E-PaperPublic Sector News
Govt mulls ESOPs for PSB employees; decision expected after Lok Sabha election 2024, Deloitte to advise on framework
PSBs in India may soon offer stock options to employees as the government rekindles discussions on ESOP. This long-standing demand from PSB could help them retain talent in a competitive market. The decision is expected after Lok Sabha elections 2024 with a framework being developed by Deloitte.
1 min read3 Apr 2024Public sector bank employees threaten to go on strike on June 27
The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW), decided to go on strike.
1 min read8 Jun 2022PSU banks mobilise record fund of ₹58,700 crore from markets in FY21
Series of successful QIP reflect confidence of both domestic and global investors in PSBs and their potentialIn addition, 12 PSBs raised funds from Tier I and Tier II bonds taking the total fund mobilisation to ₹58,697 crore
2 min read1 Aug 2021PSBs approve buying bonds, CPs worth ₹14,667 crore issued by NBFCs
Purchase of bonds and commercial papers worth ₹6,125 crore, including ₹5,550 crore worth of debt instruments rated below AA, is currently under various stages of approval
1 min read15 Jul 2020State-run lenders have at least ₹7.9 tn loans under moratorium
The actual extent of the moratorium will be greater because except SBI, other banks have not given any absolute numbers on moratoriumIn the absence of any standard disclosure format, different banks have used different metrics for moratorium disclosures
2 min read30 Jun 2020Indian Overseas Bank reports standalone Q4 net profit at ₹143.79 Cr
The bank had reported a net loss at ₹1,985.16 crore during corresponding quarter previous year.As of March 31, 2020, total income of the bank was at ₹20,712.48 crore as against ₹21,837.58 crore registered previous year.
1 min read25 Jun 2020Public sector banks sanctioned ₹5.66 tn loans during MAR-APR: Finance ministry
Finance ministry said that there has been sustained credit flow to NBFCs and housing finance companies during the nationwide lockdown, that was imposed to contain the spread of covid-19
1 min read7 May 2020Bad loans of PSBs fall to ₹7.27 lakh crore at end of Sept 2019: Sitharaman
The government has instituted comprehensive reforms in PSBs to improve, governance, underwriting, monitoring and recovery, the FM saidRecord recovery of ₹2.03 lakh crore over the one-and-half year period ending September 2019, she further said
3 min read10 Feb 2020NPAs of public sector banks stand at ₹7.27 lakh crore as on H1FY20: Govt
MoS Finance also said in Lok Sabha that scheduled commercial banks and select financial institutions have reported frauds to the tune of ₹1,13,374 crore as on 30 Sept, 2019Anurag Thakur was speaking during Question Hour
1 min read3 Feb 2020Banking and Finance in 2020: Time for radical cost efficiency and operational scalability
In 2019, We saw measures to revive credit growth and shore up bank balance sheets, i.e. capital infusion, reduction of policy rates, and the announcement of consolidation of ten PSBs
4 min read26 Jan 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared