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Home > public sector banks
public sector banks
"Financial sector fragilities continue to weigh on India's economic growth momentum, with the high level of non-performing loans on the balance sheets of the public sector banks constraining their new lending," IHS said.
Financial sector fragilities taming growth
09 Dec 2019 2:26 AM

For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.

An entity holding over 10 per cent in an insurance company is categorised as a promoter while one holding below that limit is termed as an investor.  (Photo: ANI)
PSBs may get nod to hold over 10 per cent in two insurers
07 Dec 2019 2:28 AM

Breather for public sector banks post-amalgamation.

As per the data released, banks have given Rs 27,225 crore as home loan, Rs 11,088 crore as vehicle loans and Rs 1,111 crore as education loan during the two months.
Public sector banks disburse Rs 4.91 lakh cr loan during Oct-Nov
03 Dec 2019 7:42 PM

Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.

PNB holds around 30 per cent stake in PNB MetLife India Insurance as a promoter and OBC holds 23 per cent stake in insurance joint venture—Canara HSBC Oriental Bank of Commerce Life Insurance Company. Following the merger, which will come into effect from April 1, 2020, PNB will take over OBC and United Bank.
Public sector banks told to outline insurance JVs’ future
03 Dec 2019 1:54 AM

Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.

Former RBI governor C Rangarajan.
Not through bonds, only cash, says Rangarajan on banks recapitalisation
29 Nov 2019 3:28 PM

The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.

Finance Minister Nirmala Sitharaman
Call to exempt banks from deposit cover
19 Nov 2019 2:04 AM

AIBEA says banks waste a huge sum on this.

All India Bank Officers' Confederation joint general secretary Sanjay Das said reducing the government's stake in PSBs to below 50 per cent to take the bankers out of CVC ambit is no panacea. (Photo: Representational)
Diluting govt stake below 50 per cent in PSBs no solution: Unions
01 Nov 2019 2:21 PM

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

As a result, normal banking activity would not be affected.
Bank unions defer 2-day strike; operations to be normal on Sep 26-27
24 Sep 2019 8:59 AM

Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against merger.

Finance Minister Nirmala Sitharaman.
Sitharaman to hold review meeting with public sector banks today
19 Sep 2019 8:51 AM

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

We have to go to board first...there is a process to follow. In the next few months, boards of both banks should complete the process. I expect that all the process should ideally be over by March 31, said Indian Bank Managing Director Padmaja Chunduru.
Indian Bank expects to complete merger with Allahabad Bank by March 31
03 Sep 2019 3:44 PM

Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.

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