Finance ministry to provide capital to more banks by Sept

Jul 18 2018

After approving capital support for five public sector banks (PSBs), the finance ministry is assessing the needs of 2-3 more banks and fund infusion in them would be done by the end of the second quarter of the current fiscal.

Finmin may seek extension of deadline from Sebi for PSBs on minimum public float norm

Jul 15 2018

The finance ministry may approach markets regulator Sebi to seek relaxation on the minimum 25 per cent public shareholding norm for some public sector banks (PSBs).

Allahabad Bank mulls reducing stakes in JV, associate cos to trim bad assets

Jul 12 2018

Public sector Allahabad Bank today said it is mulling to off-load non-core assets like shareholding in various joint ventures and sell immovable properties to shore up its capital base.

FM to meet heads of banks on Thursday to discuss NPA resolution structure

Jul 04 2018

Piyush Goyal will meet heads of banks tomorrow to discuss an inter-lender structure suggested under the 'Project Sashakat' that intends to fastrack resolution of stressed assets in the banking system.

Rs 3.8 tn from 70 a/cs need NCLT resolution by Sep; PSBs FY19 Pre-tax loss to seen at 1.2 tn: Icra

Jul 04 2018

Nearly 70 large accounts with exposure worth Rs 3.8 trillion will require resolution under the Reserve Bank's revised framework by September, warns a report.

Govt open to discuss RBI's power over regulating PSBs: Goyal

Jul 03 2018

Finance minister Piyush Goyal today said the government is open to discuss the issues that the Reserve Bank of India (RBI) had raised recently over the lack of powers in regulating state-run lenders.

SBI in process to shut 9 foreign offices as part of rationalisation: MD

Jun 27 2018

State Bank of India (SBI) has closed six foreign branches and is in the process of closing down another nine branches as part of rationalisation of overseas operations, said Managing Director Pravin K Gupta.

State-run banks hopeful of getting out of RBI's watchlist by 2020

Jun 26 2018

11 PSBs that are under the RBI's watchlist for mounting bad loans today expressed confidence before a parliamentary committee that these would emerge out of the central bank's PCA framework by 2020.

FM Goyal to meet heads of 13 PSBs on Tuesday

Jun 18 2018

Finance Minister Piyush Goyal will meet heads of 13 public sectors banks (PSBs) tomorrow to resolve various issues concerning them.

NPA write-offs by PSBs surge 140 pc over their losses in FY'18

Jun 15 2018

PSBs have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.

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