Page 25 - Public Sector Banks

After 12 years, RBI set to modify fit-and-proper norms for bank directors

Categories of directors to be streamlined; other regulators' views on candidates to be looked at closer

Letter to BS: Nationalisation opened up avenues for large-scale employment

Only after the nationalisation did "class banking" become "mass banking"

Centre likely to hire public sector bank EDs through lateral entry

A senior official in the finance ministry said the idea was to create specialised positions for whole-time directors in PSBs

PSU banks losing lead relationships to private banks, says study

SBI is the only outlier in this trend, which has moved faster and made more progress than other PSU banks

Recapitalisation of PSU banks will improve investor sentiment: Analysts

Experts believe there is enough opportunities for growth as capital infusion will address growth requirement of PSBs

Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled 'India's Budget attempts to address trust deficit in the financial sector. "We believe the capital infusion will help PSBs make necessary haircuts on their weak corporate loans and shore up their capital adequacy," said S&P Global rating credit analyst Geeta Chugh. The capital infusion will help some banks to come out of the central bank's prompt corrective action and resume lending and clean up their balance sheets, she added. S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings. While the government has infused large amounts of capital into PSBs in the past few years, the progress on ...

Finance Ministry to monitor rate-cut transmission by public sector banks

RBI Governor Shaktikanta Das had expressed concerns over the slow transmission of interest rates to benefit customers, despite successive policy rate cuts

Centre revives plan to float holding company for state-owned banks

Proposal seeks to improve human resource practices and raise funds to meet the financial needs of 19 PSBs

Public sector banks might be a good trade

They will be investment-worthy only if they are allowed autonomy to function commercially

Letter to BS: Large fund infusions in public sector banks fail to deliver

The government has infused Rs 1.9 trillion fresh capital into the public sector banks but it has not really improved the share value of most of these banks

PSBs' wage negotiations stuck over IBA's performance-linked pay proposal

This is for the first time that the IBA has proposed a performance-linked pay for banks

PSBs get money while RBI, MoF get away. Again

Even as hundreds of billion rupees of public money are being pumped into the same corrupt and inefficient system to keep it alive, 25% of the people in this country live in abject poverty

Govt to infuse Rs 48,239 cr in 12 PSBs; Corporation Bank gets Rs 9,086 cr

Allahabad Bank will be provided Rs 6,896 crore

Govt may launch exchange traded fund of PSU bank stocks next fiscal: Report

The bank exchange traded fund (ETF) would be in addition to the two ETFs -- CPSE ETF and Bharat-22 ETF -- launched by the government which have seen huge investor demand

Letter to BS: Regulators need to strengthen their supervisory mechanisms

The regulators must work closely with the government but they must have operational autonomy and be totally accountable for their work to Parliament

Public sector banks to turn more profitable: Piyush Goyal after review meet

RBI Governor Shaktikanta Das addressed the PSB chiefs earlier in the day and took stock of the liquidity situation

Govt empowers PSU banks to seek lookout circulars against wilful defaulters

The SFIO and PSU banks can initiate the process if they suspect that the defaulter may leave the country to escape the law

Finance Ministry wants state-run banks to bring down govt equity to 52%

Dilution of government stake will help banks to meet 25 per cent public float norms of market regulator Sebi

No job losses due to merger of public sector banks, says Arun Jaitley

Jaitley said that there would be no job losses due to merger of the banks and that the move would create a bigger entity like the State Bank of India (SBI)

State-run banks may see recovery of MTM provisions for first half of FY19

MTM gain and availability of liquidity mitigates pressure to increase deposit rates, amid relatively slower growth in deposits