loan growth due to merger integration, moratorium and delay in the resolution of NCLT accounts are some of the factors that are likely to dent earnings

Govt to soon come out with a list of strategic sectors: DEA Secretary

Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors

Why don't PSBs invoke personal guarantees? SC questions govt on bad loans

Plea in SC claimed around Rs 1,900 crore are lost every day due to PSBs not invoking personal guarantees of big corporate loan defaulters.

Why don't PSBs invoke personal guarantees of promoters: SC on bad loans

Top court asks Finance Ministry to look into plea that claims a loss of hundreds of crore every day due to loan defaults

Driving the private sector

R C Bhargava finds the idea of reforming a public sector undertaking and making it competitive and a wealth-creator almost an impossibility

Letter to BS: Banks must redefine strategy amid Covid-19 pandemic

Pressure on profits, moderate growth in business, need for higher capital and reduced credit appetite will be some of the features common to all banks in the current fiscal year

Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme

This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.

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

PSBs buy bonds, CPs worth Rs 14,667 cr by 67 NBFCs under credit scheme: FM

The purchase of bonds/commercial papers of Rs 6,125 crore, including Rs 5,550 crore of bonds/commercial papers (CP) rated below AA, is currently under various stages of approval/at negotiation stage

Loss-making banks back to black but little to cheer

Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker

Operating buffers of top five banks to fall 15%, says India Ratings

Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.

Nifty PSU Bank index surges 5%; Canara Bank, BoB, Indian Bank gain over 5%

According to reports, the Centre is likely to tell the Indian Banks' Association (IBA) to set up its proposed "bad bank" with financial support from banks

Covid-19, economic 'comorbidities' put India's progress since 1991 at risk

By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991

Weak assets of Indian banks may shoot up to 14% by March 2021: S&P

The tough operating conditions could lead to a rise in non-performing loans (NPLs) and credit costs. It may also result in delay in recoveries for the banking system

Moratorium hides asset health of PSBs, helps banks post lower NPAs

On aggregate basis, gross NPA ratio of 8 PSBs declined by 132 bps

BOI Q4 pre-tax loss at Rs 5,489.3 cr on spike in provisions, drop in NII

Lender had posted pre-tax profit of Rs 405.7 cr in same quarter of 2018-19; plans to raise Rs 2,000 cr capital in Q3FY21