PSBS

Budget 2023: Govt may not announce capital infusion for PSU banks in Budget 2023-24

The government last provided capital support to banks in 2021-22. It had earmarked Rs 20,000 crore for recapitalisation of PSBs through supplementary demands for grants.

Jan 22, 2023, 15:19 PM IST

PNB, SBI account for most valuable bank frauds among PSBs: RBI

Public sector banks reported a 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.

May 15, 2022, 15:36 PM IST

Centre to provide capital support mostly to weak PSBs

Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion's share of the Rs 15,000 crore earmarked for capital infusion.

Feb 27, 2022, 16:48 PM IST

Finance Minister Nirmala Sitharaman asks banks to support COVID-affected sectors

Finance Minister Nirmala Sitharaman chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant.

Jan 07, 2022, 18:05 PM IST

Centre unlikely to announce capital infusion for PSU banks in Budget: Report

The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget.

Dec 12, 2021, 11:08 AM IST

Centre to amend banking laws to facilitate privatisation of two PSU banks

The Centre is all set to introduce a banking laws amendment bill in the upcoming Winter Session.

Nov 25, 2021, 22:04 PM IST

Centre may redraw bank recapitalisation plan in wake of new challenges

The problem has been accentuated with the Reserve Bank of India now writing to the bank to meet their obligation towards interest on interest for all borrowers where exposure is over Rs 2 crore as well. This will put an additional burden of close to Rs 7,500 crore on banks.

Apr 10, 2021, 16:35 PM IST

PSBs to need capital up to Rs 2.1 trillion over next 2 years; govt support to continue: Moody's

According to Moody's, the sharp slowdown in India's economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs.

Aug 21, 2020, 13:41 PM IST

FM Nirmala Sitharaman to meet heads of public sector banks today

The meeting assumes importance as this will be her first meeting with PSB heads after she announced amalgamation of 10 public sector banks into on August 30.

Sep 19, 2019, 10:50 AM IST

Government to infuse Rs 55,000 crore into Public Sector Banks in a week

FM Nirmala Sitharaman had announced the capital infusion of Rs 55,000 in 10 PSBs to be consolidated into 4 large Banks so that their capital base can be improved.

Sep 11, 2019, 14:47 PM IST

Centre to infuse Rs 12,000 crore in state general insurance firms

The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.

Sep 06, 2019, 14:39 PM IST

Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report

Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.

Aug 30, 2019, 12:57 PM IST

Government to enhance bank recapitalisation outlay to Rs 1.06 lakh crore in current fiscal

This would enable infusion of over Rs 83,000 crore in the coming few months in Public Sector Banks (PSBs).

Dec 21, 2018, 14:03 PM IST

Reduce number, weight of government mandates for PSBs: Rajan

He further said public sector banks still not adequately professionalised and there is a need to substantially improve risk management.

Dec 14, 2018, 15:39 PM IST

Photos: Bank strike across India on May 30, 2018

Banking operations in the country were hit on Wednesday as 10 lakh employees, primarily from PSU banks, went on 2-day strike to protest against a 'meagre' 2 percent salary hike offered by Indian Banks Association (IBA) - the management body.

May 30, 2018, 22:27 PM IST