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Latest Articles in public sector banks

SELL, SELL, SELL!

The government must take courage and embrace privatisation

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Capital Infusion Of PSBs To Support Credit Growth, Job Creation

The government on October 24 unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution

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NPAs Were Kept Under The Carpet For Years: Arun Jaitley

The non-performing assets (NPAs) were kept under the carpet for years but are now improving. Between 2008 and 2013 public sector banks were engaged in indiscriminate lending

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Pay Dues Or Allow Others To Take Control Of Business: Arun Jaitley To Debtors

Using the new bankruptcy law, the central bank has prodded banks to initiate insolvency proceedings against 12 large corporate defaulters to resolve Rs 2 lakh crore or almost a fourth of the country's bad debt

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'Sans Fund Infusion, PSB Mergers Won't Improve Capitalisation'

Govt owns majority stakes in 21 banks and merger of some of them is being considered for broader economic revival.

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Mergers Can Reduce Public Sector Banks’ Need For Government Capital: SBI Chief

The statement comes after SBI merged all its five subsidiaries and Bharatiya Mahila Bank, which resulted in a massive spike in its provisions and bad loans ratio that touched double digits in the first consolidated results

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Insolvency & Bankruptcy Code: Debt Restructuring & Managing NPA In India

RBI has allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects

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Banks Have No Liability For Loss Of Valuables In Lockers: RBI

Stung by the revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India (CCI) alleging "cartelisation" and "anti-competitive practices" by the banks in respect of the locker service.

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RBI Asks Banks To File For Insolvency In 12 Large NPA A/Cs

Clamping down on bad loans, the Reserve Bank of India identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks

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Stake Dilution In Public Sector Banks After Their Health Improves, Says FM Arun Jaitley

The government will dilute its stake in state-run banks to 52 per cent once the health of the lenders improve and the money will be used to inject capital in them, Finance Minister Arun Jaitley said

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Banks Vulnerable To Profit Decline Amid Rising Bad Loans, Says IMF

Indian banks are vulnerable to further decline in profits as they face slow credit growth and elevated non-performing assets, IMF has said, calling for 'additional and more timely action' to deal with the problem of bad loans

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Banks Will Soon Be Armed Better To Resolve Stressed Assets, Says Arun Jaitley

Finance Minister Arun Jaitley on Tuesday said banks, especially the public sector ones, will be armed better soon to resolve the stressed assets as he expects the winter session of Parliament to clear amends to the Prevention of Corruption Act

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PSBs Make One Time Settlement Of Rs 3,445 Crore Loans This Fiscal

Public sector banks have settled loans worth Rs 3,445 crore through one-time settlement mechanism in the current financial year till June, government said on Friday

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