Read more interesting news from around the globe with Indianmoney App
Govt to infuse Rs 83,000 crore in PSBs in next few months, says Arun Jaitley
Thursday, December 20, 2018, 6:24 PM
Finance Minister Arun Jaitley Thursday said the government will infuse Rs 83,000 crore in public sector banks in the next few months of the current fiscal. Earlier in the day, the government sought Parliament's approval for infusion of an additional Rs 41,000 crore in the state-owned banks through the second batch of Supplementary Demands for Grants.
Finance ministry expects 3-4 banks to be out of PCA this fiscal: Report
Sunday, November 25, 2018, 12:45 PM
The finance ministry hopes that 3-4 banks would come out of the RBI's Prompt Corrective Action watchlist this fiscal, following the expected modification of guidelines and an apparent improvement in the bottom line of the public sector banks, sources said. Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders.
PSU banks plan closure of 70 overseas offices during this fiscal
Sunday, August 26, 2018, 4:24 PM
Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise. Unviable foreign operations are being shut while multiple branches in same cities or nearby places are being rationalised with a view to achieving efficiency, sources said. Public sector banks (PSBs) closed down 35 foreign operations last year.
