Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

All-out efforts on to bring down PSU banks' NPA: Jaitley

Last Updated: Friday, August 21, 2015, 14:27

Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.

Govt issues norms for selection of CEOs of smaller PSBs

Last Updated: Thursday, August 20, 2015, 19:57

As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.

Payments banks pose risk to public lenders market share: Fitch

Last Updated: Thursday, August 20, 2015, 12:23

The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.

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.

No more hiring from private sector for PSB top jobs: FinMin

Last Updated: Sunday, August 16, 2015, 19:06

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry Sunday said further such hiring of CEO and Managing directors in banks would be from existing public sector talent pool and not from outside.

Public sector banks get revamp plan, political interference to be checked: FM

Last Updated: Friday, August 14, 2015, 19:38

The government has decided to inject Rs 70,000 crore in PSBs in four-year period starting this fiscal with Rs 25,000 crore.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

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.

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.

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".

Capital infusion cannot be an endless ritual: House Panel

Last Updated: Friday, July 31, 2015, 21:56

Pulling up public sector banks, the Standing Committee on Finance on Friday said they should generate funds internally for their recapitalisation instead of depending on budgetary support as it cannot be an "endless ritual".