Psu banks

FinMin to take call on PSU banks' capital infusion requirements after September

FinMin to take call on PSU banks' capital infusion requirements after September

1 min read . 03 May 2019

'Double standards': Vijay Mallya attacks banks over Jet Airways bailout

1 min read . 26 Mar 2019

The recapitalisation would enhance the lending capacity of PSBs (Bloomberg)

PSBs surge on govt’s capital infusion announcement

2 min read . 21 Feb 2019

An LOC is valid for a year unless its duration is specified

Govt empowers PSU banks to seek lookout circulars against wilful defaulters

1 min read . 27 Jan 2019

The government in its rescue mission has increased its hold on banks in direct contrast to what it had promised in 2014. Photo: Bloomberg

Forget privatisation, govt has hugged its banks tighter

2 min read . 19 Jan 2019

‘As of today, we have around 13 zonal offices and we will be consolidating them, although we have not yet decided into how many,’ says Central Bank of India CEO Pallav Mohapatra. Photo: Pradeep Gaur/Mint

Central Bank of India CEO moves to turn around lender

2 min read . 15 Jan 2019

Some of the public sector banks have government’s holding beyond 75 %. Photo:HT

FinMin wants PSU banks to bring down govt equity to 52%

2 min read . 14 Jan 2019

PSU banks plan rationalisation of another 69 overseas offices

1 min read . 06 Jan 2019

Shares of PSU banks have surged on hopes that the capital infusion by the government would help them exit the RBI PCA framework. Graphic: Mint

RBI PCA banks: Queue to check out of Hotel California is slowly forming

2 min read . 04 Jan 2019

Sidbi deputy MD Manoj Mittal. Sidbi, PSU banks and their associate or subsidiaries own a combined 54% in fintech company CapitaWorld.

How Sidbi, PSU banks bought stakes in CapitaWorld

3 min read . 02 Jan 2019

Arun Jaitley further said recognition of non-performing assets in the public sector banks is complete, and the downslide in bad loans has begun. Photo: Abhijit Bhatlekar/Mint

Govt seeks ₹41,000 crore more for bank recapitalisation

2 min read . 21 Dec 2018

In 2017, the government had announced a plan for an infusion of Rs 2.11 trillion in 20 state banks by March 2019 to meet global regulatory requirements. Photo: Hemant Mishra/Mint

Govt may pump ₹1.06 trillion into banks in FY19

1 min read . 20 Dec 2018

Finance minister Arun Jaitley. Photo: Abhijit Bhatlekar/Mint

Govt seeks Parliament nod for extra spending of ₹15,000 crore

1 min read . 20 Dec 2018

Economic affairs secretary Subhash Chandra Garg. Photo: Pradeep Gaur/Mint

Govt to seek more funds for public sector banks

2 min read . 20 Dec 2018

Public sector banks do not have any plan to close ATMs: Govt

1 min read . 14 Dec 2018

Shaktikanta Das, a former finance secretary, took office two days after Urjit Patel abruptly resigned as governor on Monday. Photo: Reuters

RBI board meet today, first with Shaktikanta Das at the helm

2 min read . 14 Dec 2018

Earlier this year, the government pumped in Rs11,336 crore into five PSBs — PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank — to improve their financial health. Photo: Mint

Govt mulls additional Rs30,000 crore capital infusion in PSU banks

1 min read . 13 Dec 2018

RBI’s PCA norms haven’t really crimped the flow of credit to the Indian economy. Graphic: Mint

PSU bank lending robust despite RBI PCA action

1 min read . 30 Nov 2018

RBI’s Urjit Patel to submit written answers to queries raise by parliamentary panel

2 min read . 27 Nov 2018

The ₹42,000 fund infusion, as part of the larger ₹2.11 trillion PSU bank recapitalisation plan, comes at a time when RBI has partially relaxed rules relating to implementation of Basel III norms. Photo: Bloomberg

Bank recapitalisation plan: PSU banks set to get ₹42,000 crore over next 4 months

2 min read . 27 Nov 2018