public sector banks

12 PSU banks almost right for India, says Finance Secretary Rajiv Kumar

Kumar said that the merger will help create strong and globally competitive banks with economies of scale and enable realisation of wide-ranging synergies.

published on : 8th September 2019

PSB heads to meet in Mumbai over merger issues

Heads of all PSB that are cleared for merger will meet in Mumbai to discuss the best practices banks follow ahead of a merger.

published on : 4th September 2019

RBI surplus transfer, bank merger to aggravate economic slowdown: Sitaram Yechury 

Yechury batted for boosting domestic demand through public investments.

published on : 3rd September 2019

Ten is the new four: Finance minister announces mega bank mergers

Stating that Indian banks will become bigger, by getting smaller, Finance Minister Nirmala Sitharaman said the number of Public Sector Banks will now be reduced to 12 from 18.

published on : 30th August 2019

PSBs brainstorm to boost bank credit, hit $5 trillion economy target

Branch managers are the first-point of contact; hence, new ideas and suggestions from them may actually correct the slack in banks’ credit demand 

published on : 21st August 2019

PSU banks to introduce home, auto loans on 'PSB Loans in 59 Minutes' portal

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

published on : 20th August 2019

It is time banks link loans, deposits to repo rate: RBI Governor Shaktikanta Das

The move comes even as the regulator has decided not to push banks for this, considering their poor finances.

published on : 19th August 2019

Public Sector Banks branches go into a huddle over credit delivery

PSBs had reviewed issues concerning credit growth, policy framework, gaps in implementation and challenges they face at the branch level 

published on : 19th August 2019

52 per cent banks report fall in bad loans in January-June: Survey

The current round of the bankers' survey presented an improved picture of the changing trend in NPAs.

published on : 14th August 2019

More than half the banks see fall in NPA levels, indicates stability: Survey

A total of 23 banks including public sector, private sector, foreign and small finance banks, representing over 67 per cent of the banking industry, participated in the survey.

published on : 14th August 2019

PSBs not living up to nationalisation goal: India Ratings and Research

Private sector has been able to give more credit to agriculture, MSMEs compared to PSBs in the last few years, the report noted.

published on : 9th August 2019

Uday Kotak moots new legislation to reform public sector banking

Ahead of the RBI policy review, Kotak pitched very strongly for a narrowing the real interest rates, which is the differential between the inflation and lending rates.

published on : 6th August 2019

Government to review health of Public Sector Banks on August 2 meet

The Finance Ministry will also seek a roadmap for Rs 70,000 crore capital infusion and passing of rate cuts announced by the RBI.

published on : 1st August 2019

RBI governor Shaktikanta Das reiterates call for faster policy rate transmission

Das also spoke about the impact of the post-budget initiatives to address the credit crisis being faced by NBFCs and the role that banks can play in mitigating the same.

published on : 20th July 2019

Government should not privatise public sector banks: Jairam Ramesh

Jairam Ramesh (Cong) said it was former Prime Minister Indira Gandhi who on July 19, fifty years ago had nationalised 14 private sector banks.

published on : 19th July 2019
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