Public Sector Banks

Sitharaman reviews PSBs' readiness to tackle any Omicron-induced disruption

Finance Minister Nirmala Sitharaman reviewed various steps taken by PSBs in implementing pandemic-related measures initiated by the government and RBI.

published on : 7th January 2022

Privatisation: Public Sector banks' staff to go on strike on Thursday

Briefing reporters, the convener Srinivas alleged that successive governments have attempted to weaken nationalised banks, despite the said financial institution having contributed immensely.

published on : 16th December 2021

Yet to pick PSBs for privatisation: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman had announced that two PSBs would be privatised in FY21-22, apart from the IDBI Bank.

published on : 14th December 2021

PSBs lost Rs 2.85 lakh crore due to loan default of 13 firms: United Forum of Bank Unions

According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 4,86,800 crore and it was resolved at Rs 1,61,820 crore resulting in a loss of Rs 2,84,980 crore.

published on : 13th December 2021

Unions threaten two-day nationwide strike against proposed privatisation of public sector banks

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

published on : 1st December 2021

Government to soon clear list of independent directors for various banks

The sources said that a list of eligible persons to be appointed as independent directors has gone to the Prime Minister's Office and it will take a final call soon.

published on : 14th November 2021

Gross NPAs of banks may decline to 6.9 per cent by March 2022: Report

The fresh NPA generation rate (or slippages) remained elevated during the second wave in absence of regulatory relief such as moratorium, the report said.

published on : 20th October 2021

PSBs hire just 400 in FY21, but private banks add 17,000 employees

Still, that fares better than FY20, when state-run banks some of which were placed under the RBI’s prompt corrective action, downsized staff by about 38,000.

published on : 25th September 2021

State-run banks rapidly adapting to digital world

Such loan offers were generated using the customer transactions data within the banks.

published on : 26th August 2021

Finance Minister Nirmala Sitharaman to meet CEOs of public sector banks August 25

Sitharaman's meeting with MD and CEOs of PSBs assumes significance given the importance of the banking sector in generating demand and boosting consumption in the backdrop of the Covid second wave.

published on : 24th August 2021

Public sector banks mobilise record fund of Rs 58,700 crore from markets in fiscal year 2020-21

Punjab National Bank mobilised Rs 3,788 crore through share sale on private placement basis during the financial year ended March 31, 2021.

published on : 1st August 2021

Finance Ministry moves file for extension of three MDs, 10 executive directors of govt-owned banks

The MD and CEO of a public sector undertaking is given a maximum tenure of five years as a government guidelines.

published on : 26th July 2021

Needed: A minister for privatisation

India was informed that the Niti Aayog has finalised names of public sector banks to be privatised in the current financial year.

published on : 6th June 2021

Low salary hike: Public Sector bank employees to go on nationwide strike from today; banking services to be disrupted

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

published on : 29th May 2018

SBI Caps’ ownership rejig plan could trouble PSBs

The country’s largest lender SBI wants to revamp the ownership structure of its money-spinning subsidiary SBI Caps, but the proposal has put Public Sector Banks (PSBs) in a spot. 

published on : 22nd April 2018
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