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PSB
All India Bank Officers' Confederation joint general secretary Sanjay Das said reducing the government's stake in PSBs to below 50 per cent to take the bankers out of CVC ambit is no panacea. (Photo: Representational)
Diluting govt stake below 50 per cent in PSBs no solution: Unions
01 Nov 2019 2:21 PM

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

Finance Minister Nirmala Sitharaman.
Sitharaman to hold review meeting with public sector banks today
19 Sep 2019 8:51 AM

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

During this period only FY19 and FY18, bank credit grew in double-digits (13.24 per cent in FY19), while in FY17.
Rs 3 tln of capital infusion only helped PSBs trim losses, not drive credit supply
09 Aug 2019 9:32 AM

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing assets.

Aggregate gross advances of PSBs increased from over Rs 18.19 lakh crore as on March 31, 2008 to more than Rs 52.15 lakh crore as on March 31, 2014.
PSBs' bad loans have declined by over Rs 89,000 crore till March: Govt
26 Jul 2019 10:14 AM

Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46 lakh cr by the govt.

RBI Governor Shaktikanta Das.
Shaktikanta Das meets PSB heads, reiterates call for faster transmission
20 Jul 2019 10:55 AM

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings.
Rs 70,000 cr capital infusion in PSBs credit positive, to boost economy: S&P
08 Jul 2019 11:05 AM

The capital infusion will help some banks to come out of the central bank's prompt corrective action.

Govt will provide a one-time partial credit guarantee to PSBs to buy high-rated pooled assets of financially sound NBFCs.
Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC assets
05 Jul 2019 3:07 PM

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

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