public sector bank

public sector bank News

Mumbai: Bank’s branch head, 5 others get life for faking documents to avail Rs 1.5 crore loan

The loan was disbursed to father-son duo Manoharlal and Amit by Bank of India’s Mandvi branch between 2000 and 2003 for business purposes and daily running of their partnership firm, Swift Service Lining.

PSBs’ second quarter provisions 1.5 times their operating profit

In the September quarter of FY19, the same set of public-sector banks (PSBs) had notched up a provisioning burden worth 1.4 times their operating profit.

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Jaitley asks bank employee unions to withdraw strike call

The strike, if it goes through, would impact crucial fund transfers during the time of the presentation of the Union Budget 2015- 16 on February 28.

PNB posts sharp rise in non-performing assets, stock tanks 7.94%

Net interest income remained almost flat at Rs 4,233 crore during October-December quarter compared to Rs 4,221 crore in same quarter last year.

State-owned banks may lose Rs96K cr on coal block cancellations

The Supreme Court in September had cancelled allocation of 204 coal mines that were given out since 1993 on grounds of irregularities.

RBI says govt should not own banks, FinMin agrees

Government says can provide capital only up to a limited extent.

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Critical vacancies in regulatory posts stare at the new govt

There are 19 such positions that have become vacant or are due to become soon in the 14 key financial and real sector regulators.

Public sector banks field brand ambassadors to take on bad loans

Sachin Tendulkar was the brand ambassador for Royal Bank of Scotland in 2008.

Fifty companies owe more than Rs 40,000 crore to banks

RBI Dy Governor KC Chakrabarty has criticised approach of banks in handling bad assets.

SKS completes securitisation transaction worth Rs 321 cr

The transaction has been rated A1+ (SO) by a leading rating agency.

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