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Harassment fears hold back PSU banks from lending to private sector
Wednesday, July 31, 2019, 8:13 PM
PM Modi's biggest challenge to kick-start a slowing economy in his second-term has become even more daunting because of the low investment by the private sector. GDP growth in the fourth quarter of the last fiscal year came down to a five year low of 5.8%, causing concerns among the policy makers. However, weak private investment had remained a challenge throughout PM Modi's first-term(2014-19).
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.
