Public Sector Banks
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Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks
Business | Feb 20, 2019, 07:03 PM ISTKumar further said Punjab National Bank will get Rs 5,908 crore, Union Bank of India Rs 4,112 crore, Andhra Bank Rs 3,256 crore and Syndicate Bank Rs 1,603 crore.
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Over 1.12 lakh MSME loan applications approved under '59 minutes' scheme
India | Dec 28, 2018, 08:09 PM ISTPublic sector banks have approved more than 1.12 lakh loan applications of MSMEs totalling Rs 37,412 crore under the '59 minutes' loan scheme launched by the government in November.
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Govt to infuse Rs 28,615 cr in 7 PSBs soon through recapitalisation bonds
Business | Dec 27, 2018, 04:40 PM ISTThe amount infused will help the banks meet regulatory capital requirement, and its disbursement might take place before December 31, PTI reported quoting sources.
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Government to infuse Rs 83,000 cr in banks by March: Arun Jaitley
Business | Dec 20, 2018, 11:11 PM IST"Today we have asked for the parliamentary sanction for (issuing) additional recapitalisation bonds of Rs 41,000 crore... As of today, of the Rs 65,000 crore recapitalisation plan for 2018-19, Rs 42,000 crore is still remaining.
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Public sector banks recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Shiv Pratap Shukla
Business | Dec 14, 2018, 07:06 PM ISTBank of Baroda also had NPAs to the tune of Rs 46,454 crore, Canara Bank Rs 41,907 crore, Central Bank of India Rs 37,411 crore, Indian Overseas Bank Rs 35,607 crore and UCO Bank Rs 28,822 crore.
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Govt mulls additional Rs 30,000 cr capital infusion in PSU banks
India | Dec 13, 2018, 10:52 PM ISTAs part of the capital infusion plan announced by the Finance Ministry in October 2017, the government envisaged that public sector banks (PSBs) would raise Rs 58,000 crore from the stock markets by March 2019 to meet Basel III norms.
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Govt tightens grip on wilful defaulters, authorises CEOs of PSBs to request for look-out circulars against them
Business | Nov 22, 2018, 09:17 PM ISTThe government's move comes against the backdrop of defaults by liquor baron Vijay Mallya, fugitive diamantaires Mehul Choksi and Nirav Modi.
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Bank strike: Services hit, impact to continue tomorrow
Business | May 30, 2018, 07:22 PM ISTMost of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.
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PSUs write-off NPAs worth Rs 2.4 lakh crore in over 3 years, TMC demands names of defaulters
Business | Apr 04, 2018, 04:06 PM ISTThe Centre, however, declined to name the defaulters, citing a section of the RBI Act which prohibits it from disclosing credit information given by banks.
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Wilful defaulters rise 1.7% till Dec, owe Rs 1.10 lakh cr to PSBs
Business | Mar 09, 2018, 08:36 PM ISTMoS for Finance Shiv Pratap Shukla said that the number of wilful defaulters was 9,063, which represents a marginal increase of 1.66 per cent during the nine months of the current financial year.
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Finance ministry asks PSBs to examine all NPA accounts above Rs 50 crore for ‘possible fraud’
Business | Feb 27, 2018, 06:21 PM ISTIn a directive to Managing Directors (MDs) of all public-sector banks, the finance ministry has asked them to detect bank frauds and consequential wilful default in time and refer such cases to CBI.
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PNB fraud: Assocham calls for privatising Public Sector Banks
Business | Feb 18, 2018, 10:57 AM ISTThe industry body said PSB senior managements spend bulk of their time "receiving and implementing directions from the bureaucrats even for innocuous issues."
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As NPAs soar 34.5% in Q3, new RBI guidelines expected to add further stress on public sector banks
Business | Feb 14, 2018, 07:17 AM ISTWorse may not be over for the banking sector. As the bad loans are on a steady rise, new RBI guidelines are expected to add over Rs 2.8 trillion worth of loans in NPA category.
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Union Budget 2018: From capital infusion to digitisation, bankers expect a lot from Arun Jaitley
Budget | Feb 01, 2018, 11:07 AM ISTFinance Minister Arun Jaitley is expected to unveil provisions to make things move fast in positive direction and to continue the momentum to energise the lenders.
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Govt unveils details of recapitalisation plans for PSBs, assures customers their money is safe with banks
Business | Jan 24, 2018, 05:51 PM ISTThe Government today announced that it will infuse Rs 2.11 lakh crores in public sector banks to provide them relief from mounting pressures of non-performing assets (NPAs).
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Finance Ministry calculating capital required to reposition public sector banks: Jaitley
Business | Jan 24, 2018, 04:56 PM IST"The main objective of this flows from the Government's responsibility to keep public sector banks in good health," FM Jaitley told media at a press conference in New Delhi.
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Union Budget 2018: Govt may hike agri-credit target to Rs 11 lakh crore
Budget | Jan 22, 2018, 08:45 PM ISTThe interest subvention is given to public sector banks (PSBs), private lenders, cooperative banks and regional rural banks (RRBs) on use of own funds and to Nabard for refinance for RRBs and cooperative banks.
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Govt seeks Parliament nod for Rs 80,000-cr PSBs recapitalisation
India | Jan 04, 2018, 04:29 PM ISTThe Rs 80,000-crore expenditure has been sought by the government in form of the Third Batch of Supplementary Demands for Grants for 2017-18.
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Govt, RBI dismiss rumours of closing down public sector banks
Business | Dec 22, 2017, 04:58 PM ISTThe decision of the Reserve Bank to initiate a ‘prompt corrective action’ (PCA) against large state-owned lender Bank of India led to rumours that the government may close down some banks.
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Interest burden of recapitalisation bonds to be about Rs 9,000 cr: CEA Arvind Subramanian
Business | Oct 25, 2017, 07:41 AM ISTInterest burden of Rs 1.35 lakh crore recapitalisation bonds on the government would be about Rs 9,000 crore, Chief Economic Adviser Arvind Subramanian said on Tuesday.