PSBs News

Govt appoints 3 non-executive chairpersons for public sector banks

The appointments come at a time when both Dena Bank and Central Bank of India are under the prompt corrective action (PCA) framework of the Reserve Bank of India

Arvind Panagariya makes strong case for privatisation of PSBs

"I firmly believe that privatisation of all PSBs except perhaps the State Bank of India should be on the election manifestos of all parties who wish to present themselves as serious candidates to form the government in 2019," Arvind Panagariya said


Finance Ministry gives 15-day deadline to public sector banks for identifying risks

On Monday evening, scam-hit Punjab National Bank said that the amount involved in the fraudulent transactions could increase by $204.25 million from the earlier estimate of $1.77 billion.

Finmin widens monitoring of NPAs at public sector banks to top 50 accounts

FinMin also asks lenders to submit action-taken report for such accounts as in Dec 2013.

'PSBs must generate funds internally for re-capitalisation'

Committee: Form holding company to meet long-term capital needs.

Top 30 NPAs of PSBs account for one-third of total bad loans

Top 30 loan defaulters of SBI Group had a loan outstanding of Rs 15,266 crore or 21.3 per cent of the total loan.


Laundering charges: PSBs,LIC suspend 15 officials

In total,action has been initiated against 31 officials: finance ministry

Finance ministry to meet bank EDs on May 8

The finance ministry has called a meeting with officials of public sector banks later this week,following the RBI’s annual monetary policy.

PSBs to scrap home loan foreclosure fee

The step is quite welcome as far as home loan borrowers are concerned.

'Corp Bank best PSB; BoB staff vapid'

Bank of Baroda ranks the lowest in employee productivity among public sector banks.