Keyword : Public Sector Banks

Banks strike withdrawn after a deal to hike wages by 15%

The nation can heave a sigh of relief as public sector banks employees` have decided to withdraw the four day scheduled from February 25. This follows an agreement with the Indian Banks Association

Budget extends financial inclusion, banks get big boss

What can be seen as a major step in making ‘financial inclusion’ a reality, finance minister Arun Jaitley announced in budget of 2015 the creation of MUDRA Bank to refinance microfinanc

Top 10 borrowers have taken Rs 28,152 crore bank loans

Few days back the budget of Rajasthan state was presented with a tax revenue figure of Rs 47096.05 crore. Compare this with the amount that top 10 borrowers have taken loans from public sector bank

Bank NPAs: RBI against credit appraisal by third party

Non-performing assets (NPA) have become a major concern for the banks and the gross NPAs of the public sector banks stood at Rs 2,60,531 crore, as on December 2014. Highlighting the issue of mounti

Banks’ NPA: How to avoid distress turning into dismay

“The top 30 defaulters are sitting on bad loans of Rs. 95,122 crore, which is more than one-third of the entire NPAs of public sector banks.” That is the tailpiece in an article in the

Seven-point Indradhanush may lift PSU banks

Indradhanush, the seven-pronged strategy for public sector banks announced by the government has a potential to boost the performance of PSU banks but may fail on three counts, says a report by CRI

High-level panel to tackle bad loans in PSU banks likely soon

The government is planning to set up a high-level panel to effectively deal with the issue of bad loans or the non performing assets (NPAs). "That was discussed at the meeting o

The road not taken

In May 2014, a committee headed by PJ Nayak, former chairman and CEO of Axis Bank, came out with a report that laid out a roadmap for setting public sector banks (PSBs) free from the government&rsq

Rising NPAs as a principal-agent problem

In economics, a principal-agent problem refers to the existence of a moral hazard is

Public sector banks need capital infusion

The public sector banks which are teetering under the burden of non-performing assets need help from the government in the form of capital support.   Former Reserve B

Need to swiftly restore public sector bank health: RBI dy governor

“We need soon a much more powerful plan – “Sudarshan Chakra” – aimed at swiftly, within months if not weeks, for restoring public sector bank health, in current owne

India’s financial system stable: RBI

India’s financial system remains stable, said a report of the Reserve Bank of India (RBI), which added that the overall risks to the banking sector remained elevated due to asset quality conc

Free services of public sector banks not being discontinued

The free services of public sector banks are not being discontinued, said a top official. There were online reports that said all free services of public sector banks would be discon



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