public sector banks - Latest News, Analysis, Opinion

The MD and CEO of Canara Bank, L V Prabhakar attended the award ceremony held on December 1, 2022 in London

FM Appeals PSBs To Give Easy Loans To Kisan Credit Card Holders

The Finance Minister had a long conversation with the Chief Executive Officers (CEOs) of public sector banks a few days ago

Public Sector Banks Are Hiking Loan Interest Rates In September

Canara Bank on Tuesday has increased the benchmark marginal cost of funds based lending rate (MLCR) by up to 0.15 per cent

Finance Ministry Examines Performance Of PSU Banks

Public sector banks (PSBs) were reviewed by the Finance Ministry on Tuesday in light of first-quarter numbers and asked to increase lending to productive sectors

Profit Of Public Sector Banks Rises 9% To Rs 15,306 Cr In June Qtr

MTM losses occur when the financial assets held are valued by the market at a price lower than the purchase price

FinMin Asks PSBs To Expedite NPA Resolution; Focus On Credit Growth

During the Iconic Week celebration of the finance ministry earlier this month, banks conducted outreach programmes across the country where eligible borrowers have sanctioned loans on the spot

Frauds In Public Sector Banks Fall 51% But Not Falling Fast Enough: RBI

The 12 PSBs (Public Sector Banks) had reported frauds worth ₹ 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an application under the Right to Information (RTI) Act

LIC IPO: FinMin Prohibits Transfer Of Associated Bank Employees

The Finance Ministry has issued a directive related to employees to the heads of public sector banks. In this direction, it was said that banks associated with LIC IPO should not be transferred till May 15

FinMin Urges PSBs To Soar Up Balance Sheet; Raise Capital From Market

During the meeting with top executives of PSBs at Manthan 2022, Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including profitability

FM To Meet PSBs' Heads On April 23 To Nudge Them For Credit Expansion

This is the first full review meeting after presentation of Budget 2022-23. Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy, sources said. According to sources, there would be a comprehensive review of various segments and progress in government schemes including Emergency Credit Line Guarantee Scheme (ECLGS)

PSBs Sufficiently Capitalised: Bhagwat Karad

The government infused about Rs 3 lakh crore in public sector banks between 2017-18 and 2021-22

No PSB Employees Found Involved In ABG Shipyard Fraud Case: Sitharaman

Sitharaman said that post-failure of the CDR and classification of the account as NPA, the lender banks appointed EY to conduct a forensic audit of the company. The agency had submitted the forensic audit report (FAR) in January 2019

Fitch Ratings Report Shows State-owned Banks Booking Better Profits In Next Fiscal

Noting that regulatory forbearance has suppressed state-owned banks' immediate capital requirements by deferring recognition of stressed loans, the report said private banks are most competitive on this front, too

FinMin Sitharaman Chairs Review Meeting With Heads Of Public Sector Banks