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Total 5919 results found. Search for [ Public sector bank ]

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BusinessToday.In
May 10, 2021
PNB board passed a resolution related to approval and adoption of the Preliminary Placement Document dated May 10, 2021, and the application form dated May 10, 2021 in connection with the QIP


PTI
May 9, 2021
The government consolidated ten PSU banks into four in the last financial year, bringing the number of nationalised banks to 12.


PTI
May 7, 2021
The three CEOs- Sunder Pichai from Google, Punit Renjen from Deloitte, and Shantanu Narayen from Adobe have been active in organising US companies' response to the COVID-19 crisis in India


PTI
May 6, 2021
If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans


BusinessToday.In
May 6, 2021
Report says second wave can lead to potentially larger impact on work, incomes, food security, health and education because it's coming on the back of depleted savings, debt, and reduced fallback options


BusinessToday.In
May 6, 2021
RBI Governor Shaktikanta Das announced had a Rs 50,000 lending programme to ramp up COVID-19-related healthcare infrastructure amid massive second wave ravaging India


BusinessToday.In
May 5, 2021
The extent of respective shareholding to be divested by the Government of India and LIC shall be decided at the time of structuring of transaction in consultation with RBI.


Anand Adhikari
New Delhi, May 3, 2021
The two-decade-old asset reconstruction industry with over two dozen players will now have the first public sector Asset Reconstruction Company ( ARC), to be set up by the state-owned banks. The government felt the need for setting up a new ARC to clean up the books of the public sector banks (PSBs), which are saddled with bad loans. While more players in the bad loan market are always welcome, there is also a need for empowering the ARCs for faster resolution. The recovery track record of existing private ARCs is not very encouraging. Partly, capital constraints come in the way. The regulatory framework, which restricts ARCs in many areas, is also one of the reasons for ARCs to grow and resolve the bad loans.  In a timely move, the RBI has decided to review the existing legal and regulatory framework. Anand Adhikari, Executive Editor, Business Today shares a checklist of measures and regulatory relaxations that are a must for making ARCs more effective.Also Read: Maintain business resilience, manage risks wisely: RBI Guv tells NBFCs


Anand Adhikari
April 29, 2021
There are over a dozen ARCs in the private sector, though only 3-4 dominate the bad loan resolution business; more freedom and flexibility is needed to strengthen them


Rajeev Dubey
New Delhi, April 29, 2021
As unsuspecting Central and state governments wound up the massive emergency Covid-care hospitals across the country in January and February, they had no inkling that Covid-wave II was already building up across the country


Anand Adhikari
New Delhi, April 29, 2021
Unsecured personal loans, credit cards, business banking, and MSME loans are emerging as new breeding ground for banks NPAs. How serious is the problem?


Joe C. Mathew & Ashutosh Kumar
New Delhi, April 29, 2021
With India firmly in the grip of the second Covid wave, the much-expected catapult from a buoyant Q1 is unlikely. How should the Centre steer a slowing economy?


BusinessToday.In
April 28, 2021
To avoid such frauds, State Bank of India (SBI) has warned its customers against scanning QR codes unless the objective is to make a payment


BusinessToday.In
April 22, 2021
India's rating balances a still strong medium-term growth outlook and external resilience from solid foreign-reserve buffers, against high public debt, a weak financial sector.


Nevin John
April 22, 2021
India recently advised public sector crude refining companies to scale up imports from US and Africa following Saudi's decision to raise OSP of oil shipments to Asia in May


PTI
April 19, 2021
Securitisation volumes in January-March surged to around Rs 40,000 crore, the highest in all the quarters of the 2020-21 fiscal, says a report. Despite this rise, securitisation volumes closed below the psychological Rs 1 lakh crore mark in 2020-21


Reuters
April 18, 2021
Officials from the central bank, People's Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon's exit from the company was discussed


Anand Adhikari
New Delhi, April 14, 2021
The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap


PTI
April 11, 2021
Addressing the 20th foundation day of Bandhan Bank, the non-profit-turned-MFI-turned-small finance bank, on Sunday, Banerjee said there is no data and no empirical evidence anywhere to establish the ideology that getting freebies or getting free assets make the poor people lazy


PTI
April 11, 2021
The study highlighted that the imposition of service charges resulted in undue collections to the tune of over Rs 300 crore from among nearly 12 crore Basic Savings Bank Deposit Account (BSBDA) holders of SBI during the period 2015-20


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