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Latest Articles in public sector banks

This Govt. Is Clueless, My Advice Is Borrow And Spend-- P. Chidambaram

The economic growth statistics of the last financial year underplay some economic indicators like FDI and GST collection. The GDP numbers released by the National Statistical Office (NSO) show a 7.3 per cent contraction of the Indian economy over FY2020-21 ‒ the worst in over 40 years. Along, we must subject FDI to a closer analysis. Where are we headed in terms of economic planning and how do we reorient our growth story? And, crucially, what about India's youth dividend turning in bubble? Former Union Finance Minister and Congress member of Parliament, P. Chidambaram discusses these and other lacunae in planning with BW Businessworld’s Manish Kumar Jha.

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Atal Pension Yojana Crosses Over 3 Cr Subscriber Base By Mar; 79 Lakh New Additions In FY21

Pace of enrolments has been encouraging especially in the second half of 2020-21 as it took less than six months to enrol 50 lakh new APY subscribers to reach 3 crore enrolments from 2.5 crore enrolments

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NITI Aayog To Finalise Names Of 2 Public Sector Banks For Privatisation Soon

NITI Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22.

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PNB Enhances Presence In North-East Region

PNB has been assisting stressed MSMEs in line with its traditional role of supporting the Indian entrepreneurial spirit while maintaining a thrust on being the leader in supporting rural areas and the agriculture sector

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Govt-Owned Bad Bank Is More Capital Efficient, Can Massively Lower Credit Charge: Report

The capital requirement of the ARC will depend on whether it is asked to maintain a CRAR of 9 per cent of RWA as applied to banks or 15 per cent as applied to NBFCs.

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All About Privatization of PSBs

The Finance Minister’s budget speech did include the paragraphs regarding the government's intent to undertake the privatization of select PSBs.

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Consumer, personal loans bolstered Fintech lending in FY 2021: Equifax SIDBI Fintech Pulse

Consumer, personal loans bolstered Fintech lending in FY 2021: Equifax SIDBI Fintech Pulse

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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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