Canara Bank ups ATM installation target to 1,000 this fiscal

Last Updated: Sunday, July 26, 2015, 12:38

The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.

RBI's Gandhi asks PSU banks to space out fund-raising plans

Last Updated: Tuesday, July 14, 2015, 15:38

Gandhi said there is a need for banks to shore up their capital in view of the migration to the capital-intensive Basel-III framework over the next four years and added that there are many ways to do so.

IndusInd Bank Q1 net rises 25% on interest, fee income

Last Updated: Monday, July 13, 2015, 20:15

Private sector IndusInd Bank Monday posted a 25 percent rise in its June quarter net profit at Rs 525 crore driven by increase in interest and fee income.

Arun Jaitley says 8-10% growth achievable, tax revenues growing

Last Updated: Sunday, July 12, 2015, 15:57

He also said monsoons are progressing well and there are expectations that "rain gods will be kinder" this year, which would result in higher production of pulses and other items.

PSU banks need higher capitalisation for dealing with NPAs

Last Updated: Monday, July 6, 2015, 15:37

"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said here.

'Challenges for PSU banks remain despite uptick in economy'

Last Updated: Monday, July 6, 2015, 10:22

Fitch Ratings' on Monday said challenges for state-owned banks remain despite improving macro picture.

Union Bank gets shareholder nod to raise up to Rs 3,700 cr

Last Updated: Saturday, June 27, 2015, 18:11

The stock closed at Rs 153.05 on BSE on Friday, down 0.97 percent.

Govt to infuse additional Rs 11,500 crore in PSU banks in FY16

Last Updated: Friday, June 26, 2015, 21:03

Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said Friday.

Finance Ministry assessing capital requirement of PSU banks

Last Updated: Wednesday, June 24, 2015, 19:32

The Finance Ministry has asked public sector banks to submit their immediate and mid-term capital requirement from the government to comply with global capital adequacy norms and also to fund their growth plans.

Public sector banks should disclose details of bad debts: HC

Last Updated: Wednesday, June 24, 2015, 19:29

Public sector banks should disclose details of cases pertaining to persons and establishments whose bad debts of over Rs 100 crore have been written off, the Delhi High Court has held.

Rajan-led panel shortlists 11 for PSU banks MD post

Last Updated: Sunday, June 21, 2015, 16:05

It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.

India's banking norms 'rigorous' than Basel framework: Panel

Last Updated: Monday, June 15, 2015, 21:19

India's banking norms in certain aspects are more rigorous than what has been prescribed under the Basel III framework for capital adequacy, says a report.