The scheme, which aims to empower residential consumers with free solar electricity, is backed by a streamlined credit delivery framework. The PM Surya Ghar Muft Bijli Yojana has crossed a major milestone in its push for clean and affordable energy access. As of September 2025, Public Sector Banks (PSBs) have sanctioned over 579,000 loan applications...
Tag: public sector banks
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Govt may increase Rs.70k-cr planned capital infusion for PSBs
The Finance Ministry is considering infusing more than the announced Rs.70,000 crore in public sector banks to help strengthen their balancesheets.ĆĀ“
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Of the public, for the public but not by the public
What is it that was just 29 crore in 1951 and has now grown to 10 lakh crore? It is the amount of public investment in 290 public sector units in India today.
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Govt banks’ top 30 NPAs account for one-third of bad loans
The Union Finance Minister P Chidambaram has said that top 30 loan defaulters of public sector banks (PSBs) account for more than one-third of total gross non-performing assets (NPAs) of State-run lenders. The Minister told this to the Rajya Sabha on December 10.
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RBI suggests reducing govt stake in PSU banks
In a discussion paper, Reserve Bank of India (RBI) suggested that the government may consider reducing its stake below 51 per cent in state-run banks. While reducing its stake, government may take certain protective rights by amending the statutes governing the PSU banks, the paper
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Govt to finalise Rs 14,000 cr infusion for its banks
To meet global capital requirement norms (or Basel III norms) of public sector banks in the country, the Union Finance Ministry is likely to finalise Rs 14,000-crore capital infusion into the banks by the end of this month. An official concerned said that the government has received capital requirement proposals from all public sector banks and it is evaluating their proposals at the moment. Hopefully, capital allocation to banks would be finalised by August-end.
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Bank of Maharashtra trims base rate by 25 bps
Some public sector banks are reducing their lending rates following the meeting of their chiefs with Finance Minister P Chidambaram. During a recent meeting with the chiefs of state-run banks,
Chidambaram has asked them to reduce lending rates to spur credit growth and thereby reverse investment cycle. Recently, Bank of Maharashtra reduced Ćābase rateĆā by 25 basis points from 10.25 percent to 10.00 percent on mon
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OBC reduces base rate by 0.25%
Following the meeting with Finance Minister P Chidambaram some of the public sector banks are reducing their base rates. The recent bank to join the club is Oriental Bank of Commerce (OBC), which trimmed its base rate by 25 basis points, or 0.25 percentage points, from 10.25 per cent to 10 per cent. The reduction in the interest rate woul
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State-run banks take efforts to recover bad loans
In order to recover bad loans from borrowers, some public sector banks are putting pressure on the guarantors of wilful loan defaulters. One such incidence happened when Allahabad Bank published a public notice exposing the guarantor of a borrower who defaulted on his loan. The state-run bank published the photographs of two guarantors as well in the newspapers as part of a publi
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PSU banks may benefit from falling yield on govt bonds
During April-June 2013, public sector banks may earn Rs 5,000 crore to Rs 7,000 crore owing to treasury gains as yield on government securities have declined by 60 basis points during April and May this year. This estimate on the treasury gains of state-run banks was given by Icra in a recent research report. The report noted that yield of government securities has fallen in the last two months and this will improve earnings of public