Small Public Sector Banks
Bank of Maharashtra's profit jumps 34% to Rs 1,036 cr, NPAs down to 0.22%
State-owned Bank of Maharashtra (BoM) on Tuesday posted a 34 per cent rise in its profit at Rs 1,036 crore in the third quarter ended December 2023. The Pune-based lender had posted a net profit of Rs 775 crore in the same quarter a year ago. Total income increased to Rs 5,851 crore during the quarter under review against Rs 4,770 crore in the same period last year, BoM said in a regulatory filing. The bank earned an interest income of Rs 5,171 crore during the quarter compared to Rs 4,129 crore in the same period a year ago. The bank was able to reduce gross Non-Performing Assets (NPAs) to 2.04 per cent of the gross loans by the end of December 2023 from 2.94 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.22 per cent from 0.47 per cent at the end of the third quarter of the previous fiscal.
 "Bank of Maharashtra's profit jumps 34% to Rs 1,036 cr, NPAs down to 0.22%")
Govt may disinvest 5-10% in select PSBs to realise share market gains
As things stand, the govt has over 80% ownership in six banks: Bank of India, Indian Overseas Bank, Punjab & Sind Bank, Bank of Maharashtra, Central Bank of India, and Uco Bank
 "Govt may disinvest 5-10% in select PSBs to realise share market gains")
Govt panel may draft list of small public sector banks for privatisation
The panel is likely to have officials from the Department of Investment and Public Asset Management, the Reserve Bank of India, and the NITI Aayog
 "Govt panel may draft list of small public sector banks for privatisation")
Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter
Public sector major Indian Bank has posted a 12 per cent rise in net profit during the second quarter of the financial year to Rs 1,225 crore,
 "Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter")
Govt moves to reform bank boards: The six new rules you should know
Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough
 "Govt moves to reform bank boards: The six new rules you should know")
Fund infusions in PSBs fail to lift stocks; experts say stick to SBI, BoB
The Nifty PSU Bank index is flat since the government announced a Rs 2.11-trillion recapitalisation plan in October 2017
 "Fund infusions in PSBs fail to lift stocks; experts say stick to SBI, BoB")
Small public sector banks in drive to shed corporate and big biz loans
Bankers caution that this would be a lengthy affair and cutting of corporate exposure by at least 15 per cent by March 2019 was very tough
 "Small public sector banks in drive to shed corporate and big biz loans")
