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Psb Reforms

Privatisation a difficult choice for govt: Exit from PSBs roadmap explained

In this podcast, Business Standard's Subhomoy Bhattacharjee explains why the Centre again discussing the topic of government owned bank privatisation and more

Privatisation a difficult choice for govt: Exit from PSBs roadmap explained
Updated On : 20 Oct 2020 | 2:54 PM IST

Merged public sector banks will ensure no disruption to credit flow: FinMin

The merged public sector banks will ensure that there is no disruption to credit flow and customer experience is enhanced, the finance ministry said on Thursday. Ten public sector banks are to be merged into four from April 1. The finance minister is holding meetings with the lenders to review their preparedness. Finance Minister Nirmala Sitharaman on Thursday held meetings with chief executives of these banks, including Andhra Bank, Corporation Bank and Union Bank of India. "Amalgamating PSBs made a presentation to Hon. FM @nsitharaman on their preparedness. Amalgamated PSBs to ensure no disruption to Credit & enhanced customer experience," the Department of Financial Services said in a tweet. The Union Cabinet had last week approved the mega bank consolidation plan under which Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into .

Merged public sector banks will ensure no disruption to credit flow: FinMin
Updated On : 12 Mar 2020 | 8:16 PM IST

PSB Q2 review: NII, net profit improve; experts see higher slippages ahead

Banks may report higher NPAs on account of DHFL, Coffee Day Enterprises, Cox & Kings, and possibly Vodafone Idea in the coming quarters

PSB Q2 review: NII, net profit improve; experts see higher slippages ahead
Updated On : 18 Nov 2019 | 12:40 PM IST

PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank
Updated On : 31 Aug 2019 | 10:48 PM IST

PSBs recover from day's low as reports say govt may announce merger plan

Oriental Bank of Commerce, Central Bank of India, Syndicate Bank and Allahabad Bank were up in the range of 3 per cent to 6 per cent on the NSE.

PSBs recover from day's low as reports say govt may announce merger plan
Updated On : 30 Aug 2019 | 3:29 PM IST

Who wants public sector bank reforms, anyway?

The massive bad loans reflect a breakdown of basic banking

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Updated On : 05 Mar 2018 | 5:54 AM IST