Public sector banks

FM Sitharaman to meet heads of banks; to review performance, governance reforms in RRBs 

Currently, the Centre holds 50 per cent in RRBs, while 35 per cent and 15 per cent are with the concerned sponsor banks and state governments.

published on : 7th July 2022

CVC-constituted panel ABBFF gives advice on 84 bank fraud cases

The idea to establish ABBFF was to remove the fear of witch-hunting and actions based on hindsight, among officials of public sector banks.

published on : 19th June 2022

Finance Minister may urge bankers to approve loans for productive sectors during meet on June 20

Nirmala Sitharaman is scheduled to meet heads of public sector banks on June 20 and is expected to take a stock of credit growth, asset quality and plan revival of the economy, sources said. 

published on : 17th June 2022

Advance action on privatisation of two PSBs underway: DFS secretary Sanjay Malhotra

In the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs in the year and approved a policy of strategic disinvestment of public sector enterprises.

published on : 30th May 2022

DFS Secretary asks banks to soar up balance sheet; raise capital from market 

The enhanced capital would help banks expand their business and push credit growth in the productive sectors.

published on : 22nd April 2022

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

All India Bank Employees' Association opposes demands for privatisation of public sector banks

AIBEA General Secretary said ever since PNB-diamantaire Nirav Modi's Scam came to light, there has been strong voice from different corners demanding privatisation of PSBs

published on : 14th April 2018

After PNB scam, Banks Board Bureau seeks wider engagement with government on issues pertaining to PSBs

Seeking dialogue with the Finance Ministry, it said that without a greater interaction with the Ministry, the Bureau was merely functioning as an appointment board.

published on : 21st March 2018

In light of PNB fraud, Public Sector Banks shut 35 overseas branches, representative offices

The state-owned banks have closed down 35 overseas branches and representative offices as part of the clean and responsible banking initiative.

published on : 2nd March 2018

After Punjab National Bank scam, Finance Ministry gives 15-day deadline to public sector banks for identifying risks

Late last evening, scam-hit Punjab National Bank said that the amount involved in the fraudulent transactions could increase by USD 204.

published on : 27th February 2018

Humongous bank fund infusion tied to reform firewall against bad loans

Rajeev Kumar, secretary, Department of Financial Services, said the government will infuse Rs 88,139 crore capital into PSBs by March 31, but recapitalisation will be tied to performance and reforms.

published on : 25th January 2018

Public sector banks stare at union strike on Tuesday, services may be hit

Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move.

published on : 20th August 2017