Public Sector Banks Psbs
Business  /  Published 27.12.19

FM to meet heads of banks today

Finance Minister Nirmala Sitharaman on Saturday will hold a meeting with the heads of public sector banks to discuss various issues, including the recently announced government measures to prop up the...
By PTI in New Delhi

Business  /  Published 18.02.19

Finance minister roots for bank mergers

Finance minister Arun Jaitley on Monday said India needed mega banks that were strong.“India needs fewer and mega banks which are strong because in every sense, from borrowing rates to optimum utili...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 09.06.20

Banks told to hasten MSME loan

Public sector banks have sanctioned Rs 20,000 crore loans to MSMEs under the emergency credit line guarantee scheme (ECLGS) against a target of Rs 3 lakh crore as part of the Centre’s Rs 20 lakh cro...
By Our Special Correspondent in New Delhi

Business  /  Published 10.02.19

Banks unlikely to pass on RBI rate cut

The finance ministry has been asking state-run banks to pass on the rate cut announced last week by the RBI to customers.However, with the largest PSU bank, the SBI, trimming rates by just five basis ...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 11.12.19

Surety to buy NBFC assets

The cabinet has approved the “partial credit guarantee scheme” for purchase of high-rated pooled assets from financially-sound non-banking financial companies (NBFCs) and housing finance companies...
By Our Special Correspondent in New Delhi


Business  /  Published 27.02.19

Capital infusion unlikely to help banks: Fitch

Fitch Ratings on Wednesday said the Centre’s Rs 48,000-crore ($7 billion) capital infusion in PSU banks would not be sufficient to support significantly strong lending growth.The ratings agency esti...
By Our Special Correspondent in Mumbai

Business  /  Published 21.02.19

Funds prop for weak banks

North Block will infuse some Rs 48,239 crore in a dozen public sector banks to give them the minimum funds they need to improve their capital buffer and possibly come out of the Reserve Bank of India...
By Our Special Correspondent in New Delhi

India  /  Published 26.09.19

Almanac slip-up hits loan mela

Union finance minister Nirmala Sitharaman’s grand plan to get public sector banks to dole out loans and kick-start an economic arrival appears to have been star-crossed. Literally.On Thursday, Sitha...
By Our Special Correspondent in New Delhi

Business  /  Published 02.04.20

Moody’s warning on bad loans

Moody’s Investors Service on Thursday changed the outlook for the Indian banking system to negative from stable as it expects a deterioration in the asset quality of banks because of the disruption ...
By Our Special Correspondent in New Delhi

Business  /  Published 13.11.18

Allahabad Bank date to slip out of PCA curbs

By A Staff Reporter in Calcutta


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