Psb Crisis
Public sector banks shut down 2,044 branches in FY22, says AIBEA report
Indian government-owned banks saw a reduction of 2,044 branches and about 13,000 employees in 2022 over the previous year, a major bank employees union said in Sunday.
 "Public sector banks shut down 2,044 branches in FY22, says AIBEA report")
Letter to BS: Revamping governance in PSBs not as simple as it looks
The position they find themselves in is a result of politically induced, management neglected, reckless lending in the last few years
 "Letter to BS: Revamping governance in PSBs not as simple as it looks")
Abhijit Banerjee's idea of privatisation won't end PSBs' NPA woes: Unions
Instead, the unions said, ensuring 'proper governance in the system' and 'removing political interference' will address the problem of NPAs
 "Abhijit Banerjee's idea of privatisation won't end PSBs' NPA woes: Unions")
Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs
Department of Financial Services Secretary Rajiv Kumar expressed confidence that PSBs will come out of the PCA this fiscal year
 "Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs")
Instead of creating Bad Bank, govt should help PSBs resolve their NPAs
Otherwise, the government would be party to the exceptionalism of Indian PSBs and taxpayers would continue to pay for the lack of due diligence in assessing credit risk in recovering huge unpaid debts
 "Instead of creating Bad Bank, govt should help PSBs resolve their NPAs")
Street continues to be wary of PSBs
Lingering concerns over asset quality and lack of clarity on a capital infusion plan are seen as the reasons
 "Street continues to be wary of PSBs")
PSB crisis: Strengthening India's banks
The government needs a clear vision for the future of India's banking sector, one in which state-owned banks play a smaller role
 "PSB crisis: Strengthening India's banks")
