Page 26 - Public Sector Banks

Bank reforms: From old wine to seminal changes

Banks Board Bureau is old wine in a new bottle

Govt to infuse Rs 830 bn into PSBs, seeks Parliament's nod for Rs 410 bn

The infusion is aimed at helping better-performing banks under prompt corrective action (PCA) to come out of this category

Govt rubbishes report about PSBs shutting down ATMs for regulatory reasons

The CATMi report said that nearly half of the 238,000 machines run the risk of closing down by March next year due to regulatory compliance changes making the business unviable

Centre mulls additional capital infusion of up to Rs 300 billion in PSBs

Sources said the matter is being considered by the government and the final decision is expected in few weeks

PSBs get more power to ask govt for look-out circulars against defaulters

Move seen to empower state-owned banks to keep eye on defaulters

CCB timeline extension can reduce PSBs' capital burden by Rs 350 bn: Report

Over Rs 1.12 trillion in capital has been infused into PSBs since April 2017

11 public sector banks under PCA aided in liquidity scare in September

By relaxing LCR by 2 percentage points, the RBI freed up Rs 2 trn worth of liquidity in the banking system

New variable pay formula to cover loss-making public sector banks too

A performance matrix has been framed by the IBA and PSBs will be put in six different categories based on their profitability

Over half the 21 listed PSBs are unfit to absorb weaker state-owned banks

Many of the remaining 11 contenders are also in a precarious position; Indian Bank appears to be the only one to have the financial muscle to absorb some of the bleeders

Parliamentary panel for raising PSB chiefs' retirement age to 70

Several PSBs under the RBI's prompt corrective action highlighted the retirement of executives at various levels

PSBs should have operational freedom like private lenders: G Padmanabhan

Most of the public sector banks are saddled with a huge amount of bad loans pile up in their accounts

End dual control of public sector banks, says Former RBI governor Y V Reddy

Reddy said a "strategic view" should be taken when it comes to the merger of banks

Ex-RBI Guv for doing away with dual control of PSBs by Centre, central bank

He also batted for reduced "pre-emption", saying that that 20 per cent of deposits in government securities should be lowered

Public sector banks drastically cut down on branch expansion in 3 years

State Bank of India too has reduced the pace of opening new branches, after its associates banks were merged with it in 2017-18

PSBs earn Rs 33 bn from customer charges in past 4 yrs: Shiv Pratap Shukla

Basic banking services including Pradhan Mantri Jan Dhan Yojana are provided without any charges

Finance Ministry may ask Sebi to extend public float deadline for PSBs

Due to successive capital infusion in the NPA-ridden PSBs, the government holding in them has increased and the public float deferred in the last two years

Fear at PSBs: Younger talent keeping away from project loan appraisal

Seniors are most unhappy at what they see as law enforcement agencies harassing bankers on not clearly established charges

PSB losses eat up Centre's $13 billion infusion in FY18: Fitch Ratings

Fitch accounts these losses to the acceleration of bad loan recognition, with the introduction of non-performing loans framework

Public banks losses have wiped out govt's $13-bn capital infusion: Fitch

The average NPAs shot up to 14.5 per cent, with IDBI Bank, UCO Bank and Indian Overseas Bank having their NPAs at above 25 per cent

PCA shadow on PNB, Canara, Union Bank; DFS to meet 11 executives today

The day-long meeting would be the first review of the banks after the RBI put them under PCA