PSU News

Size isn’t the issue

Transforming state-owned banks will need radical changes in governance and ownership structures. Consolidation is no panacea.

Public sector banks hopeful of getting out of RBI's watchlist by 2020

The banking sector is grappling with rising NPAs, which touched Rs 8.99 lakh crore or 10.11 per cent of total advances at December-end 2017. Of the total gross NPAs, public sector banks accounted for Rs 7.77 lakh crore.


PSUs may soon be able to share infrastructure, training facilities via portal

A committee comprising of chief executives from central PSUs including BHEL, Hindustan Aeronautics Limited, Indian Oil Corporation, NTPC, SAIL and ONGC will finalise the broad framework of the proposed portal -- Infraa-S.

PSU banks write off Rs 55,356 crore in six months

The write-off in the last six months comes at a time when banks are struggling to resolve many cases of repayment of loans and recover money stuck with corporate defaulters through insolvency proceedings.

Farm loan waiver: States making announcements must generate funds from own resources, says Arun Jaitley

Farm loan waiver: Arun Jaitley's comment comes after Maharashtra CM Devendra Fadnavis announced a total loan waiver for farmers in the state.

Non-performing PSUs bleeding UP's coffers dry: CAG

The CAG noted in its report for 2015-16 that out of 38 non-working PSUs, 12 were in the process of liquidation and the rest had 422 accounts in arrears for one to 33 years.


Govt may allot more than 10 coal mines to PSUs in 2015-16

"The coal ministry is planning to allot more than 10 coal mines to PSUs in the ongoing financial year," a source said.

Band-aid won’t do, banks need deep surgery, says RBI Governor Raghuram Rajan

NPAs largely a governance issue, not ownership: RBI Dy Governor Mundra

N-projects to get equity boost on NPCIL’s JV plans with PSUs

Currently, nuclear power reactors are being funded by a mix of debt and equity and are executed by NPCIL.

Eyeing sell-off target, govt okays 10% stake sale in CIL

Based on CIL’s Wednesday’s closing price, move would help rake in Rs 21,156 cr.