Page 18 - Public Sector Banks
Coronavirus: Pressure mounts on govt to defer PSB merger amid lockdown
Banks working towards merging balance sheets before April 1
 "Coronavirus: Pressure mounts on govt to defer PSB merger amid lockdown")
Coronavirus outbreak disrupts PSB merger as banks put programmes on hold
According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.
 "Coronavirus outbreak disrupts PSB merger as banks put programmes on hold")
PSB merger: Bank logos along lines of BoB, Vijaya and Dena fusion
Logo of the bigger bank to get prominence; Indian Bank name to be retained post amalgamation
 "PSB merger: Bank logos along lines of BoB, Vijaya and Dena fusion")
Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs
The FM met chief executives of public sector banks which are going to be merged from April 1
 "Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs")
Merged public sector banks will ensure no disruption to credit flow: FinMin
The merged public sector banks will ensure that there is no disruption to credit flow and customer experience is enhanced, the finance ministry said on Thursday. Ten public sector banks are to be merged into four from April 1. The finance minister is holding meetings with the lenders to review their preparedness. Finance Minister Nirmala Sitharaman on Thursday held meetings with chief executives of these banks, including Andhra Bank, Corporation Bank and Union Bank of India. "Amalgamating PSBs made a presentation to Hon. FM @nsitharaman on their preparedness. Amalgamated PSBs to ensure no disruption to Credit & enhanced customer experience," the Department of Financial Services said in a tweet. The Union Cabinet had last week approved the mega bank consolidation plan under which Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into .
 "Merged public sector banks will ensure no disruption to credit flow: FinMin")
FM Nirmala Sitharaman to review bank merger preparedness on Thursday
Banks likely to set up common call centres and monitoring cells
YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
 "YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank")
Statsguru: How PSBs deal with integration in a challenging biz environment
The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19
 "Statsguru: How PSBs deal with integration in a challenging biz environment")
PSB merger: Indian Bank announces equity exchange ratio with Allahabad Bank
The government had in August last year announced plans to merge 10 public sector banks (PSBs) into four
 "PSB merger: Indian Bank announces equity exchange ratio with Allahabad Bank")
Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles
Yes Bank has been placed under moratorium and the government is reportedly planning a rescue plan involving a capital injection by a consortium led by State Bank of India.
 "Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles")
Taxpayers will be 'big casualty' if govt bails out Yes Bank: Macquarie
Over the past few months, YES Bank has struggled to raise capital - nearly $2 billion - it desperately needs to stay above regulatory requirements
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
 "What ails public sector banks? Ownership would be a good place to start")
Best of BS Opinion: Banks merger, coronavirus outbreak, and more
Business Standard Opinion pieces for the day talk about bank merger and coronavirus among other issues.
 "Best of BS Opinion: Banks merger, coronavirus outbreak, and more")
Coronavirus: India tries to revive economy by pushing banks to lend more
Lenders have been asked to focus particularly on 10 states in northeast and central India, regions where less credit has been made available than elsewhere
 "Coronavirus: India tries to revive economy by pushing banks to lend more")
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
 "NCLT Mumbai orders liquidation of Nirav Modi's firm, spells doom for PSBs")
Cabinet likely to clear PSB merger, decriminalise sections of Companies Act
As many as 43 sections of Companies Act will be decriminalised through Cabinet approval
 "Cabinet likely to clear PSB merger, decriminalise sections of Companies Act")
RBI nudges public sector banks to take steps to increase credit growth
Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period
 "RBI nudges public sector banks to take steps to increase credit growth")
Have our bankers forgotten to lend?
No and yes. The rules of the game have been changed forever...
 "Have our bankers forgotten to lend?")
Reform PSBs
Time is up for directed lending approach
Merger of public sector banks on schedule, says Nirmala Sitharaman
But in a meeting with the brass, Sitharaman didn't discuss the merger process,said a banker
 "Merger of public sector banks on schedule, says Nirmala Sitharaman")
