public sector banks

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

Banks weather economic shock of pandemic so far: Economic Survey

Large surplus systemic liquidity, forward guidance of continuing with the accommodative stance and the external benchmark system for pricing of loans in select sectors aided monetary transmission.

published on : 31st January 2022

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
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