psu banks


Nifty drops 60.75 points as geopolitical tensions grip investors

May 16 2018

Nifty dropped by 60.75 pts to end at 10,741.10 in a volatile session as uncertainties around govt formation in Karnataka and growing geopolitical tensions in Korean peninsula hurt investor sentiment.

Banking sector could witness turnaround in FY20: S&P

Mar 21 2018

Making a case for more concrete steps to strengthen internal control system in PSU banks, S&P Global Ratings said the banking sector could witness a turn around in FY20.

Finance Ministry to coax Fitch for sovereign rating upgrade

Mar 06 2018

The govt will pitch for a sovereign rating upgrade with Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower govt debt.

Larger PSU banks to get bigger pie of recap bonds: Fitch

Jan 10 2018

The govt's plan to recapitalise PSBs is likely to focus on supporting lending growth, with large lenders being the main beneficiaries, Fitch said.

PSU Banks' capital raises are credit positive: Moody's

Dec 19 2017

Moody's said that it signals improved access to the equity capital markets and will reduce PSBs' dependence on fund infusion from the govt.

MFs log Rs 1.26L cr inflow in Nov, AUM at a record Rs 21.8L cr

Dec 10 2017

With the latest inflow, total infusion in MF schemes reached Rs 3.8 lakh cr in the first 8 months (Apr-Nov) of the current fiscal, Amfi data showed.

Canara Bank employees against merger of smaller PSU banks

Nov 24 2017

The employees of Canara Bank requested the Centre not to consider cross merger of smaller public sector banks having high NPAs.

Aviva India turns to PSU banks on recapitalisation plan boost

Nov 23 2017

Aviva is raising its exposure to the PSU banks as it bets the govt’s $32 bn plan to rescue lenders burdened with record bad loans will boost their prospects.

PSU Banks may get Rs 70,000 cr through recap bonds this fiscal

Nov 05 2017

The finance ministry may infuse about Rs 70,000 crore through recapitalisation bonds in the NPA-hit public sector banks in the next four months.

Govt sets up Jaitley led panel on PSU bank mergers

Oct 30 2017

The govt has constituted a ministerial panel headed by Arun Jaitley that will oversee merger proposals of state-owned banks.

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