Public Banks

No more, says Finance Ministry after hiring private professionals to head two public banks

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry said further such hiring of CEO and managing directors in banks would be from existing public sector talent pool.

SBI taking over Kingfisher House shows public banks are finally taking on influential defaulters

SBI claimed the property, spread over 17,000 square feet and which houses some of Kingfisher's key offices, after securing a favorable ruling from the Chief Metropolitan Court in Mumbai.

Govt to infuse Rs 12,517 cr into state-run banks by March

The Cabinet on Economic Affairs today approved infusion of Rs 12,517 crore in public sector banks by the end of financial year 2013 in order to help banks comply with Basel III norms andto boost their capital , finance minister P Chidambaram said today.

Syndicate Bank scam fallout: Govt considers splitting CMD post in public banks

Last week, Finance Minister Arun Jaitley had said the government was taking steps to professionalise the management and help them strengthen the risk management system in the public sector banks.<br />

PSU banks cut rates on retail loans, but you should be wary

Dena Bank Ltd has a home and car loan combo deal where home loan will be a 10.25 percent while car loan would be 11.75 percent. While the bank's corporate salary account holders would get consumer durables at a discount of 100 basis, at 12 percent.<br /><br />

Why public banks may be a value-buy proposition right now

FM asks PSU banks to cut rates, BOI obliges, SBI rules it out

Public banks show recovery signs as bad loans drop

State-owned banks have disappointed investors over the past year with poor performance and worsening asset quality.

Cabinet likely to infuse Rs 12k cr in public banks

Government is likely to consider next week the proposal to infuse Rs 12,000 crore into public sector banks, a senior official of the Finance Ministry said.

Public banks should learn to say 'no' to unviable proposals: RBI

RBI Deputy Governor K C Chakrabarty has said risk assessment capability of state-run banks is lower than private sector banks and asked PSBs to develop the habit of saying "no" to unviable proposals.