PSBs

‘PSBs were UPA’s ATM for cronies’: Nirmala Sitharaman counters Rahul Gandhi's allegations, credits PM Modi for banking sector turnaround

December 12, 2024 6:19 am

Earlier in the day, Rahul Gandhi had asked the Modi government to stop using PSBs as "an unlimited source of funds for their fraudulent friends."

Will have to seek an extension for PSBs to comply with minimum public shareholding: Vivek Joshi

February 08, 2024 4:39 am

Government to banks: Complaints, give more education loans

September 01, 2022 7:17 am

An official source said the issue was discussed in a meeting held last week by the Department of Financial Services (DFS) and involving representatives of all 12 PSBs.

Bank unions call for two-day strike against proposed privatisation of PSBs

February 09, 2021 5:06 pm

In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the privatisation of two Public Sector Banks (PSBs) as part of its disinvestment plan.

Aiming for cost efficiency, PSBs cut overseas branch presence by 22.5%

December 30, 2019 1:06 am

Besides, the PSBs also reduced the number of representative offices and closed 12 offices, thereby bringing their number down from 29 in March 2018 to 17 in March this year.

Govt appoints 3 non-executive chairpersons for public sector banks

May 25, 2018 1:41 am

The appointments come at a time when both Dena Bank and Central Bank of India are under the prompt corrective action (PCA) framework of the Reserve Bank of India

Arvind Panagariya makes strong case for privatisation of PSBs

March 25, 2018 4:27 pm

"I firmly believe that privatisation of all PSBs except perhaps the State Bank of India should be on the election manifestos of all parties who wish to present themselves as serious candidates to form the government in 2019," Arvind Panagariya said

Finance Ministry gives 15-day deadline to public sector banks for identifying risks

February 27, 2018 6:08 pm

On Monday evening, scam-hit Punjab National Bank said that the amount involved in the fraudulent transactions could increase by $204.25 million from the earlier estimate of $1.77 billion.

Finmin widens monitoring of NPAs at public sector banks to top 50 accounts

April 18, 2014 12:47 pm

FinMin also asks lenders to submit action-taken report for such accounts as in Dec 2013.

'PSBs must generate funds internally for re-capitalisation'

December 10, 2013 1:44 am

Committee: Form holding company to meet long-term capital needs.