PSU banks

PSU banks News

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

"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.

Ease of doing scams

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

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.

RBI to slap higher provisioning for large corporate borrowers

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

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

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

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

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

SBI officials in race for PSB top posts

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

PSU banks get 5 more executive directors

The government has already appointed 10 GMs as EDs last week against 12 vacancies of EDs.

A capital strategy

New approach on capital infusion is welcome. Now, government must lay out a roadmap for public banks.

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