Follow Us:

Tag: Public Sector Banks

17 Results

  • Congress to oppose sale of Public Sector Banks

    Congress to oppose sale of Public Sector Banks

    The party pointed out that the Modi government forced to halt reckless PSU sale in the last 2 months alone, the government has been forced to halt its privatisation spree.

    June 28, 2022
  • Sitharaman chairs review meeting with heads of Public Sector Banks

    Sitharaman chairs review meeting with heads of Public Sector Banks

    Sitharaman also conveyed to the bankers to continue supporting agriculture sector, farmers, retail sector and MSMEs.

    January 8, 2022
  • Public sector banks are stable now after PCA: Nirmala Sitharaman

    Public sector banks are stable now after PCA: Nirmala Sitharaman

    Referring to TMB's deposit base of Rs 41,000 crore and advance portfolio of Rs 32,000 crore, Sitharaman said: "If that is the rapidity with which you are using the money to make more businesses work, it is possible to be more efficient if you adopt complete technology related solutions."

    September 12, 2021
  • India’s PSBs may see moderate bad loan formations: Morgan Stanley

    India’s PSBs may see moderate bad loan formations: Morgan Stanley

    The brokerage firm preferred SBI and other large private banks to play a major role in corporate recovery cycle.

    March 4, 2021
  • Resolving NPAs~II

    Resolving NPAs~II

    Even the much-hyped IBC’s recovery track record is not that impressive which should cause a great deal of concern considering the reform agenda behind its coming into existence. One big question bothers a lot: where are we heading with an average hair cut of 70 to 75 per cent? Things are no better with the advent of forensic audits since auditors are made to deal with lack of cooperation from parties and banks

    December 15, 2020
  • No hike in service charges by public sector banks

    No hike in service charges by public sector banks

    On basic savings bank deposit (BSBD) accounts, including Jan Dhan accounts, the government informed that no service charge is applicable on the 60.04 crore BSBD accounts, including 41.13 crore Jan Dhan accounts opened by the poor and unbanked segments of society, for the free services prescribed by the Reserve Bank of India.

    November 4, 2020
  • Small is Beautiful

    Small is Beautiful

    We would do well to shun our pursuit of the extraordinary, to the detriment of the ordinary. Let us set simple goals for ourselves, to be achieved at our natural pace; the first one being that no man should sleep hungry or stay permanently unhappy

    September 24, 2020
  • PSBs will need fresh capital as pandemic will hurt their asset quality, profitability: Moody’s

    PSBs will need fresh capital as pandemic will hurt their asset quality, profitability: Moody’s

    The report, titled ‘Coronavirus fallout will leave banks with capital shortages again’ predicted that asset quality will deteriorate, led by retail and small business loans.

    August 21, 2020
  • ‘Clearing path for $5 trillion economy’: Nirmala Sitharaman announces 4 mega public sector bank mergers

    ‘Clearing path for $5 trillion economy’: Nirmala Sitharaman announces 4 mega public sector bank mergers

    With today's announcement, post consolidation, India will have 12 Public Sector Banks from 27 Public Sector Banks.

    August 30, 2019
  • Economic Survey eases tension in stock market

    Economic Survey eases tension in stock market

    The survey also credited its positive projections on the political stability ensured by a singleparty majority government at the Centre.

    July 5, 2019
  • Mudra to NPA

    Mudra to NPA

    India’s micro units, in particular, have a critical role to play in keeping the country going, employing millions and literally providing the backbone to what is the world’s sixth-largest economy (nominal GDP).

    January 21, 2019
  • IBPS Clerk online registration to begin today at ibps.in | Check more details here

    IBPS Clerk online registration to begin today at ibps.in | Check more details here

    IBPS 2018: Candidates can check the notification on the official website- ibps.in.  Candidates should note that the clerk recruitment will start today.

    September 18, 2018
  • Downhill Ride for Banks

    Downhill Ride for Banks

    A multitude of fugitive bank defaulters thumbing their noses at the Government has brought in sharp focus all that is wrong with the Indian banking system. These persons ~ each owing banks thousands of crores of rupees ~ have brought many large banks to their knees. These defaulters are living not in any banana republic but …

    July 15, 2018
  • ‘Not Central but indicative planning’

    ‘Not Central but indicative planning’

    Noted economist Rajiv Kumar is currently Vice-Chairman of the NITI Aayog. Dr Kumar holds a DPhil in economics from Oxford and a PhD from Lucknow University, has served as director and chief executive of the Indian Council for Research on International Economic Relations (ICRIER) and worked with the Asian Development Bank. He was also a …

    June 9, 2018
  • Failing Banks

    Failing Banks

    Some bank scams in recent times should be eye-openers for us. They show how rich and resourceful persons have been carrying out a brutal loot of the common man’s money. This issue is as great or even greater than the ones related to border conflicts, terrorist infiltration, Dalit destitution, farmer suicides, climate change and Maoist …

    April 17, 2018
  • Regulate, don’t privatise~I

    Regulate, don’t privatise~I

    More and more skeletons are tumbling out of the rotten cupboards of the PNB-Nirav Modi scam. The size of the cupboard seems to be increasing each day, drawing more and more Public Sector Banks (PSBs) into its ever widening spiral of fraudulence. The narrative is also quite familiar ~ use high connections to get huge …

    April 13, 2018
  • Sebi exempts government from making public offers in six PSBs

    Sebi exempts government from making public offers in six PSBs

    Securities market regulator Sebi has “exempted” the central government from making open offers for its proposed acquisitions of additional shares of six public sector banks (PSBs). According to separate “exemption” orders passed by Sebi, the central government will not be required to make open offer to acquire shares in PNB, Syndicate Bank, Vijaya Bank, Bank …

    March 20, 2018