Shares of public sector banks on Monday zoomed up to 10 percent after the government announced upfront capital infusion of Rs 70,000 crore into them
Nirmala Sitharaman rolls back tax hike on investors, outlines steps to boost sentiment; industry hails move
Sitharaman also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector
Shares of Yes Bank zoomed 14 percent on Tuesday amid reports that some private equity players may infuse capital in the company
Union Budget 2019: Consolidation of PSU general insurers may require capital infusion of Rs 13,000 cr
The government may need to shell out close to Rs 13,000 crore to improve the financial health of public sector general insurers before initiating their consolidation, sources said
In 2017, state-owned New India Assurance Company and General Insurance Corporation of India were listed on the bourses.
AAI asked to issue shares against govt funding of Rs 656 cr; PSU to become a company after issuance of equity capital
In the last fiscal, AAI had transferred the entire profit after tax (PAT) for 2017-18 fiscal of Rs 2,800 crore to the government as dividend.
The finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans
Banks yet to tag Rs 3.5 lakh crore stressed corporate loans as NPAs; NBFCs may witness margin pressures in FY20: Report
Jindal said banks may need an additional of Rs 40,000 crore in provisions for these Rs 1.5-2 lakh crore loans, which may slip into NPAs.
RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,
Govt to infuse Rs 2,159 crore in United Bank of India; BoI likely to get highest amount of Rs 10,086 crore
The finance ministry had informed the bank about the capital infusion on Wednesday (26 December), United Bank of India said in a regulatory filing.
In Narendra Modi govt's year of living dangerously, failed fiscal romance causes political heartbreak and institutional wounds
Judging from the fiscal actions after the electoral debacle, it seems the NDA govt is realising that some fiscal flirting may be a lesser evil compared with some monetary transgression.
Govt seeks Parliament's nod for additional gross expenditure of Rs 85,949 cr, includes about half for PSBs recapitalisation
The government on Thursday sought Parliament's approval for additional gross expenditure of Rs 85,948.86 crore, about half of which is for capital infusion in public sector banks through recapitalisation bonds, during the current fiscal ending March 2019.
Reserve Bank executive director Sudarshan Sen has exhorted banks to maintain higher capital levels than the regulatory mandate to see through business cycles and crises, warning those failing to have adequate buffers will get punished by the system itself.
IL&FS crisis: Uday Kotak-led board deserves praise for quick action without going in for expensive bailout
Uday Kotak has said that IL&FS has to be rehabilitated through the sale of verticals or assets or through a combination of both.
The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as early as next month, a senior finance ministry official said on Monday
The RBI board meeting which went on for a dramatic nine-hour session has reached a mature solution which is acceptable to all concerned parties
With 32% NPAs on its books, IDBI Bank is now the bad loan King in India: Ring a bell, dear LIC policyholder?
IDBI Bank is the target bank Life Insurance Corportation (LIC) is in the process of acquiring using policyholders’ hard-earned money.
Finance ministry likely to finalise capital infusion of Rs 54,000 cr in public sector banks this month
In this round of fund infusion, most of the banks would be getting growth capital for expanding their lending, particularly to micro, small and medium enterprises (MSMEs).
The bank informed shareholders that PNB has been working steadily to get back into shape after being hit by the Nirav Modi fraud earlier this year.