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Mumbai, October 31, 2014
FM Arun Jaitley in the Budget speech had said that \"to be in line with Basel-III norms there is a requirement to infuse Rs 2,40,000 crore as equity by 2018 in our banks.

Mumbai, September 15, 2014
\"By all means, the public sector banks are there to undertake social actions when necessary but those mandates should be backed by financial gains,\" RBI Governor said.

New Delhi, August 5, 2014
Noting that rise in non-performing assets (NPAs) of PSBs was a matter of concern, Minister of State for Finance Nirmala Sitharaman said that \"although the gross NPAs have increased at system level, the gross NPAs ratios of banks do not indicate any systemic vulnerability.\"

Mumbai, June 19, 2014
\"We expect public sector banks' (PSBs) gross NPAs to remain at 4.4-4.7 per cent by March 2015 as against 4.4 per cent as on March 2014,\" Icra Senior Vice-President and Co-Head (Financial Sector) Vibha Batra told reporters in a webinar at Mumbai on Thursday.

New Delhi, June 13, 2014
State-owned Indian Overseas Bank (IOB) said it has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal.

R. Raghuttama Rao
June 4, 2014
It is important that a few pressing issues in key sectors are addressed on a priority basis by the government, so that the investment and consumption sentiment in the country is boosted and economic growth can be revived.

Mail Today Bureau
New Delhi, May 21, 2014
Reserve Bank governor Raghuram Rajan said public sector banks can become more competitive by distancing themselves from government influence.

New Delhi, May 20, 2014
The RBI Governor said a number of eminently practicable suggestions have been made to reform PSBs, such as creating a holding company to hold government PSB shares, increasing the length of PSB CEO tenures, breaking up the position of Chairman and CEO and bringing more independent professionals on bank boards, among others.

M. .S Sriram
May 20, 2014
The Nayak Committee Report terms encompass all categories of banks and if its recommendations are implemented, it would fundamentally change the face of state owned banks, while making incremental changes in the governance of private banks.

New Delhi, May 13, 2014
Finance minister P. Chidambaram said the \"promoter is prosperous but company is sick\" is not an acceptable position, and asked banks to \"form a consortium and take joint action against such defaulters\".

New Delhi, April 24, 2014
To further enhance capital base, the government is planning to make additional infusion of up to Rs 7,000 crore in the public sector banks during the current fiscal.
April 3, 2014
Last month also the bank raised Rs 500 crore from bonds. PNB also got capital infusion of Rs 500 crore from the government during 2013-14.

New Delhi, March 29, 2014
\"Rising NPAs in PSU banks are a concern...Here in India, especially in PSBs, not in private banks, we have growing NPAs. Hopefully, it will stabilise. It has become somewhat an issue,\" he said at an event in New Delhi.

BT Online Bureau
February 17, 2014
Amid constant interruptions by some members, Finance Minister P. Chidambaram presented the interim budget for 2014-15 in the Lok Sabha.

Kartikeya Sharma
New Delhi, January 13, 2014
Public sector banks (PSBs) have registered a massive increase in non-performing assets (NPAs). The Standing Committee on Finance is all set to examine the reasons for high NPAS in PSBs, including bigger banks like State Bank of India (SBI) and Punjab National Bank (PNB).

New Delhi, December 11, 2013
RBI governor Raghuram Rajan said there was a need to ensure that the system recognises financial distress and provide for fair recovery of loans in the interest of lenders and investors.

Mumbai, November 19, 2013
The women self-help groups will get benefit of interest subvention scheme under the Swarnajayanti Gram Swarozgar Yojana Aajeevika scheme.

Mumbai, August 28, 2013
Government may consider reducing its stake in state-run banks to even below 51 per cent as an option for raising funds and easing fiscal burden, RBI said in a discussion paper.

New Delhi, December 20, 2012
The unions decided to go ahead with the strike after the conciliatory meeting with Indian Banks' Association before the chief labour commissioner failed, AIBEA General Secretary C H Venkatachalam said.

New Delhi, December 19, 2012
The major groups interested in seeking new banking licenses, whenever RBI decides to give them, include Anil Ambani-led Reliance Group, financial services conglomerate Religare group, Larsen & Toubro and Shriram group.

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