Page 9 - Psu Banks

FM to meet CEOs of PSU banks to discuss ways of increasing credit growth

According to sources, the meeting will also review progress of resolution of NPAs under Insolvency and Bankruptcy Code

FM Sitharaman to meet PSU bank CEOs on Friday to take stock of sector

The meeting assumes significance as it will be the first after the Narendra Modi government returned to power in May this year

Stocks to watch: PSU banks, ACC, DB Corp, L&T Infotech, Wipro, Mindtree

Here's a look at the top counters that are likely to trade actively in today's session.

Eligibility norms for PSU banks to pick pooled NBFC assets likely this week

To address the stress in the sector, Finance minister Nirmala Sitharaman in the Budget proposed that public sector banks would purchase high-rated pooled assets of financially sound NBFCs

PSU banks losing lead relationships to private banks, says study

SBI is the only outlier in this trend, which has moved faster and made more progress than other PSU banks

PSBs losing lead bank relationships to private counterparts, says study

According to the study, private sector lender HDFC Bank and PSU lender State Bank of India top the list of local banks which are used by three-quarter of large Indian companies

PSU banks hit fresh 52-week low; analysts remain cautious

Bank of India, Allahabad Bank, Canara Bank, Dena Bank, Oriental Bank, Syndicate Bank, Uco Bank and Vijaya Bank have touched their respective 52-week lows on the NSE.

Corporation Bank, Dhanlaxmi, Allahabad Bank gain over 5% on PCA exit

Corporation Bank rallied 10 per cent to Rs 32.40, Dhanlaxmi Bank, too, surged 10 per cent to Rs 15.30 and Allahabad Bank gained 6 per cent to Rs 46.65 on the NSE.

PSU banks plan rationalisation of another 69 overseas offices in 5 months

As on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices

PSU banks trade firm; Bank of India rallies 30% in 10 days

Bank of India, Oriental Bank of Commerce, Union Bank of India, Canara Bank, BOB, PNB, Indian Bank and SBI were up in the range of 1% to 4% on the NSE.

PSU banks need more capital; don't rush to buy them now, say analysts

After the RBI's day-long board meet on Monday, the central bank decided to consider relaxing lending norms for banks under the PCA

Turnaround in bad loans not in sight yet for PSU banks

Tighter NPA recognition norms led to a surge in bad loans over the last two years. But overall NPAs have reduced and provisioning has also reduced in the last two quarters

Two global firms to help BBB select, train the right men for top PSB jobs

Two global personnel advisory firms, Korn Ferry and Egon Zehnder, will assist the Banks Board Bureau (BBB) to assess people for top jobs and in leadership development at public sector banks (PSBs).A BBB functionary said Hay Consultants (part of Korn Ferry) and Egon Zehnder have already begun work in this regard.Korn Ferry has been in the news for a mandate from private lender YES Bank to assist their board of directors' panel in selecting a new managing director and chief executive (MD & CEO), to succeed incumbent Rana Kapoor. Four entities were earlier considered for this mandate.Hay Consultants is apparently to assist BBB in assessing the capabilities of those considered for appointment as MD & CEO and as executive directors at PSBs. Egon Zehnder, said a source, will work as a 'knowledge partner' to design, implement and institutionalise a leadership development strategy for state-owned banks. A senior executive with a Mumbai-based bank said the need for these functions has .

Baroda-Vijaya-Dena Bank merger: Here are the challenges and expectations

Whether the merger constitutes meaningful reform at the present time is, however, open to question

Facing trouble, Indian public sector banks need leaders but are headless

Four of the country's 21 state banks have yet to appoint replacements for departed chief executive officers, and another has seen its CEO stripped of her powers due to fraud charges

Street signs: PSU banks in demand, dip in Symphony stocks and more

India's leading air cooler maker Symphony has witnessed an unusually hot summer with its stock falling more than 20 per cent in the past month

Despite SBI reporting Rs 77-bn loss in Q4, worst is likely over for PSBs

Balance sheet clean-up boosts investor confidence, experts expect earnings to improve in FY19

PSU banks gain as RBI lets banks spread bond losses in 4 quarters

Nifty PSU Bank index rose over 2% with all its constituents trading in green in early morning deals.

RBI's measures are good; be selective in buying PSU banks, say analysts

Banking stocks came under selling pressure on Wednesday after the Reserve Bank of India (RBI) unveiled new norms for dealing with non-performing assets (NPAs) on Monday. Nifty PSU Bank was the worst performing index, falling over 3% in intra-day deals with Punjab National Bank, Bank of India, Canara Bank, IDBI and Oriental Bank of Commerce slipping 4.3% to 7%.The fall comes on the back of a revised framework on resolution of stressed assets issued by the RBI, which is likely to increase the reported non-performing asset (NPA) levels of the banks in coming quarters. From a long-term perspective, however, analysts see the new rules helping early identification of stress and resolution of issues. Not only will the move promote better credit discipline, they see it as a precursor to implementation of International Financial Reporting Standards (IFRS) going ahead."Corporate banks with higher quantum of stressed / restructured assets (Canara Bank, PNB, Bank of India, Union Bank, SBI and ...

PSU bank stocks in limelight; shares gain up to 8.5%

Parliament's approval has been sought for 'meeting additional expenditure towards recapitalisation of Public Sector Banks through issue of government securities' said ministry