Recent Highlights
All Stories for Psbs
Coronavirus Outbreak: PSBs sanction loans worth Rs 6 lakh cr in 2 months for MSME, agriculture sectors, says Nirmala Sitharaman
• 5 years agoNBFCs have received Rs 1.18 lakh crore from these banks during the period between 1 March and 8 May.
Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week
• 5 years agoPublic sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown.
After flip-flops, IndiGo Airlines clarifies pay cut up to 25% for senior employees will be for entire 2020-21
• 5 years agoIndiGo Airline had on Friday announced pay cut ranging between 5 and 25 percent, in addition to its leave-without-pay programme for May, June and July, for senior employees
Coronavirus Lockdown: PSBs have sanctioned loans worth Rs 42,000 cr to MSMEs, corporates so far
• 5 years agoPublic sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown
Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report
• 5 years agoState-owned banks' non-performing loans are likely to rise by 2-4 percentage points, which will put up to $15 billion recapitalisation pressure on the government in FY21, a foreign brokerage firm said on Tuesday
PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs
• 5 years agoState-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs
Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
• 6 years agoBank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable
Union Bank becomes 5th largest PSB post-merger with Andhra Bank, Corporation Bank
• 6 years agoUnion Bank on Wednesday said it has become the country's fifth-largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself
Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
• 6 years agoThe biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday
COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Fp Staff • 6 years agoMoody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.