Public sector banks have an exposure of about Rs 10,000 crore in the telecom companies whose licences were cancelled by the Supreme Court in connection with 2G scam.
"The public
The finance ministry will be infusing Rs 18,000 crore in the current fiscal in 12 banks, including SBI, and will be seeking supplementary grants from Parliament in the Budget session.
The Finance Ministry has asked state-run banks to report their immediate capital fund requirements, if any, following Moody's downgrade of country's largest lender State Bank of India (SBI). "We have
Reserve Bank Governor D Subbarao today favoured bifurcation of the posts of chairman and managing director in state-run banks, saying the experience of such a split in the private sector
The growth of annual educational loans by public sector banks has more than halved to 20. 9 per cent in fiscal 2010-11 in the past eight years Parliament was
Public sector banks are likely to post a lacklustre Q1 performance due to high exposure to sectors such as infrastructure, auto, textiles and real estate that are hard pressed to
The stocks of public sector banks continue to underperform the broader market with most of them falling 4-20 per cent since April 1 on anticipation of lower profitability in first
Three public sector lenders, including Andhra Bank, raised their base rates or the minimum lending rates by up to 50 basis points making housing, auto and other loans more expensive.
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