Page 3 - Public Sector Bank

Wilful defaults Rs 62,000 crore higher than before Covid pandemic

Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June

FM to meet heads of PSBs; nudge them for credit expansion to boost economy

The two-day meeting would commence on November 17 and undertake a comprehensive review of various segments

SBI to raise up to Rs 14,000 cr via AT1 bonds to boost capital adequacy

Being a systemically important financial institution, the bank has to maintain a higher level of CAR than its peers

Q4 results preview: Quick economic recovery to aid banks' profits

On the profitability front, the brokerage pegs operating profit growth at 15 per cent YoY with 12 per cent YoY for private and 19 per cent for PSBs

The forgotten case for bank nationalisation

In the recent clamour for their re-privatisation, we seem to have forgotten the rationale for bank nationalisation and the crucial role public sector banks continue to play in war against poverty

State Bank of India shares continue to gain on improved asset quality

Shares of State Bank of India continued to rally on Friday, jumping over 11 per cent

On the chessboard: 2021 will see tectonic shifts in the banking industry

India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980

Bank Employees' Association wants LVB to be merged with a PSU bank

RBI's role should be thoroughly probed, says AIBEA

FinMin directs govt-owned banks to invoke personal guarantees of defaulters

SBI takes lead in preparing list of all defaulters, including large corporations, whose firms are under bankruptcy proceedings

BOB posts pre-tax loss of Rs 1,308 cr in Q1 on a rise in provisioning

The bank's net interest income (NII) grew 4.91 per cent on a year on year (YoY) basis from Rs 6,497 crore in Q1FY20 to Rs 6,816 crore in Q1FY21

Bank employees' 15% wage hike may not be a costly affair for lenders

The hike in pay slip cost does not factor in superannuation and pension costs, along with performance linked incentives

South Indian Bank posts Q4 loss of Rs 190 cr, income grows to Rs 2,342 cr

The bank made a one time provisioning of Rs 255 crore on some large value non performing assets (NPA) it sold to an asset reconstruction company in 2017

Covid-19: Cut costs, govt tells PSBs after PNB buys Audis for top bosses

The Centre has advised banks to make a 20 per cent reduction in expenditure related to non-core business activities

RBI assumes protective role, asks banks not to pay dividend for FY20

Experts say while the decision is positive, it may not make any significant contribution

Letter to BS: Healthy banks are a barometer of a healthy economy

It is time there are reforms to ensure autonomy to the banks with proper checks and balances so that they play their assigned roles effectively and professionally.

SBI stock basking in optimism; stakes too high to disappoint investors

Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort

Finance Ministry asks central, state depts to continue work with IDBI Bank

It can be noted that in January 2019, the insurance behemoth completed acquisition 51 percent stake in IDBI Bank, following which the Reserve Bank re-categorised it as a private sector bank.

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

UP loan mela: Retail, agri grab a third of total Rs 2,125 cr disbursals

Banks collectively interact with 70,000 people, get more than 41,000 applications, of which 30,879 get on spot sanctions

Mergers lack logic, will destabilise finance and economy more: Bank unions

While announcing the merger, finance minister Nirmala Sitharaman said plans is to create fewer but stronger global- sized banks for building a $ 5 trillion economy