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IDBI Bank to sell stressed assets worth Rs.10,000 crore in 2019

IDBI Bank, one of the public sector banks in the country, is planning to sell Rs.10,000 crore worth ($1.4 billion) of its stressed assets...

Fin. Ministry: 3 to 4 PSBs expected to come out of...

The Finance Ministry of India expects three or four public sector banks (PSBs) to be removed from the Prompt Corrective Action (PCA) within this year. This action by...

Govt. announces Rs.48,239 crore bank recapitalisation plan to help PSBs

The government has announced a new bank recapitalisation plan on Wednesday to help struggling public sector banks boost their growth. Under this plan, 12 public sector...

Parliamentary panel report seeks relaxation of capital requirements for Indian banks

A Parliamentary Committee on finance has requested the Reserve Bank of India (RBI) to relax its norms on capital requirements for public-sector banks in the country. The committee has...

Allahabad Bank to receive capital infusion of Rs.30.5 billion from the...

With the public sector bank being earlier put under prompt corrective action (PCA) by the Government of India for their net losses caused by...

Undeclared NPAs in FY2018 amount to Rs.3 lakh crore, says TU...

Undeclared non-performing assets (NPAs) in the books of various lenders in the country may amount to Rs.3 lakh crore as of March 2018. These...

PNB receives Rs.2,816 crore capital infusion from the government

India’s second largest public sector bank Punjab National Bank (PNB) received Rs.2,816 crore under the capital infusion program proposed by the government. PNB announced...

Allahabad Bank plans to shut down branch in Hong Kong

For public sector banks that have reported net losses and showing no signs of improving the ratio of their non-performing assets, the Government of...

Despite NPAs, banks not in their worst state says S&P Chief...

While it almost seems that banks need to sound the alarm bells for the news surrounding them of late, the latest statement by the...

Allahabad Bank to raise Rs.1,900 crore through issuance of equity shares

Allahabad Bank, one of the state-owned banks in the country, aims to raise about Rs.1,900 crore through various means. While the total requirement is...