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State-owned banks News

12 Nov 2017

Govt to put more capital in PSBs to strengthen them: Jaitley

Last month, the government had unveiled a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks.

Finance Ministry

09 Apr 2017

Govt asks PSBs to finalise next wage revision before Nov 1

The finance ministry has asked the heads of public sector banks to finalise the modalities for timely implementation of the next pay revision from November.

05 Feb 2017

Capital infusion in PSU banks after Q3 numbers

Government will finalise the second and final tranche of capital infusion for public sector banks (PSBs) for 2016-17 once all of them have declared results for the third quarter of the current financial year, a senior Finance Ministry official said.

Recapitalisation

06 Jun 2016

PSB losses on higher provisioning, will provide more funds: Finance Minister

New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.

State-owned banks

04 Mar 2016

Govt to provide more capital to PSU banks, if needed: Sinha

The government today said it has a "very good sense" of the problem of bad loans in banking sector and will continue to provide funds to strengthen state-owned banks.

17 Feb 2016

Govt mulls a bank to deal with bad loans

The government is looking at a proposal to set up a bank or a company to deal with the burgeoning bad loans of state-owned banks, even as the views on the issue are "vertically divided".

26 Nov 2015

Indian banks more stable but challenges remain: Fitch

Public sector banks require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.

14 Aug 2015

In a first, private sector professionals to head BoB, Canara Bank

Bank of Baroda and Canara Bank Friday became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.

Finance Ministry

31 Jul 2015

Govt seeks Parliament nod for Rs 25,500 cr additional spending

The Finance Ministry on Friday sought Parliament's nod to spend an additional Rs 25,500 crore in the current fiscal, nearly half of which will be spent on capital infusion into state-owned banks to help them overcome the high bad loans situation.

02 Jul 2015

RBI, govt in discussions for recapitalisation of banks: RBI

The government and the central bank are in discussions over recapitalisation of state-owned banks, Reserve Bank Governor Raghuram Rajan said on Thursday.

State-owned banks

26 Jun 2015

State-owned banks will need additional capital to meet adequacy norms: RBI

Reserve Bank Deputy Governor R Gandhi on Friday said state-owned banks are "adequately" capitalised at present but would need additional money to comply with global capital adequacy norms in the future.

State-owned banks

23 Jun 2015

India to inject about $3 billion this fiscal year in state-owned banks: Report

The intended injection into state banks is significantly higher than the estimate of Rs 79.4 billion (USD 1.25 billion) given in the government`s budget for this fiscal year.

State-owned banks

27 May 2015

Re-capitalise state banks for economic prosperity: Expert

India needs to privatise and change the character of its state-owned banks which have massive bad loans that have become a drag on economic growth, a leading financial expert said here.

02 Oct 2014

Banks need $200 billion capital in next 5 years: Fitch

Indian banks will need USD 200 billion additional capital over the next five years to meet Basel III capital adequacy norms and the demand for funds as growth picks up, Fitch Ratings said on Thursday.

06 Aug 2014

IDBI Bank approves issuance of Rs 5,500 cr bonds

The bank also approved issuance of Rs 500 crore long term bonds to support infrastructure and affordable housing.

03 Aug 2014

Funds needed for SBI merger with subsidiaries: MD

SBI's merger with its subsidiaries would be good for the company but additional capital would be needed for it, a top official said on Saturday.

SBI Capital Markets

31 Jul 2014

SBI Capital to make report on PSU bank merger within a month

The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

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