Latest News on Public sector banks
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Public sector banks - Total results - 232
Sep 08, 2017
RBI Viral Acharya’s caution on PSB funding: Why’s Narendra Modi govt still running large banks?RBI Deputy Governor Viral Acharya, without mincing his words, asked: Is the government capable of offering “substantial additional capital infusion” that “is almost surely required" to salvage the state-run banks?
Aug 22, 2017
Bank strike: Rs 20,000 cr transactions hit as cheque clearance, NEFT, RTGS affected, says unionThe Indian Banks' Association had asked banks to take measures in advance to minimise the impact
Aug 22, 2017
Bank strike today: Deposit, withdrawal at branches, cheque clearance, NEFT, RTGS to get affectedDespite strike at public sector banks, operations at private lenders are expected to be normal except delay in cheque clearances
Aug 21, 2017
Banks stare at union strike on Tuesday, services may be hitMost banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off
Aug 03, 2017
RBI cuts rate by 25 bps: If you believe good times are upon us now, think againThe RBI MPC statement talks about an urgent need for the government to solve infrastructure issues, reviving private investments and boosting the housing sector. Just a rate cut is not going to deliver this
Jul 31, 2017
India’s non farm-loan debts could settle all distressed farm loans, shows an analysisA lot of the non-priority NPAs are large and valued customers of the banks, who also have considerable political clout
Jul 29, 2017
CAG red flag on banks: Govt shouldn’t miss the warning; it isn’t too late to get rid of zombie banksThe CAG has expressed doubts on the ability of India’s 21 public-sector banks to raise sufficient amount of money from the markets.
Jul 28, 2017
CAG raises doubts over public sector banks' ability to raise funds from marketGovt has infused capital of Rs 1,18,724 crore from 2008-09 to 2016-17 in the PSBs for meeting their capital adequacy requirements
Jul 25, 2017
10 public sector banks have submitted turnaround plans, says govtQuarterly performance of these banks would be monitored by SBI Capital Markets
Jul 20, 2017
ONGC's HPCL acquisition: Narendra Modi govt’s aggressive divestment drive is a winner for economyThe government has to take the lead and pump in huge sums into big infrastructure projects. Only this can bring the economy out of the woods. An aggressive disinvestment strategy is critical in this context.