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NEWS
CAG writes to RBI on banks' status post-recap over the past 5 years
Mon, Dec 28, 2020     Source : Business Standard
Wants RBI to give performance details over the past five years
NEWS
Government may keep FY19 bank recapitalisation target at Rs 65,000 crore: ICRA
Thu, Dec 13, 2018     Source : Economic Times
The government is likely to keep its bank recapitalisation target unchanged at Rs 65,000 crore for the current financial year as lenders under RBI's prompt corrective action (PCA) framework will not mainta...
NEWS
Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank
Tue, Sep 18, 2018     Source : Mint
The merger of Bank of Baroda, Dena Bank and Vijaya Bank set to create India’s third-largest bank with a total business of more than ?14.82 trillion
MUTUAL FUNDS NEWS
Brokers like PSU bank stocks, but mutual fund managers continue to avoid
Thu, Mar 08, 2018     Source : Mint
There are more buy ratings for most-tracked PSU banks, with the exception of fraud-hit PNB, now than when the bank recapitalization plan was announced in October
NEWS
Credit growth reviving but banks must ensure quality of loans, says N.S. Vishwanathan
Wed, Feb 07, 2018     Source : Mint
The govt’s recapitalization of public sector banks along with signs of slower additions to the bad loan pile have improved the prospects of the banking sector, said RBI deputy governor
NEWS
Banks seen increasing deposit rates in near term: Icra
Wed, Jan 31, 2018     Source : Mint
Icra in a report says it anticipates an imminent increase in competition for deposit mobilisation and an upward movement in deposit rates
NEWS
Bank recap: CRISIL upgrades outlook on 18 PSBs from negative to stable
Sat, Jan 27, 2018     Source : Business Standard
CRISIL said ratings assigned to Basel III tier I bonds have been reaffirmed for nine PSBs and outlook has been retained as 'Negative'
NEWS
Govt kicks off banking reforms, to infuse Rs88,000 crore in PSU banks by March
Thu, Jan 25, 2018     Source : Mint
PSU banks will be capitalised in 2017-18 through a mix of recapitalisation bonds (Rs80,000 crore) and direct infusion from budgetary allocations (Rs8,139 crore)
NEWS
Government may directly fund Rs 1.35-lakh crore bank recapitalisation
Thu, Nov 30, 2017     Source : Economic Times
North Block is likely to directly issue Rs 1.35 lakh crore of bank recapitalisation bonds, taking the entire liability of repayment and interest in the central budget, as it seeks to extricate state-run le...
NEWS
PSU banks line up to raise funds after recapitalisation plan, Moody’s rating upgrade
Wed, Nov 22, 2017     Source : Mint
After the govt announced the bank recapitalisation plan on 24 October, PSU banks have announced plans to raise more than Rs13,000 crore through QIPs as against a total of Rs8,419 crore raised in the last f...
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Will Midcaps outperform Large caps in 2020?
Feb 17 , 2020
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