Page 24 - Public Sector Banks

Merger of PSBs: Move to improve efficiency, bargaining power, says industry

However, benefits from these measure, being structural in nature, will accrue in the long term, they said.

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

FM Sitharaman's bank mergers step will make resolution process easier

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

FM unveils merger of 10 govt banks to revive economic growth from 5-yr low

The exercise, seen together with the previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

Public banks seek LIC funding as deadline to reduce govt stake to 75% nears

Most of the banks are planning to go for a qualified institutional placement to reduce the stake, and LIC would be a major subscriber of the issues, said a banker in a PSB

Letter to BS: The animal spirit is visible in much-needed action by govt

Tax relief in FPIs by rolling back surcharge and simplifying the KYC norms will definitely boost the sentiments of foreign investors and more wealth will be generated with new investment

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Govt to infuse Rs 70,000-cr capital into public sector banks: FM Sitharaman

The capital infusion, ahead of the festive season, will boost banks' lending capacity by an additional Rs 5 trillion

Soon, get home and car loans online in 59 minutes from state-run banks

Currently, the portal gives in-principle approval for loans of up to Rs 1 crore to micro, small and medium enterprises in just 59 minutes or less than an hour

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

UBI mulls special loan offers for start-ups, brainstorms on $5-trn GDP goal

The PSB has organised a meeting of all branch heads wherein collective consultative and ideation process was undertaken to align banking with national priorities

Govt adopts a new approach to bring reforms in public sector banks

FinMin has asked govt-owned banks to capture 42 questions on credit, non-performing assets, Mudra loans, agriculture

FinMin asks PSBs to begin consultation process to achieve $5-trn economy

It also aims to find out the role of PSBs as active partners in the Indian growth story for the next five years

Should borrowers opt for an RLLR-based home loan over an MCLR-linked one?

A reduction in MCLR is good news for home loan borrowers

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

Govt issues guidelines for Rs 1 trillion partial guarantee scheme for NBFCs

The Centre has issued guidelines on operationalising Rs 1-lakh crore partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following series of defaults by the group companies of IL&FS in September last year. To help the sector come out of the stress, Finance Minister Nirmala Sitharaman in the Budget announced support for fundamentally sound NBFCs in getting continued funding from banks. "For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs 1 lakh crore during the current financial year, the government will provide one-time six months' partial credit guarantee to public sector banks for first loss of up to 10 per cent," she had said. In pursuance of that the finance ministry last week released a detailed guidelines for this with the objective to address temporary asset ...

From Axis Bank to RBL, private banks have their task cut out in FY20

With additional challenges such as fresh stress, loan growth, and escalating costs, the sector faces a tough year ahead

Letter to BS: MSME loans, especially NPAs in Mudra, is a cause for concern

The overall slowdown in the economy plus lending to the now problematic real estate sector will impact the asset quality of the non-banking institutions