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Consortium of PSU banks agrees to infuse funds for completion of stalled Amrapali projects: SC told

November 13, 2021 9:06 pm

On the occasion of Diwali, 150 flats completed by National Buildings Construction Corporation (NBCC) in a stalled project of Amrapali were given to the homebuyers in a small ceremony organised with the help of court receiver.

PSU banks likely to get capital support in Q4 to meet regulatory requirements

October 21, 2021 5:54 pm

The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for the capital infusion in the state-owned banks.

Public money 'extremely safe' in PSU banks: Finance Minister Piyush Goyal

June 19, 2018 6:25 pm

"Public money is extremely safe in PSU banks. Government stands behind them 100 per cent," Piyush Goyal said. He stated however that he was not "sure" as to how safe the public money is with private companies which have huge income tax dues.

PNB to Nirav Modi: Come up with concrete, implementable plan to repay dues

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February 20, 2018 12:00 am

A process of virtual de-nationalisation of PSU banks, at least at the operating level, has to be the first step

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10-year review of PSU banks’ equity return: Profitability fails to keep pace with govt capital infusion

July 25, 2017 3:00 am

Profits deteriorated sharply in the last two years as NPAs spiked and the RBI-mandated asset quality review forced them to make higher disclosures of non-performing loans.

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RBI to slap higher provisioning for large corporate borrowers

May 13, 2016 2:08 am

The higher provisions are expected to make loans costlier for large borrowers which have fund based credit limit of over Rs 25,000 crore in 2017-18 and Rs 15,000 crore in 2018-19.

Deepak Parekh on clean-up of PSU Banks: Too much anesthesia can turn patient comatose

February 18, 2016 1:52 am

Parekh called for a total overhaul of the public sector banks allowing the entry of right talent, prospective new investors and the Bankruptcy Code.

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Open to diluting stake in state-run banks to 52%: Arun Jaitley

December 25, 2015 11:38 pm

Jaitley said the government is making all efforts to give a final shape to the Banks Board Bureau (BBB) so that all other personnel-related decision with regards to the banks can also be professionalised.

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More funds for PSU Banks: FinMin lays out Rs 70K-crore capital infusion plan

August 01, 2015 2:12 am

PSBs’ extra fund needs pegged at Rs 180K cr by 2019.

SBI officials in race for PSB top posts

June 23, 2015 2:44 am

For the first time, senior SBI officials were called in for interviews for MD & CEO posts in PSU banks.

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Two-day bank strike ends; unions warn of intensifying stir if govt goes ahead with privatisation of PSBs

March 16, 2021 11:08 pm

The United Forum of Bank Unions (UFBU), consisting of nine bank unions, had given the strike call to protest against the government's decision to privatise two more public sector lenders.