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Latest Articles in public sector banks

PSBs Recover More Than Rs 5.49 Tn Over Last 7 Fiscal Years, Says FM In LS

The government has taken comprehensive steps to reduce NPAs and to effect recovery, enabling public sector banks to recover more than Rs 5.49 trillion over the last seven fiscal years

PSBs have done very well, they’re showing clear profits: FM Sitharaman

Arjun Yadav

Banking & Finance Banking

Banks to go for second credit outreach in all districts of the country from October

Finance Minister To Meet PSB Heads; First Physical Review Meet Since COVID Outbreak

BW Online Bureau

Banking & Finance

Sitharaman said that the Union Government is all set to do anything that is needed to revive and support the Coronavirus pandemic hit economy, hence this meeting is considered to be crucial.

Banks Board Recommends 10 Names For Exec Director Posts In PSU Banks

BW Online Bureau

Banking & Finance

The Banks Board Bureau interfaced with 40 candidates from various public sector banks over a period of two days for the posts of Executive Directorin PSBs, the Bureau said in a notification.

IDBI Bank Strategic Sale: Govt Invites Bids From Merchant Bankers, Legal Firms

BW Online Bureau

Companies & Markets

The transaction advisor will also assist in preparation of all documents like Preliminary Information Memorandum (PIM), organise roadshows to generate interest among the prospective buyers and suggest measures to fetch optimum value.

Sebi Exempts Heineken International From Open Offer Obligation In UBL Case

BW Online Bureau

Companies & Markets Sector Reports

The exemption is subject to certain conditions, including the proposed acquisitions should be under the relevant provisions of the Companies Act, 2013 and other applicable laws.

Canara Bank To Be Lead Sponsor Of Bad Bank, To Pick Up 12% Stake

BW Online Bureau

Companies & Markets

Finance Minister Nirmala Sitharaman in Budget 2021-22 announced that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books.

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

Manish Kumar Jha

Economy Policy

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.

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

BW Online Bureau

Economy India

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

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

BW Online Bureau

Companies & Markets

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.

PNB Enhances Presence In North-East Region

BW Online Bureau

Banking & Finance

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

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

BW Online Bureau

Banking & Finance Banking

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.