Owing to high interest rate and slowdown in the economy, non performing assets (NPAs) with the public sector banks (PSBs) rose about 90 basis points year-on-year during 2012-13. However, their peers in the private sector managed to avoid rise in NPAs because of better risk management and low exposure to risky
Tag: public sector banks
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Banks take steps to recover bad loans
Media reports indicate that several public sector banks (PSBs) are taking steps to recover loan amount from defaulting corporate borrowers by publishing their names and thereby denting their image. This move by state-run banks is a remarkable shift from their traditional approach of going soft with defaulting borrowers
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IAML signs pact with 8 banks on acquiring infra loans
IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF
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SBI expects credit to grow a maximum of 16%
Pratip Chaudhuri, Chairman of State Bank of India (SBI) informed that the bank may achieve a deposit growth of 14 -16 per cent and a loan growth of a maximum 16 percent in 2013-14. In 2012-13, the largest public sector bank posted 15 per cent and 21 per cent growth in deposits and adva
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Govt optimistic on loan recovery by banks
Some finance ministry officials expressed confidence that the public sector banks (PSBs) would achieve remarkable improvement in reducing bad loans. Bad loans of state-run banks have been rising because of the slowdown in the economy and weak financial position of
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Bankers begin initiative to move stalled infra projects
Taking note of Finance Minister P ChidambaramÂ’s suggestion, chiefs of public sector banks (PSBs) and State-owned financial institutions on March 18, banks have begun the process of region-wise stock-taking of new and stalled infrastructure projects. The first meeting of bankers, organised by Canara Bank, was held in Bangalore last week.
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Bankers begin initiative to move stalled infra projects
Taking note of Finance Minister P ChidambaramÂ’s suggestion, chiefs of public sector banks (PSBs) and State-owned financial institutions on March 18, banks have begun the process of region-wise stock-taking of new and stalled infrastructure projects. The first meeting of bankers, organised by Canara Bank, was held in Bangalore last week.
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SBI gets Rs 30 bn capital infusion from govt
In a move that raised the shareholding of government in State Bank of India (SBI) to 62.31 per cent from 61.58 per cent, the centre infused Rs 3,004 crore capital into the bank. The countryÂ’s largest lender, in return, alloted 12.9 million preferential equity shares at Rs 2,312.78 a share to the government
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PSBs to get Rs 125 bn capital in FY13
Government proposed to infuse an amount of Rs 12,517 crore in Public Sector Banks(PSBÂ’s) to augment their Tier-1 capital in FY-2012-13. A sum of Rs 12,000 crore was infused during 2011-12 to enable them to maintain a minimum Tier-1 CRAR of 8 per cent. Performance of Indian banks during the year 2011-12 was conditioned to a large extent by fragile recovery of global financial markets as well as a challenging oper
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State-run banks may get around Rs 200 bn from govt
Media reports suggest that the government may infuse around Rs 20,000 crore into state-run banks in 2013-14 so that they comply with the capital adequacy conditions of Basel III norms. It is learnt that public sector banks (PSBs) have demanded the above amount for the next financial year from