In a major headache for Public Sector Banks (PSBs) in the country, the recovery rate of non performing assets (NPA), which were written off, has been declining.
The Union government has informed the Parliament that the regulations framed by the Reserve Bank of India (RBI) apply equally to both public and private sector banks.
Bank Unions Have Gone on the Offensive Against the Rising Chorus for Privatisation of Public Sector…
Bank unions have gone on the offensive against the rising chorus for privatisation of public sector lenders (PSB) in the wake of the PNB scam.
The Union government on Wednesday announced the detailed contours of the recapitalisation plan for public sector banks (PSBs)
Among the nationalised banks, Punjab National Bank topped the chart with 143 non-performing asset (NPA) accounts carrying over Rs 100 crore each.
The finance ministry has approved proposal for infusion of Rs 7,577 crore in 6 weak public sector banks (PSBs) as part of the recapitalisation plan to bolster capital adequacy ratio.
Last year, five associates and Bharatiya Mahila Bank merged with State Bank of India (SBI), catapulting the countrys largest lender to among the top 50 banks in the world.
The finance ministry has asked public sector banks (PSBs) to look at rationalising their domestic and overseas branches as part of the reform process.