Search For "public sector bank"
Recapitalisation of public sector banks disappearing into quicksand: Ind-R
Updated : 6 years, 10 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, 10 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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Budget advances economic reform, but fiscal settings unchanged: Fitch
Updated : 6 years, 11 months ago IST
London [Britain], July 10 (ANI): Financial information services major Fitch Ratings said on Wednesday that the Union Budget for 2019-20 outlines some economic reforms that could support the economy but its fiscal stance remains broadly unchanged with no plans for meaningful consolidation.
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Budget 2019-20: Six months' partial credit guarantee proposed for PSBs
Updated : 6 years, 11 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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Strengthening regulatory authority of RBI over NBFCs
Updated : 6 years, 11 months ago IST
New Delhi [India], July 5 (ANI): The government will strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs), Finance Minister Nirmala Sitharaman said on Friday.
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Union Budget earmarks Rs 70,000 crore for public sector banks
Updated : 6 years, 11 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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RBI imposes penalty on four banks for non-compliance of KYC/AML rules
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], July 3 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts.
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Edelweiss, Bank of Baroda to co-lend to SMEs
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 12 (ANI): ECL Finance, the flagship non-banking financial company of Edelweiss Group, and Bank of Baroda, India's second largest public sector bank, on Wednesday, signed an agreement to form a strategic partnership to explore co-lending opportunities.
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CBI files fresh FIRs against fugitive diamantaire Jatin Mehta, nine premis
Updated : 6 years, 11 months ago IST
New Delhi [India], Jun 11 (ANI): The Central Bureau of Investigation (CBI) on Tuesday registered three fresh FIRs against absconding diamantaire Jatin Mehta and others, including a foreign national, in connection with an alleged loan fraud of over Rs 700 crore in two public sector banks.
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Merger of Dena Bank, Vijaya Bank with Bank of Baroda comes into effect
Updated : 7 years, 2 months ago IST
Mumbai (Maharashtra) [India], Apr 1 (ANI): Bank of Baroda on Monday became India's second largest public sector bank behind State Bank of India (SBI) following a three-way merger with Dena Bank and Vijaya Bank.
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Benchmark indices close on a high note, Sensex at 36,443
Updated : 7 years, 3 months ago IST
Mumbai (Maharashtra) [India], Mar 5 (ANI): Equity benchmark indices edged higher on Tuesday with the rally led by metals, auto and public sector banking stocks.
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You don't get away by not paying back to banks: Jaitley
Updated : 7 years, 3 months ago IST
New Delhi (India), Feb 28 (ANI): Union Finance Minister Arun Jaitley said on Thursday that industry leaders must give up the tendency of not paying back loans to banks as the 'new normal' is already in place.
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