Tag: PSU banks

Bank of Maharashtra tops PSU banks in terms of loan, deposit growth

Current Account Savings Account (CASA) for BoM saw 24.47 per cent rise, the highest among the public sector lenders, during the year.

June 11, 2021

2nd day of bank’s nationwide strike continues to affect banking services

United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.

March 16, 2021

2-day nationwide strike affect banking services. All you need to know

The UFBU has called for a pan-India strike on March 15-16. It has claimed that about 10 lakh bank employees and officers of the banks are participating in the strike.

March 15, 2021

Several PSU banks fill posts of executive directors

Bank of Baroda said Debadatta Chand has been appointed as Executive Director for a period of three years from March 10, 2021 or until further orders, whichever is earlier.

March 11, 2021

PSU Banking operations partially affected due to one-day strike

"In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment," he said.

November 26, 2020

PSU banks lose BSE after the announcement of bank merger

Punjab National Bank which will be merged with the Oriental Bank of Commerce and United Bank of India, fell over 7 per cent, the most among the state-run banks constituting the PSU Bank Nifty index.

September 3, 2019

Finance Minister Sitharaman may meet PSU bank chiefs

The meeting earlier to be held by Prime Minister Narendra Modi is now scheduled to be chaired by Finance Minister Nirmala Sitharaman.

June 21, 2019

Double standards under NDA, says Vijay Mallya after Jet Airways bailout by PSU banks

Mallya, who is facing extradition to India from the UK, said while the PSU banks bailed out Jet Airways they allowed his Kingfisher Airlines to “fail ruthlessly”.

March 26, 2019

PSU banks recover Rs 98,000 crore in first 3 quarters of FY19

The provision coverage ratio (PCR) of the banks for bad loans have also risen to 70 per cent from 46 per cent after the asset quality review (AQR) last year.

February 28, 2019

Finance Ministry likely to infuse about Rs 10,000 crore soon in PSU banks

Some of these banks have come under pressure because of interest paid to their bondholders of Additional Tier 1 (AT-1) bonds, sources said.

July 17, 2018

Public money extremely safe in PSU banks, says Piyush Goyal

Public money is “extremely safe” in state-owned banks, Finance Minister Piyush Goyal said on Tuesday against the backdrop of several cases of frauds, including the USD 2 billion scam at PNB, unearthed recently. Speaking to reporters after meeting several heads of PSBs, he said the government is open to the question of giving more powers...

June 19, 2018

PSU banks suffer whopping Rs 87,000 cr loss, PNB tops the list

Only two banks, Indian Bank and Vijaya Bank, posted profits during 2017-18.

June 10, 2018

‘Higher NPA provisioning to impact banks in 2018-19’

Moody’s Investors Service on Thursday said the government’s Rs 2.11 lakh crore capital infusion in PSU banks would narrow the gap between the capital profiles of public and private sector banks. Besides, gross non-performing assets (NPAs) could peak in current fiscal, but elevated levels of provisioning on these NPAs will continue to negatively affect the...

January 4, 2018

PSU Banks may get Rs 70,000 cr through recap bonds this fiscal

The finance ministry may infuse about Rs 70,000 crore through recapitalisation bonds in the NPA-hit public sector banks in the next four months, sources said. Last month, Finance Minister Arun Jaitley had announced an unprecedented Rs 2.11 lakh crore two-year roadmap for strengthening public sector banks. The plan included recapitalisation bonds of Rs 1.35 lakh...

November 5, 2017

Equity indices to take cues from results, macro-data

The key Indian equity indices — the BSE Sensex and the NSE Nifty50 — are expected to take cues from quarterly results, along with macro-economic data points and the flow of foreign funds during the upcoming week. “The focus will continue to be on results this month. Sectors like PSU banks, infra and pharma will...

November 5, 2017

‘PSU banks to intervene in Aircel-Maxis case’

The State Bank of India and other public sector banks on Tuesday moved the Supreme Court seeking to intervene in the Aircel-Maxis case as a substantial amount of theirs was involved as loans. A bench of Chief Justice Jagdish Singh Khehar, Justice NV Ramana and Justice DY Chandrachud agreed to hear the plea by the bank after...

January 24, 2017

‘PSU banks to intervene in Aircel-Maxis case’

The State Bank of India and other public sector banks on Tuesday moved the Supreme Court seeking to intervene in the Aircel-Maxis case as a substantial amount of theirs was involved as loans. A bench of Chief Justice Jagdish Singh Khehar, Justice NV Ramana and Justice DY Chandrachud agreed to hear the plea by the bank after...

January 24, 2017