Market capitalisation of PSU banks rises by up to 91% in Q3
Nine public sector banks reported an increase in market capitalisation in the range of 25-91 per cent in the September
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PSU Banks
PSU banks set target for selling flagship govt insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti
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RBI supports govt’s gradual privatisation of PSU banks
The RBI clarified that researchers at the central bank were of the view that instead of a bigbang approach to
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PSU banks seek RBI oversight on IDRCL for smooth NPA resolution
PSU lenders and the Reserve Bank of India (RBI) are trying to sort out the regulatory and legal status of
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Govt may reduce number of PSU Banks to just five
The Central government is looking to privatise more than half of the state-owned banks to reduce their number to just
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RBI Governor conveys expectations from PSU banks
RBI Governor Shaktikanta Das recently met chiefs of PSU banks and conveyed to them the regulator’s expectation from the banking
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PSBs wrote off Rs. 81,683 cr of loans in FY 2017
PSU banks have written off loans worth Rs 81,683 crore during fiscal 2016-17, Finance Minister informed the Parliament. Finance Minister
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PSU banks may be asked to seek passport details of large borrowers
In order to stop the loan defaulters from fleeing the country, the government is exploring the possibility of directing PSU
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RBI recommends privatisation of PSU Banks
RBI governor Urjit Patel has said that the government should decide what to do with public sector banks (PSBs) if
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IMF seeks more independence of RBI over PSU banks
IMF-World Bank report gave a thumbs-up to the government’s moves to clean up the banking sector and address bad loans,
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