Psb

Finance minister Nirmala Sitharaman, on Wednesday, urged state-owned banks to remained focused on their core business

Finance Minister Sitharaman says, 'Banks are going to be catalyst for economic revival'She also adds that banks must reach out to those areas where banking has not reached yet

Public sector bank mergers could likely derail credit flow to an already slowing economyPast mergers like SBI-associates; Vijaya Bank, Dena Bank and BoB show a sharp fall in loan growth

Final issue size may vary from targeted corpus depending on management discretion, investor decisionOther public sector lenders are also planning to raise money from the market

Mehta said the losses happened as the NCLT resolutions of these major NPAs did not materialise due to pending litigationsThe bank stocks fell 3.5% as its January-March quarter slippages remain at high levels

The FY19 results of 17 public sector lenders show they had to provide an aggregate of ₹1.99 tn towards dud loansThe capital worth ₹1.05 trillion that their owner gave during the year disappeared without a trace

The BBB mechanism for board level appointment would continue and there is no proposal at the moment to dissolve it, according to a top finance ministry official

Icra in a report says it anticipates an imminent increase in competition for deposit mobilisation and an upward movement in deposit rates

The rising yields and falling prices are credit negative for PSBs, which are exposed to MTM losses from the government bonds' reduced value in their investment portfolios, a Moody's report says

Bank of Maharashtra's board of directors has approved the proposal of raising of equity capital up to Rs650 crore by way of preferential allotment in favour of the government