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Total 329 results found. Search for [ PSB ]

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BusinessToday.In
New Delhi, February 10, 2020
Centre on August 30 last year announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017. The move was aimed at making state-owned lenders global sized banks


PTI
New Delhi, February 9, 2020
Creation of global sized banks through consolidation will facilitate Modi government's resolve to make India a USD 5 trillion economy by 2024-25, says Minister of State for Finance Anurag Singh Thakur


BusinessToday.In
New Delhi, February 6, 2020
\"One of the challenges before public sector banks in the near future is the merger of the bank...IT merger needs to be handled very carefully,\" says Kumar


Anand Adhikari
New Delhi, February 4, 2020
\"Reduction of corporate tax rate is a first supply side move to get private investment back; for many years, India was disproportionally dependent on consumption driving economic growth and not investment. On demand side, we need to get more confidence,\" says Kotak


BusinessToday.In
January 31, 2020
Budget 2020: Banks and other leading financial institutions are hoping Modi government will announce measures that can revive credit and access to funds


Anand Adhikari
January 24, 2020
The last six months have seen delays in top-level appointments in PSBs, state insurance companies and the RBI. These institutions need leaders in place for acting fast on integration, re-strategising and also digitalisation


Anand Adhikari
New Delhi, January 7, 2020
Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI


BusinessToday.In
New Delhi, January 7, 2020
PM Modi holds meet with Indian business leaders; Ambani, Tata, Adani attend eventPrime Minister Narendra Modi on Monday interacted with India's top business stalwarts and discussed how to improve economic growth and create new job opportunities. The meeting was attended by top businessmen like Ratan Tata (Tata Sons), Mukesh Ambani (Reliance Industries), Anand Mahindra (Mahindra & Mahindra), Gautam Adani (Adani Industries), Sunil Mittal (Bharti Airtel), Anil Agarwal (Vedanta), ...


BusinessToday.In
January 6, 2020
Bank strike: The State Bank of India (SBI) has said that it expects a minimal impact of the bank strike on its operations, whereas Bank of Baroda fears the strike will affect its functioning


BusinessToday.In
New Delhi, January 6, 2020
Finance Minister Nirmala Sitharaman on Sunday said the Centre has taken steps to address the challenges faced by various sectors without waiting for the Budget; State-owned Bharat Sanchar Nigam Ltd has submitted details of 14 properties worth Rs 20,160 crore to the Department of Investment and Public Asset Management (DIPAM) as part of the telecom corporations' ambitious asset monetisation plans, according to its Chairman; Cyrus Mistry has said that he is not pursuing the position of Tata Sons' executive chairman, the office he was unceremoniously terminated from in October 2016, or directorship of any of the Tata group companies. This and more news on News Blast.


PTI
January 5, 2020
Budget 2020: Banks have robust pipeline of recovery from the resolution of both NCLT and non-NCLT cases during this calender year and also headroom for raising capital from the market


BusinessToday.In
December 28, 2019
Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association under the policy of the Department of Financial Services, Ministry of Finance to provide a platform to provide details of mortgaged properties to be auctioned online by Banks, starting with PSBs


Reuters
New Delhi, December 28, 2019
State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI says


Anand Adhikari
Mumbai, December 28, 2019
This is primarily due to change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, RBI said in its Financial Stability Report


Anand Adhikari
New Delhi, December 26, 2019
After seven long years of deterioration in asset quality, especially of corporate loans, banks are looking forward to a clean slate to start with


BusinessToday.In
New Delhi, December 23, 2019
CRISIL will resolve the rating watch once clarity emerges, post-merger completion, on the merged entity's business and financial profile,says CRISIL


PTI
New Delhi, December 9, 2019
PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, said Minister of State for Finance Anurag Singh Thakur in Parliament


PTI
New Delhi, December 8, 2019
United Bank of India MD and CEO Ashok Kr Pradhan says the sovereign status of the amalgamated entity will not be diluted as government holdings in these banks are very high


Anand Adhikari
New Delhi, November 27, 2019
High level of slippages is making the Reserve Bank of India jittery. RBI Governor Shaktikanta Das had earlier advised banks to be cautious and prudent in lending to small borrowers


PTI
New Delhi, November 26, 2019
In 2017-18, the 18 public sector banks collected Rs 3,368.42 crore by levying minimum balance penalty


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