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Latest Articles in public sector banks

Indian NBFCs' asset quality remains vulnerable: Moody's

Indian NBFCs' asset quality remains vulnerable: Moody's

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PSBs not going to raise bank charges in near future, says Finance Ministry

No service charge is applicable on the 60.04 crore Basic Savings Bank Deposit (BSBD) accounts, including 41.13 crore Jan Dhan accounts opened by the poor segments of the society, as per the statement.

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SC dismisses plea seeking to direct PSBs to invoke personal guarantees of defaulters

SC dismisses plea seeking to direct PSBs to invoke personal guarantees of defaulters

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Downgrades Indian Banking Outlook To Negative For H2

Ind-Ra maintained a stable outlook for private banks as they are better placed to withstand the challenges presented by the pandemic.

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Divestment Of Majority Sovereign Ownership In Public Sector Banks To Be Credit Negative For These Psbs: ICRA

As per ICRA’s estimates, cumulatively these banks reported losses of Rs 1.08 trillion during FY2016-FY2020 and GoI had to infuse Rs 766 billion of capital during this period.

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Large, Mid-Sized Indian Private Banks To Gain More Market Share: Fitch

Private banks have had a decade of strong growth, reflected in much higher loan compound annual growth rate of 19.6 per cent compared with state banks' 8.5 per cent

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PSBs To Need Capital Up To Rs 2.1 trn Over Next 2 yrs; Govt Support To Continue: Moody's

PSBs dominate India's banking system, meaning any failure could jeopardize financial stability, Anbarasu added.

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Loans Worth Rs 1 Lakh Crore Disbursed Under ECLGS To Offset COVID-19 Distress

Private sector banks have sanctioned loans of Rs 74,715.02 crore of which Rs 45,762.36 crore has been disbursed.

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Total Amount Sanctioned Under National Credit Guarantee Stands At Rs 1,43,318.09 Cr: Sitharaman

"Under the 100 per cent ECLGS, the loan amounts sanctioned by Public Sector Banks increased to 74,502.85 crores, of which Rs 54,677.11 crore has been disbursed as of 12 Aug 2020,"

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PSBs To Purchase NBFC Bonds/CPs Worth Rs 14,667 Cr Under Extended PCGS: FM Sitharaman

Of this amount, Rs 6,845 crore is for bonds and commercial papers rated below AA which will provide liquidity support to NBFCs with lower-rated bonds and commercial papers,

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NPAs Of PSBs Stands At Rs 7.27 Lakh Crore

Union Minister of State for Finance Anurag Thakur also said in Lok Sabha that scheduled commercial banks and select financial institutions have reported frauds to the tune of Rs 1,13,374 crore in the first half of the current financial year.

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Nation-Wide Strike Impacts Banking Services At PSU Banks

Branches in several parts of the country remained closed and some of the ATMs also went dry, according to reports coming various parts of the country.

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Bank Credit Growth Moderated To 7.1%

Public sector banks (PSBs) with about 70 per cent of the market share in Indian banking have an onus of supporting the Indian economy and fostering its economic development.

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Government Puts In Place Measures To Protect Commercial Decision-Making By Banks

The government has also modified its 2015 framework on large-value frauds doing away with the personal responsibility of MDs and CEOs of public sector banks.

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India's Financial System Remains Stable Despite Weak Growth But Risks Persist: RBI

The resilience of the banking sector has improved following the recapitalisation of Public Sector Banks (PSBs) by the government.

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