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canada goose store Jun 17, 2020 09:45 PM IST PNB’s purchase of Audi cars for top brass: Government tells public sector banks to defer avoidable expenditure In a detailed advisory to the heads of all public sector banks, the Department of Financial Services (DFS) said it was necessary that the banks take appropriate measures to ensure productive use of their financial resources for core business activities.Jun 11, 2020 07:00 PM IST Do public sector bank employees deserve better pay? Private sector banks reward employees based on performance linked compensation models specific to individual institutions. As against this, traditionally, salary of a PSB employee is decided through negotiations between the IBA (Indian Banks Association) and trade unions negotiations once in every five years.Jun 10, 2020 11:59 AM IST FM Nirmala Sitharaman asks public sector banks to be proactive in lending to MSMEs FM Nirmala Sitharaman was reviewing the progress of the Rs 3 lakh crore Emergency Credit Guarantee Scheme for MSMEsMay 12, 2020 02:35 PM IST Public sector banks sanction loans worth 6 lakh crore in two months With the lockdown coming into effect from March 25, state owned banks opened an additional line of credit of 10 percent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore.Apr 16, 2020 01:58 PM IST Coronavirus pandemic: To prevent NPAs, government needs to infuse specific fund related capital For credit flow to remain smooth, public sector banks need to be recapitalised adequately or issue a promise of capital, so that the banks are able to provide for the impending surge in NPAsDec 20, 2019 04:05 PM IST Public sector bank unions to join January 8 general strike: Report Demands of the banking sector include strengthening of PSBs, more bank branches in unbaked and rural areas, no privatisation and no shutting down of bank branches.Nov 19, 2019 08:50 PM IST India’s state run banks report frauds of over $13 bn in 6 months: FM Nirmala Sitharaman Between April and September this year, as many as 5,743 cases of fraud were reported.Oct 23, 2019 08:20 AM IST Disagree with Abhijit Banerjee’s idea of privatisation of public sector banks: Jairam Ramesh The former Union minister’s remarks came after Banerjee, at a media interaction earlier in the day, termed the banking crisis in the country “frightening” and called for reduction of government stake in public sector banks to deal with the situation.Oct 14, 2019 02:48 PM IST Loan melas Banks disbursed Rs 81,781cr loans from October 1 9: Finance Secy In order to ensure liquidity for small businesses, Sitharaman said banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporatesOct 09, 2019 09:25 PM IST Depositors switch to long term maturities in hunt for higher rates As the rates go down, depositors tend to lock in at longer maturities in anticipation of more cuts.Oct 09, 2019 07:34 PM IST Reporter’s Take Why average deposit rates for public sector banks are moving up Interest rates, both lending as well as deposits, are on their way down. However, a different trend is being seen in the case of PSBs.Aug 30, 2019 07:32 PM IST Govt merges 10 banks into 4: A low down on the mega PSB consolidation The Indian banking system is dominated by public sector banks and these reforms will have an impact on the entire industry.Aug 30, 2019 07:07 PM IST Implications of FM Sitharaman’s mega bank merger plan and what brought it about Merging weaker banks with stronger ones will erect a protective ring for depositors and shareholders.Aug 30, 2019 05:54 PM IST Punjab National Bank to merge with OBC, United Bank to form India’s 2nd largest PSB The consolidated bank will have the second largest branch network in India hereafter, with 11,437 branches.Aug 30, 2019 02:44 PM IST Modi govt may soon announce mega merger plan for public sector banks: Report Chief executives of ten PSBs have been called for a meeting on August 30 by the finance ministry’s department of financial services.Aug 26, 2019 01:19 PM IST Pay gap between public and private sector bank chiefs widens This difference in total daily remuneration has widened by about Rs 70,000 since FY17, when it was Rs 1.7 lakh canada goose store.