Three large PSU banks get new heads
Bank of Baroda, Bank of India, and Canara Bank have finally got new MD and CEOs.
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UTI AMC seeks SEBI nod for IPO
UTI AMC files DRHP with SEBI to list shares on stock exchanges. State Bank of India, LIC, Bank of Baroda, Punjab National Bank, and T. Rowe Price are set to reduce their stake via an offer for sale.
DHFL’s resolution plan ready for NCLT
Banks led by State Bank of India had finalised a resolution plan for DHFL when a court case scuttled it at the last moment. A revised plan is expected to be ready by Monday.
Pvt sector leaders in PSBs: End of an experiment
The government’s experiment in hiring talent from the private sector to head public sector banks has ended with former Citibanker P.S. Jayakumar leaving Bank of Baroda.
Top three public sector banks post cheery Q1 results
State-owned lenders SBI, BoB, and PNB have all posted profits for the quarter ended June 30. Recoveries have been flat but cutting interest rates on deposits should help increase their margins.
Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
PNB’s road to recovery
A year after it was hit by the biggest banking scandal in the country’s history, PNB chief Sunil Mehta is steering the bank towards financial stability.
Big churn at banks leaves search firms troubled
As RBI keeps a hawk’s eye, finding the right candidates for the top jobs will be a challenge.
Expect ₹1.8 lakh crore NPA recovery this year: govt
Finance minister Arun Jaitley says the government is committed to aiding and recapitalising PSU banks
Health check: The big bank merger
The proposed consolidation of Bank of Baroda, Dena Bank, and Vijaya Bank will see a mega-bank with assets of ₹606,782 crore, and combined gross non performing assets (NPAs) of ₹79,320 crore
