Tag Archives: public sector banks

Indian banks are up for an uphill battle when it comes to recovering money from defaulters in a post-pandemic world. Look no further than the recent recovery of the country’s largest lender, State Bank of India (SBI). SBI recoveries and updates fell 21% year-over-year in the first half of fiscal …

The government is leaning towards the view that a bank’s exit from the public sector should be total when it is privatized. However, to make the sale attractive, the government wants the Reserve Bank of India (RBI) to relax the rules on ownership in private sector banks. A senior government …

New Delhi: The Ministry of Finance is likely to provide capital support from the ₹Rs 20 billion fund approved by Parliament in a recently concluded session for some public sector banks (PSBs) in the third quarter. Approved by Parliament ₹Rs 20 billion for PSB capital injection as part of the …

Public sector banks (PSB) reported fraud worth more than Rs 19,964 crore in a total of 2,867 cases during the April-June quarter of the current fiscal year, according to a response to an RTI inquiry. The nation’s largest lender, State Bank of India (SBI), recorded the highest number of fraud …

MUMBAI: Employees of private and cooperative banks will be able to travel on local trains based on their ID cards until the Mumbai Police have issued them the QR codes. Until now, only employees of the state government, central government, public sector banks, Mumbai Port Trust, Raj Bhavan staff, aircraft …

Bank stocks were under pressure with the Nifty Bank index falling 3 percent from its intraday high on Friday, after rating agency India Ratings and Research (Ind-Ra) revised its outlook on the banking sector to ‘Negative’ for the second semester. – October to March (H2FY21) from ‘Stable’. Bandhan Bank, RBL …

The Union Finance Ministry on Monday requested Parliament’s approval to infuse ₹20,000 crore in public sector banks (PSB) through recapitalization bonds. The step becomes important as the infusion of capital will offer support to state lenders to handle the country’s deepening Covid-19 crisis, which has put borrowers under pressure, increasing …

[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …

[ad_1] The Union Finance Ministry said Tuesday that public sector banks (PSBs) sanctioned ₹$ 5.95 trillion in loans to small businesses, retailers, agriculture and corporate sectors between March 1 and May 8. “PSB sanctioned loans for value ₹5.95 trillion for more than 467,400 MSMEs accounts (micro, small and medium-sized companies), …