Page 19 - Public Sector Banks

FM warns banks against trusting credit scores of loan seekers 'blindly'

The FM told the top bank executives to listen to the concerns of branch-level staff

Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Mega bank consolidation: Meeting April 1 deadline appears challenging

Even after Cabinet approval to the proposed mega merger plan, officials said, fixation of share swap ratio, shareholders consent and other regulatory approvals are expected to take at least 30-45 days

PMO seeks specific details from FinMin on benefits of merging 10 PSBs

One advantage of the merger cited by the banks to the government is that their capital base would go up

Banks' credit up 7.13% in second half of Jan, service sector loans dip

Non-food bank credit growth decelerated to 7 per cent in December 2019 from 12.8 per cent in December 2018

Further consolidation or merger of banks will depend on need: Anurag Thakur

'We have successfully done the mergers and recapitalisation of the banks', said Thakur

PSU banks adequately capitalised, may see enhanced profits: CEA Subramanian

Recently Punjab National Bank got board approval to raise Rs 1,000 crore from market through bonds

Top events of the day: Merger of 10 PSBs, Defence Expo kick-off, and more

Prime Minister Narendra Modi will inaugurate India's five-day biennial mega defence exhibition on Wednesday in Lucknow

NPAs of public sector banks stand at Rs 7.27 trillion: Govt tells Lok Sabha

The minister said systematic and comprehensive checking, including of legacy stock of NPAs of PSBs, for frauds under the framework has been taken note of by the Reserve Bank of India

Eco Survey flags disproportionate dwarfism of banks, calls to be efficient

The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014

Protecting bankers

Govt should not lose sight of wider reforms in PSBs

Letter to BS: Demands of PSB unions for a pay hike are justified

With branches in remote villages, the staff has to work under great hardships, sacrificing work-life balance

Bankers get shield from fraud heat; boards of PSBs to be held accountable

Measures to protect prudent commercial decisions of PSB brass

Is it time to revisit the Budget 2000 promise?

Since Yashwant Sinha emphasised on reducing the government's stake in public sector banks, things have only worsened

Budget 2020: Commerce department seeks funds to boost export finance

Under the enhanced Trade Infrastructure for Exports Scheme, the ministry has been promised an allocation of around Rs 50 crore, same as it got last year

Mega mergers and mega pension liabilities

As the government tries to set up robust next generation banks, concrete steps are needed to tackle the long-term risk of retirement liabilities

Time to act is now! PSBs are fast losing market share to private peers

The truth is - falling market share of state-run banks is not something many will want to comment on record

Accept it or not, privatisation is on

The writing on the wall says privatisation of banking is inevitable; how it is done is a matter of academic interest

Bank employees' strike to impact clearance of cheques worth Rs 21,500 crore

In the Clearing Grids, about 28 lakh cheques worth about Rs 21,500 crore will not be cleared due to the strike

Ahead of merger, public sector banks advance promotions and transfers

According to sources, promotions and transfers till scale four at officers' level for the financial year 2020-21 is being decided by individual banks