India seeks $4 bn spending boost, almost half for state banks
State lenders account for more than 70 percent of all outstanding bank loans, and they are in need of support to meet Basel III regulatory requirements.
Jul 31, 2015, 16:25 PM ISTPNB Q1 net dips 49% to Rs 721 crore on higher provisioning
Punjab National Bank (PNB)'s first quarter net profit of current fiscal Tuesday showed a 48.68 percent decline from Rs 1,405 crore reported the same quarter of 2014-15 fiscal.
Jul 28, 2015, 12:52 PM ISTCanara Bank ups ATM installation target to 1,000 this fiscal
The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.
Jul 26, 2015, 12:38 PM ISTRBI's Gandhi asks PSU banks to space out fund-raising plans
Gandhi said there is a need for banks to shore up their capital in view of the migration to the capital-intensive Basel-III framework over the next four years and added that there are many ways to do so.
Jul 14, 2015, 15:38 PM ISTIndusInd Bank Q1 net rises 25% on interest, fee income
Private sector IndusInd Bank Monday posted a 25 percent rise in its June quarter net profit at Rs 525 crore driven by increase in interest and fee income.
Jul 13, 2015, 20:15 PM ISTArun Jaitley says 8-10% growth achievable, tax revenues growing
He also said monsoons are progressing well and there are expectations that "rain gods will be kinder" this year, which would result in higher production of pulses and other items.
Jul 12, 2015, 15:57 PM ISTPSU banks need higher capitalisation for dealing with NPAs
"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said here.
Jul 06, 2015, 15:37 PM IST'Challenges for PSU banks remain despite uptick in economy'
Fitch Ratings' on Monday said challenges for state-owned banks remain despite improving macro picture.
Jul 06, 2015, 10:22 AM ISTUnion Bank gets shareholder nod to raise up to Rs 3,700 cr
The stock closed at Rs 153.05 on BSE on Friday, down 0.97 percent.
Jun 27, 2015, 18:11 PM ISTGovt to infuse additional Rs 11,500 crore in PSU banks in FY16
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said Friday.
Jun 26, 2015, 21:03 PM ISTFinance Ministry assessing capital requirement of PSU banks
The Finance Ministry has asked public sector banks to submit their immediate and mid-term capital requirement from the government to comply with global capital adequacy norms and also to fund their growth plans.
Jun 24, 2015, 19:32 PM ISTPublic sector banks should disclose details of bad debts: HC
Public sector banks should disclose details of cases pertaining to persons and establishments whose bad debts of over Rs 100 crore have been written off, the Delhi High Court has held.
Jun 24, 2015, 19:29 PM ISTRajan-led panel shortlists 11 for PSU banks MD post
It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.
Jun 21, 2015, 16:05 PM ISTIndia's banking norms 'rigorous' than Basel framework: Panel
India's banking norms in certain aspects are more rigorous than what has been prescribed under the Basel III framework for capital adequacy, says a report.
Jun 15, 2015, 21:19 PM ISTFinance Ministry may finalise additional fund needs for banks in 3 months
The Finance Ministry is likely to finalise additional capital requirement, over and above budget provision of about Rs 8,000 crore, for public sector banks in the next three months.
Jun 14, 2015, 11:04 AM ISTInterviews for CEO posts at 5 large PSU Banks start from Monday
As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.
Jun 14, 2015, 10:49 AM ISTFM Jaitley's plain speak with banks, asks them to cut rates
"The Finance Minister asked the CEOs of both the public and private banks to effect a corresponding rate cut of 75 basic points in response to RBI rate cut of same basis points since January," an official statement said.
Jun 12, 2015, 18:33 PM ISTFM Jaitley promises additional capital for PSU banks
"Banks have made a strong case for additional capital... And over the next few months, this is something the government is going to seriously look at," Jaitley said after meeting heads of PSU banks here.
Jun 12, 2015, 17:03 PM ISTGreater rate cuts by banks in offing: FM Jaitley
An assurance to this effect was given by the bank chiefs at a meeting where their financial performance and other parameters, including transmission of the RBI rate cuts, were reviewed, Jaitley told reporters after the meeting.
Jun 12, 2015, 16:51 PM ISTFinance Minister to meet heads of PSU banks tomorrow
The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.
Jun 12, 2015, 12:37 PM IST