NBFCs rally after Govt okays partial credit guarantee scheme for PSBs
Indiabulls Housing gained 8 per cent while Cholamandalam Investment gained 3 per cent.
Govt okays partial credit guarantee scheme for PSBs to buy high rated assets of NBFCs/HFCs
The scheme will help address NBFCs and HFCs resolv...
No job losses post merger of 10 PSBs: Government
In August, the government announced a mega plan to merge 10 public sector banks into four wi...
PSBs disburse Rs 2.4 lakh crore credit in November
A government release said the programme announced in September was meant to improve credit delivery “with particular focus on MSMEs, NBFCs, corporates, retail and agriculture sector borrowers, without compromising prudential lending”.
Loan outreach: PSBs disburse Rs 2.5 lakh crore in October
Under an outreach programme, public sector banks disbursed as much as Rs 2.53 lakh crore in one month.
PSBs report fraud of more than $13 billion in 6 months
PSBs reported 5,743 cases of fraud in 6 months, most of which had taken place over the last several years.
Public Sector Banks reported frauds of over Rs 95,700 cr in Apr-Sep
Government owned banks reported frauds of over Rs 95,700 crore in the first six months of the current fiscal, the Parliament was informed on...
2020 may see PSBs leading from the front, pharma outperforming: Sanjiv Bhasin
Discretionaries like auto and select other FMCG stocks could also be outperformers in 2020.
Diluting government stake below 50 per cent in PSBs no solution: Unions
Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs that has been weakening the financial health of the PSBs.
Over 3,400 branches of 26 PSBs closed or merged in last 5 years: RTI
To a query under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) informed that 26 PSBs of the country either closed or merged 90 branches during FY 2014-15, 126 branches in 2015-16, 253 branches in 2016-17, 2,083 branches in 2017-18 and 875 branches during 2018-19. Of this, 75 per cent of the affected branches belong to SBI.
Four PSBs carry on their search for CEOs
The searches commenced before FM Nirmala Sitharaman announced the amalgamation in August, bringing down the total number of state-run banks to a dozen from 27 in 2017.
PSBs start giving loans based on customers’ risk profile
Bank of Baroda, Union Bank, Syndicate Bank roll out differential rates based on Cibil scores
Wadhawans didn't repay 4 other banks, three of them PSBs
The Wadhawans, HDIL and its subsidiaries had borrowed Rs 4,355 crore from the bank between 2008 and 2019 but failed to repay outstandings.
Will the merged PSBs be the building blocks for $5 trillion economy?
Merger without a reduction in government interference is unlikely to bring professionalism and efficiency in public sector banking.
Ahead of festive season, PSBs to go on lending spree
“… for every one customer who wants a loan, please give him, but for every one who you give now, you will bring five newer ones, fresh, somebody who has never taken a loan from a bank,” Sitharaman said.
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