Search For "psb"
Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
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Recapitalisation of public sector banks disappearing into quicksand: Ind-R
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 9 (ANI): While the government has infused huge capital in public sector banks (PSBs), the funds have largely been used to mitigate losses and failed to contribute meaningfully to credit growth, according to India Ratings and Research (Ind-Ra).
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Gross NPAs of public sector banks have declined by over Rs 89,000 cr till
Updated : 6 years, 7 months ago IST
New Delhi [India], July 25 (ANI): The gross non-performing assets (NPAs) of public sector banks (PSBs) have declined by Rs 89,189 crore from a peak of more than Rs 8.95 lakh crore in March 2018 to over Rs 8.06 lakh crore in March this year, the government told the Rajya Sabha.
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Punjab & Sind Bank reports Rs 238.3 crore fraud in BPSL case
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 18 (ANI): Government-owned Punjab & Sind Bank (PSB) has reported a Rs 238.3 crore fraud relating to allegations of diversion of funds by the indebted Bhushan Power & Steel Ltd (BPSL).
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Budget 2019-20: Six months' partial credit guarantee proposed for PSBs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman on Friday said the government has proposed to provide a one-time six-month partial credit guarantee to public sector banks (PSBs) for first loss of up to 10 per cent.
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Union Budget earmarks Rs 70,000 crore for public sector banks
Updated : 6 years, 8 months ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman on Friday announced that Rs 70,000 crore would be given to the public sector banks to boost their capital and credit capacity.
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Centre assures full support to PSBs to improve delivery services to farmer
Updated : 7 years, 1 month ago IST
New Delhi [India], Jan 28 (ANI): Pushing for financial inclusion, the Central government on Monday assured public sector banks (PSBs) its full support in their objective to improve delivery services to the farmers.
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Capital infusion in PSBs by December: Sources
Updated : 7 years, 3 months ago IST
New Delhi [India], Nov 22 (ANI): Government sources on Thursday said that capital infusion into Public Sector Banks (PSBs) are likely to take place by the end of 2018.
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Write-offs don't lead to waivers, claims Jaitley
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): Hours after Congress president Rahul Gandhi targeted the government for waiving off debts of "crony capitalists", Finance Minister Arun Jaitley in his blog post on Monday stated that write-offs by banks are not counted as loan waivers and are done as per the R
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Jaitley underscores need for banks to crack down on frauds
Updated : 7 years, 5 months ago IST
New Delhi [India], Sep 25 (ANI): Union Finance Minister Arun Jaitley on Tuesday highlighted the impact of the formalisation of the Indian economy - through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments - on Public Sector Banks (PSBs), while also stress
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Jaitley to discuss banking reforms with PSBs today
Updated : 7 years, 5 months ago IST
New Delhi [India], Sep 25 (ANI): Union Finance Minister Arun Jaitley will hold a meeting with Public Sector Banks (PSBs) on Tuesday to discuss banking reforms.
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