Search For "public sector banks"
Gross NPAs of public sector banks have declined by over Rs 89,000 cr till
Updated : 6 years, 11 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, 12 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 : 7 years 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 : 7 years 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 : 7 years 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 : 7 years 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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CBI files fresh FIRs against fugitive diamantaire Jatin Mehta, nine premis
Updated : 7 years 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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You don't get away by not paying back to banks: Jaitley
Updated : 7 years, 4 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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Govt to infuse Rs 48,239 crore in 12 public sector banks
Updated : 7 years, 4 months ago IST
New Delhi [India], Feb 20 (ANI): The government on Wednesday approved recapitalisation of 12 public sector banks with an infusion of Rs 48,239 crore.
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RBI fines 4 PSU banks for deficiencies in regulatory compliance
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) has imposed penalties on four public sector banks for non-compliance of its various directions.
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RBI exempts BoI, BoM, OBC from PCAF
Updated : 7 years, 5 months ago IST
New Delhi [India], Feb 1 (ANI): The Reserve Bank of India has exempted Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from PCAF (Prompt Corrective Action Framework) following improvements in their capital position and asset quality in the December 2018 quarter, said an o
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Centre assures full support to PSBs to improve delivery services to farmer
Updated : 7 years, 5 months 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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