The Union Cabinet on Tuesday announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA-hit public sector banks (PSBs) over a period of two years.
Mumbai: Global ratings agency Standard & Poor's today said the government's move to selectively capitalise state-run banks is a welcome step but may impact the growth of smaller lenders who have been left out."In our
New Delhi: The Appointments Committee of the Cabinet has approved appointment of executive directors to nine public sector banks filling up vacancies which had not been filled since a long time.Ravi Shankar Pandey, GM, Union
New Delhi: Public sector banks will remain closed on second and fourth Saturdays, according to an agreement reached between apex body of bank managements IBA and employee unions.Banks, however, will work full-day on remaining Saturdays.
New Delhi: Finance Minister Arun Jaitley Saturday appealed to the public sector banks (PSB) employees not to participate in a proposed four-day strike later this month.According to the finance ministry, Jaitley has made an appeal
New Delhi: The government has announced a capital infusion of Rs.6990 crore in nine state run banks, including State Bank of India (SBI) and Punjab National Bank (PNB), based on new efficiency parameters such as
New Delhi: Government will soon infuse Rs 6,990 crore in nine public sector banks including SBI, Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.This is the
Kolkata: The Reserve Bank of India (RBI) today said dilution of government holding in public sector banks (PSBs) may not be sufficient for meeting Basel III capital adequacy norms.“Recently, it has been reported that the
Pune: Top bankers, insurers, financial sector regulators and finance ministry officials will meet here from Friday for a two-day "retreat" to discuss issues such as consolidation and restructuring of the public sector banks (PSBs) to
New Delhi: The Centre today appointed the managing director and CEO of four public sector banks, while separating the post of Chairman from the post of MD and CEO.R. Koteeswaran, executive director of Bank of
New Delhi: The Finance Ministry has asked all public sector banks to submit capital raising plans following the Cabinet approval to reduction in government's stake in state-run lenders to 52 per cent."Banks have been asked
New Delhi: The government is planning to bring down its stake in public sector banks to 52 per cent, which can fetch the exchequer Rs 89,120 crore.Minister of State for Finance Jayant Sinha told the
New Delhi: Public sector banks may take a hit of Rs 96,484 crore due to cancellation of coal blocks to power projects, Minister of State for Finance Jayant Sinha said.The Supreme Court had in September
New Delhi: Prime Minister Narendra Modi will today meet chief executives of public sector banks (PSBs).Modi will be taking stock of the banks' operational and financial performance an exercise usually undertaken by the Finance Minister.
New Delhi: Operations in public sector banks were hit across the country as their employees went on a one-day strike today to press for wage revision and other demands but private sector banks were not
New Delhi, Mar 26: Cash-strapped Kingfisher Airlines owed over Rs 5,600 crore to public sector banks as on February this year, the government has said. The consortium of 13 PSU banks, including State Bank of
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