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State-run banks News

23 Aug 2019

DNA: Non Stop News, August 23rd, 2019

This segment of DNA brings to you important stories of the day. Watch this video for more info. #DNANonStopNews #PakistanKaBlackFriday #PMModiFranceVisit #FATF

RBI fund infusion

08 Jan 2019

Additional fund infusion to help banks lower NPAs: Report

On December 20, the government had sought lawmakers' approval for infusion of an additional Rs 41,000 crore, taking the total fund infusion to Rs 1.06 trillion in FY19.

10 Aug 2017

RBI dividend to government halves to Rs 30,659 crore

Last fiscal, the RBI had transfered Rs 65,876 crore surplus as dividend to the government.

14 Jun 2017

Resolution of state-run banks' bad loans primary focus of government

A resolution of Indian banks` bad loans is the "first and primary focus" of the government, a senior finance ministry official said on Wednesday.

08 May 2017

Stake dilution in PSBs after their health improves: FM

This fiscal, the government has budgeted Rs 10,000 crore of capital infusion in public sector banks.

public sector banks

15 Feb 2017

Ind-Ra maintains stable outlook for large public, private banks

Domestic rating agency Indian Ratings and Research on Wednesday released a report on health of large public sector banks and private banks.

16 Sep 2016

FM Arun Jaitley to review performance of state-run banks today

Finance Minister Arun Jaitley is undertaking a quarterly performance review of state-run banks here on Friday not just to see the progress of various financial inclusion schemes, but also look at the overall health of the banking system, officials said.

State-run banks

19 Jul 2016

India to inject $3.4 billion in state banks to revive credit growth

India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.

10 Mar 2016

India best among emerging markets; health of state-run banks, corporates a worry: IMF

IMF's financial counselor Jose Vinals singled out the country as being the best placed among emerging markets, but underlined that it has problems of its own which need to be dealt with.

07 Mar 2016

Vijay Mallya in talks to settle debt with lenders

Indian liquor baron Vijay Mallya said he has been in talks to enter into a one-time settlement with state-run banks, to which his now-defunct carrier Kingfisher Airlines owes more than USD 1 billion.

02 Jul 2015

Government close to appointing new heads of state-run banks: Rajan

Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.

State-run banks

01 Jul 2015

Sinha pledges required capital support for public sector banks

The government on Wednesday said it's currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them.

22 May 2015

IBA to sign wage revision pact with banks unions on Monday

Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said today.

26 Mar 2015

Bank reforms positive but implementation a risk, says Fitch

Jaitley proposed to set up an autonomous Banks Board Bureau to help lenders raise capital for expansion needs.

09 Jan 2015

Rajan hails govt announcement on functional freedom for banks

Reserve Bank Governor Raghuram Rajan on Friday hailed the government direction to state-run banks to act without fear or favour and ignore extraneous considerations in their commercial operations.

State-run banks

12 Dec 2014

State-run banks to find capital raising challenging: Fitch

State-owned banks are likely to continue to raise funds through additional Tier-I capital to meet the Basel III norms even as the government plans to pare its holdings in such financial institutions, says a report.

27 Oct 2014

India to set up new process for appointing state bank officials

The move comes months after an investigation began into whether the head of state-controlled Syndicate Bank took bribes to roll over a loan to family-controlled Bhushan Steel .

Jan Dhan programme

02 Oct 2014

Banks open 5.29 crore accounts under Jan Dhan Yojana

Banks have opened a whopping 5.29 crore new accounts so far under the flagship Jan Dhan programme.

08 Sep 2014

RBI likely buying dollars via state-run banks: Traders

The Reserve Bank of India (RBI) was seen buying dollars via state-run banks to prevent further appreciation in the rupee, four traders said on Monday.

31 Jul 2014

Rupee slumps to three-month low on dollar buying by state-run banks

The rupee ended at 60.55/56 per dollar, down about 0.83 percent for the day, its biggest single-day fall since June 13.

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