Public sector banks(Psbs) will have uniform timings across all states.
Public sector banks(Psbs) closed down 35 foreign operations last year.
Recapitalisation of Public Sector Banks(Psbs) held the capital position of Psbs.
Till now, 11 Psbs have been included under Prompt Corrective Action(PCA).
After this merger there will be 12 Psbs banks in the country.
Recapitalisation of Public Sector Banks(Psbs) shored up the capital position of Psbs.
Rs. 70,000 crore proposed to be provided to Psbs to boost credit.
Psbs approved loans worth over Rs 37,400
cr for MSME sector under'59 minutes' loan scheme.
The 14 other Psbs declined to gave information on one ground or the other.
Psbs' share in total lending by banks to education sector is about 91.5 per cent.
Psbs are also reported to have filed
26 cases with Police/CBI wherever criminal cases are involved.
In the previous meeting of bankers, the issue related to merger of Psbs was also discussed.
The government also said that the Psbs do not have any plan to shut down their ATMs.
To improve the financial condition of Public Sector Banks(Psbs), the government of India will infuse
₹42,000 crore by March 2019.
As on March 31, 2019, all 18 Psbs meet this minimum CRAR requirement,” he said in the written reply.
As on March 31, 2019, all 18 Psbs meet this minimum CRAR requirement,
the minister said in a written reply.
In terms of the number of frauds, share of Psbs is 55.4%,
private banks 30.7% share, and foreign banks 11.2%.
According to the data, 159 branches of Psbs are operating in foreign countries of which 41
branches made losses in 2016-17.
Congress will amalgamate 2 or more Psbs so that there will be only 6-8 Psbs with a national presence
and reach.
Which committee was constituted to examine setting up of ARC for faster resolution of stressed assets of Public Sector Banks(Psbs)?
The massive fraud in PNB, and perhaps in
other banks too, indicates that little has changed in the systems of Psbs.
The Congress will amalgamate 2 or more Psbs so that there will be only 6-8 Psbs with a national presence
and reach.
According to the data, 159 branches of Psbs are operating in foreign countries,
of which 41 branches were in losses in 2016-17.
SCBs' return on assets(RoA)
remained unchanged at 0.4% between March and September 2017 while Psbs have continued to record negative profitability ratios.
Keeping this in mind, in the nationalisation era, Psbs had taken efforts to improve agricultural
credit by having mandatory priority sector lending.
The government has been infusing capital in some Psbs, which has been just enough to meet
the regulatory minimum including capital conservation buffer(CCB).
SCBs' return on assets(RoA)
remained unchanged at 0.4 percent between March and September 2017 while Psbs have continued to record negative profitability ratios.”.
Rating agency CRISIL has revised its outlook on 18 public sector banks(Psbs) from“negative” to“stable” after the government announced
bank-wise capital infusion and reform plans.
The department of financial services(DFS)
expects“good" recovery of bad loans by the public sector banks(Psbs) in the second quarter of the current financial year.
The report said the
government has been infusing capital in some Psbs, which has been just enough to meet
the regulatory minimum including capital conservation buffer(CCB).