Private lenders report more frauds but PSBs' amount higher
Frauds in public sector banks were mainly in loan portfolios
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FM chairs meeting to review preparedness of PSBs
A discussion was held with the MDs and CEOs of PSBs on the global scenario comprising the failure of Silicon Valley Bank and Signature Bank.
Banks reported frauds worth ₹19,485 cr in H1 FY23: RBI
The number of financial frauds rose to 5,406 in the first six months of the financial year 2022-23 compared with 4,069 in the corresponding period a year ago.
Govt extends tenure of PSU bank MDs to 10 years
The tenure of CEOs and MDs of public sector banks has been extended to 10 years, subject to superannuation age of 60 years.
Should India go for wholesale privatisation of banks?
The arguments not only lack substance and perspective, they come from "source" or non-official channels with the Centre maintaining a strategic silence.
‘Job-loss’ growth needs a dedicated employment policy
With millions dropping out of workforce, India needs an employment policy and planning to generate new jobs, besides identifying and filling vacancies in central PSUs, PSBs and other of its entities
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Has Covid-19 made PSBs more vulnerable?
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
Budget proposes cleansing mechanism for PSBs
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
