19 Aug 2012
All business and commercial activities are likely to be crippled as the entire banking industry employees across the country will go on a country-wide strike on August 22 and 23 against the government policy to privatise the public sector banks.
05 Apr 2016
New Delhi: The government will push for consolidation of the public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said today.
22 Jul 2016
New Delhi: Government's Rs 23,000-crore equity infusion will provide some respite to the public sector banks (PSBs), but their capital needs are significantly higher than the budgeted amount, Moody's Investors Service has said.
03 Mar 2016
New Delhi: Moody's Investors Service today said the Budget for 2016-17 is "credit negative" for PSU banks as the capital infusion road map falls short of the required Rs 1.45 lakh crore.
06 Mar 2016
Gurgaon: The government will soon set up an expert group to look into consolidation of public sector banks as the country needs stronger rather than a large number of banks, Finance Minister Arun Jaitley said here today.
17 Sep 2016
New Delhi: Indian state-run banks have collectively made an operating profit of nearly Rs 35,000 crore this fiscal, but the massive provisioning for bad debts has pared their net profit down to Rs 222 crore, Finance Minister Arun Jaitley said on Friday, adding they had finally turned the corner and reported a cumulative net profit.
22 Feb 2016
New Delhi: For every Rs 100 parked in shares of public sector banks, investors carry the burden of Rs 150 as bad loans, which have cumulatively ballooned to Rs 4 lakh crore or 1.5 times the market value of these lenders.
24 Feb 2015
New Delhi: Public sector banks will remain closed on second and fourth Saturdays, according to an agreement reached between apex body of bank managements India Banks Association (IBA) and employee unions.
07 Sep 2016
New Delhi: Even as India is merging some state-run banks, Finance Minister Arun Jaitley on Wednesday said there was no move to privatise them. He also said the target date of April 1 next year to implement a pan-India goods and services tax regime will be met.
10 Apr 2016
New Delhi: Public sector banks have delayed action against nearly 100 corrupt officers despite the uproar over cases of bank fraud and non-performing assets, according to a CVC report.