Search For "psbs"
Shaktikanta Das endorses formation of 'holding company' for PSBs
Updated : 7 years, 10 months ago IST
New Delhi [India], April 25 (ANI): Former economic affairs secretary Shaktikanta Das claimed that it was time to set up a 'holding company' for public sector banks (PSBs), in the wake of the recent economic reforms.
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RBI issues corrective framework for PSBs
Updated : 7 years, 12 months ago IST
New Delhi [India], Mar. 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound financial health of banks.
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No unauthorised LoUs issued, except one incident: SBI official
Updated : 8 years ago IST
New Delhi [India], Mar 15 (ANI): The State Bank of India (SBI) officials on Thursday reiterated the fact that except for the one-off incident involving Punjab National Bank (PNB), no unauthorised Letters of Undertakings (LoUs) have been issued by public sector banks (PSBs).
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Passport details compulsory against loans higher than Rs 50cr
Updated : 8 years ago IST
New Delhi [India], Mar. 10 (ANI): In the wake of recent scams unearthed in the banking sector, the Centre on Saturday directed public sector banks (PSBs) to collect passport details of new borrowers seeking to avail loans higher than Rs 50 crore.
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Collusive corruption common at PSBs: Survey
Updated : 8 years ago IST
New Delhi [India], Mar. 9 (ANI): In the backdrop of the recent scams reported in the banking sector, citizens have flagged concern on various aspects of business-banker nexus and the gaps that exist, particularly of collusive corruption existing among (PSBs).
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Centre directs PSBs to consolidate 35 overseas operations
Updated : 8 years ago IST
New Delhi [India], Mar. 2 (ANI): In the wake of the recent banking scams reported, the government has directed public sector banks (PSBs) to consolidate nearly 35 overseas operations without affecting the banks' international presence in these countries.
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PSBs given deadline to identify security gaps, operation risks
Updated : 8 years ago IST
New Delhi [India], Feb. 27 (ANI): Financial Services Secretary Rajiv Kumar on Tuesday gave a 15-day deadline to the public sector banks (PSBs) to take "pre-emptive" action for identifying gaps and to gear up for rising operational and technical risks.
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CRISIL outlook on PSBs revised to 'stable' from 'negative'
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 27 (ANI): The economic outlook of the Indian public sector banks (PSBs) was revised from 'negative' to 'outlook' by credit rating body CRISIL.
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Capital infusion reaffirms Centre's trust in PSBs: IOB
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 24 (ANI): Welcoming the Rs 4,694 crore-worth capital infusion from the government, the Indian Overseas Bank (IOB) on Wednesday said the designated amount will facilitate the bank to meet its regulatory requirements.
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Finance Ministry to issue recapitalisation bonds to PSBs in Jan
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 26 (ANI): The Ministry of Finance is likely to issue the first tranche of recapitalisation bonds to public sector banks (PSB) in early January, official sources from the ministry have confirmed.
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Surge in credit provisions to adversely affect PSBs' profitability
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): Credit rating body ICRA in its report released on Monday estimated the gross non-performing assets (GNPA)s of Rs. 8.8 to 9.0 trillion (10.0-10.2 percent) to peak out by end of FY 2018, as against GNPAs of 9.5 percent (Rs. 7.65 trillion) as on March 31, 2017.
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Market mop up may exceed Rs 58,000 cr: ASSOCHAM
Updated : 8 years, 4 months ago IST
New Delhi [India], October 29 (ANI): In the wake of the recent government announcement on capital infusion for public sector banks (PSBs), dilution of government equity up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 cror
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