Finance Ministry may finalise additional fund needs for banks in 3 months

Last Updated: Sunday, June 14, 2015, 11:04

The Finance Ministry is likely to finalise additional capital requirement, over and above budget provision of about Rs 8,000 crore, for public sector banks in the next three months.

Interviews for CEO posts at 5 large PSU Banks start from Monday

Last Updated: Sunday, June 14, 2015, 10:49

As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.

FM Jaitley's plain speak with banks, asks them to cut rates

Last Updated: Friday, June 12, 2015, 18:33

"The Finance Minister asked the CEOs of both the public and private banks to effect a corresponding rate cut of 75 basic points in response to RBI rate cut of same basis points since January," an official statement said.

FM Jaitley promises additional capital for PSU banks

Last Updated: Friday, June 12, 2015, 17:03

"Banks have made a strong case for additional capital... And over the next few months, this is something the government is going to seriously look at," Jaitley said after meeting heads of PSU banks here.

Greater rate cuts by banks in offing: FM Jaitley

Last Updated: Friday, June 12, 2015, 16:51

An assurance to this effect was given by the bank chiefs at a meeting where their financial performance and other parameters, including transmission of the RBI rate cuts, were reviewed, Jaitley told reporters after the meeting.

Finance Minister to meet heads of PSU banks tomorrow

Last Updated: Friday, June 12, 2015, 12:37

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.

Arun Jaitley to meet heads of PSU banks Friday

Last Updated: Thursday, June 11, 2015, 20:01

Finance Minister Arun Jaitley will meet the heads of PSU banks Friday to review their performance and bad loans situation as also to persuade them to pass on RBI's rate cut benefit to borrowers for propping growth.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

Last Updated: Thursday, June 11, 2015, 18:06

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

RBI seeks more funds for recapitalisation of banks

Last Updated: Thursday, June 11, 2015, 17:44

The Reserve Bank Thursday said Rs 7,940 crore earmarked for recapitalisation of PSU banks in the current fiscal is not adequate and has asked Finance Ministry to increase the quantum of assistance in view of mounting bad loans and to support growth.

RBI for better strategies to deal with problem of bad loans

Last Updated: Thursday, June 11, 2015, 15:08

Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.

RBI allows banks to takeover ownership of stressed firm

Last Updated: Monday, June 8, 2015, 21:50

Providing more teeth to lenders, RBI Monday allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe.

FM Jaitley to meet heads of PSU banks this week

Last Updated: Sunday, June 7, 2015, 14:27

The meeting will review credit offtake and the progress made under the Jan Dhan Yojana and Prime Minister social security scheme among other things, sources said.