Capital infusion breather for PSU banks, but not enough: S&P

Last Updated: Wednesday, August 19, 2015, 15:38

Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.

PSU bank stocks in huge demand, BoB up 15% on revamp plan

Last Updated: Monday, August 17, 2015, 19:19

Bank stocks were in huge demand today, surging up to 15 percent, following a slew of reform measures announced in order to revive the fortunes of the public sector lenders.

80,000 officers, staff of PSU banks to retire in 2 years

Last Updated: Sunday, August 16, 2015, 11:06

During the current financial year, 39,756 employees are retiring. This includes 19,065 officers and 14,669 clerks, sources said.

Capital injection key to Basel-III transition of PSBs: Ind-Ra

Last Updated: Friday, August 14, 2015, 21:30

Indian banks may need up to Rs 1 trillion over and above their Basel-III capital requirements to manage the concentration risks arising out of their exposure to highly levered, large stressed corporates, India Ratings and Research (Ind-Ra) said Friday.

In a first, private sector professionals to head BoB, Canara Bank

Last Updated: Friday, August 14, 2015, 20:20

Bank of Baroda and Canara Bank Friday became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.

Govt to inject Rs 20K crore in PSU banks in a month, SBI to get Rs 5K crore

Last Updated: Friday, August 14, 2015, 20:09

Govt will infuse Rs 20,088 crore into 13 PSU banks within a month's time with country's largest lender SBI cornering a hefty Rs 5,531 crore.

No cause of panic or alarm on banking sector situation: FM Jaitley

Last Updated: Friday, August 14, 2015, 16:25

Jaitley further said that the recent initiatives taken by the government has helped fix some issues in PSU Banks.

PSU stocks may gain 30% if Modi follows Gujarat model: Morgan Stanley

Last Updated: Tuesday, August 11, 2015, 18:29

Stocks of public units (PSUs) could be "surprising winners" in three to five years if the Modi government implements structural reforms in state-run companies like he did when he was Gujarat chief minister, according to a report released here today.

Govt to infuse Rs 70,000 cr in PSU banks in 4 years: Arun Jaitley

Last Updated: Tuesday, August 11, 2015, 16:57

Government proposes to infuse Rs 70,000 crore in public sector banks in four years from budgetary allocations, Finance Minister Arun Jaitley said Tuesday.

PSU general insurers on promotion spree, elevates 21 DGMs to GMs

Last Updated: Sunday, August 9, 2015, 13:52

In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.

Govt capital infusion in PSBs credit positive: Moody's

Last Updated: Thursday, August 6, 2015, 17:09

The government is aiming to improve the Tier 1 capital ratios for all PSU banks.

Increase strength of women in PSBs: Parl panel

Last Updated: Wednesday, August 5, 2015, 21:46

A parliamentary panel Wednesday recommended evolving a strategy for women reservation in public sector banks (PSBs) to increase their strength and representation in the banking sector, which it said was "not promising".