Public Sector Banks

  • FM to meet heads of PSU banks, financial institutions on Tuesday 12-05-2014 06:26 PM

    Amidst rising bad loans, Finance Minister P Chidambaram will review financial performance of public sector banks (PSBs) on Tuesday. The review will cover overall credit growth, with particular reference to agricultural credit, MSME credit, housing loan, education loan and lending to minority communities among others, an official statement said. Chidambaram...
  • P Chidambaram to meet bank chiefs on Tuesday 21-10-2013 06:27 PM

    Finance Minister P Chidambaram will meet chairmen and managing directors of public sector banks on Tuesday to review their performance, especially the situation of non-performing assets and credit growth. The meeting will take place at the State Bank of India (SBI) main branch office in the national capital. Chiefs of...
  • Increasing diesel prices one way to control fiscal deficit: Rajan 08-10-2013 07:38 PM

    In a no-holds-barred interview, which is also the first since he assumed office as governor of Reserve Bank of India, Raghuram Rajan spoke about subjects ranging from inflation to rupee to credit growth to foreign investments to the contentious Diwali Bonanza scheme of the government. He dismissed metaphors such as...
  • Finance Ministry asks PSU banks to limit loan write-offs 31-03-2013 12:10 PM

    New Delhi: The Finance Ministry has asked public sector banks to limit the amount of loan write-offs and sought details of recoveries made by them in the six years ending 2011-12 with an aim to improve the finances of PSU lenders. It has also asked the banks to ensure that...
  • Private, public sector banks on strike on Tuesday 17-12-2012 05:34 PM

    Mumbai: Around 700,000 employees and officers of the public sector, private sector and foreign banks will strike work all over India on Thursday, an official said in Mumbai on Monday. Work in 27 public sector banks, 12 old generation private sector banks and eight foreign banks shall come to a...
  • Bank ops remain disrupted on 2nd day of strike 23-08-2012 11:20 AM

    New Delhi: Normal operations in public sector banks, including cheque clearances and fund transfers, were on Thursday hampered for the second day because of the strike called by unions to protest against reforms in the sector and outsourcing of non-core services to private sector. "The strike is total success all...
  • Govt to infuse Rs 15,888 crore in PSU banks 16-03-2012 05:54 PM

    New Delhi: The government on Friday said it will provide capital support of Rs 15,888 crore to public sector banks and financial institutions during the next fiscal to strengthen their capital base. "The government is committed to protect the financial health of Public Sector Banks (PSB) and financial institutions," Finance...
  • Bank employees to go on pan-India strike on Aug 5 03-08-2011 07:36 PM

    New Delhi: Bank employees and officers unions will go on nation-wide strike on August 5 to protest against proposed banking sector reforms and wage related issues as conciliatory talks with the management has failed. "The United Forum of Bank Unions (UFBU) met the financial services secretary as well as the...
  • 2G scam may spill over into banking sector 08-10-2010 02:42 PM

    New Delhi: The great Indian telecom scam is threatening to spill over into the banking sector. And at stake is the tax payers' money that public sector banks have given as loan to Unitech Wireless. The telecom giant, now called Uninor, is being probed by the CBI, the CVC and...