Page 7 - Psu Banks

Size, branch reach make Bank of India an attractive privatisation candidate

First to exit PCA in 2019, the bank's efforts to better its asset quality is yielding results

Budget 2021: Govt sets divestment target of Rs 1.75 trillion For FY22

The government on Monday budgeted Rs 1.75 trillion from stake sale in public sector companies and financial institutions, including 2 PSU banks and one insurance company, in the next fiscal year

Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid

With this Piramal succeeds in getting the requisite 66 per cent voting, says source

Operations at PSU banks partially hit due to trade union strike

Banking operations in public sector banks across the country were partially affected on Thursday as some bank unions joined the one-day nationwide strike called by central trade unions.

PSBs: Sustaining Q2 momentum for a year key to regaining lost faith

Q2 results suggest a trend of easing asset quality issues and the weight of merger behind them

Credit Suisse cuts stance on IT, healthcare; turns bullish on banks

In June, the brokerage had turned bullish on IT citing low P/E

Bank of Baroda withdraws order reducing free cash transactions

The government said that none of the state-owned banks proposed to raise bank charges in the near future in view of the Covid-19 pandemic

Moody's downgrades deposit ratings, credit assessment of four PSU banks

Says economic shock from Covid-19 may weaken borrower credit profiles and hurt their asset quality. outlook on ratings of all four is negative

Cabinet eases procedure of selection for Railways, PSU bank jobs

National Recruitment Agency to be used for conducting common eligibility test

PSB shares in focus; Nifty PSU Bank index jumps 4%; PNB, SBI gain up to 5%

Central Bank of India, Indian Bank, Canara Bank, J&K Bank, and Indian Overseas Bank were up in the range of 1.9 and 2.7 per cent

Best of BS Opinion: The joker in the pack, data anonymity, and more

Here's a selection of Business Standard Opinion pieces for the day.

Prevent contagion, preserve value

It's time to dam the financial sector against a bad debt flood

FinMin may review capital requirement of PSU banks after second quarter

There is widespread fear that non-performing assets (NPAs) of the banks will witness a surge due to the economic slowdown triggered by the Covid-19 outbreak and resultant lockdowns

Market Ahead, May 14: All You Need To Know Before The Opening Bell

A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today

Banks to breathe easy as govt's Rs 3.7 trn package brings relief for MSMEs

Wednesday's package also addressed some concerns in power and real estate

Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist

Experts said merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence

240,000 ATMs to be recalibrated, but consumers need not worry, says FIS

In case of recalibration the number of withdrawals would increase as only lower denomination notes were likely to be dispensed

Service providers feel the pain as India Inc faces working capital squeeze

A managing partner with a mid-sized law firm said it was not just domestic corporations but even large multinationals were delaying by as much as two months on outgoings

Best of BS Opinion: Trump's India visit, SC blow on AGR dues, and more

From Trump's first India visit after Senate acquittal to SC blow on AGR dues, here are the opinion pieces of the day.

PSU banks not out of the woods yet

The snakes and ladders game will continue till the consolidation process is complete