PSB branches will work fulltime on the 1st and 3rd Saturday.
RBI has cited at least 10 areas where it has no control over PSBs.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
In fact, some private sector lenders have decided to skip advertising these altogether.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
The need to allow government shareholding in public sector banks to come down below 51 per cent
Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
In 2010, ministry told its officers nominated on PSB boards to stay away from big-loan panels; central bank followed suit.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
Given that it is only a temporary breather for PSBs, the government now needs to look at the harder options.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
A'Market valuation is another concern.'
'India is trading at steep valuations and there have been a number of IPOs, especially in the insurance sector, that have had an impact on secondary market liquidity.'
Instructions were issued on holding loan camps in the last week of September.
Invest 5 to 10 per cent in a banking sector fund. Ensure that mutual fund's portfolio includes all three players -- private sector banks, public sector banks and NBFCs.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Banks will need more funds, as they have to provide more capital.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
After a gap of about five years, a public sector bank (PSB) has decided to rope in a cricketer to boost its brand.
'All governments try owning the message, but the Modi-Shah BJP has developed it into a fine art.'
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
A section of analysts feel now may not be a bad time to buy select PSBs.
Move comes after the country's monetary authority tightened credit norms
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
'Jaitley should get the GST and multi- brand retail bills passed to achieve 9%+ growth.'
One can expect significant changes at India's banks in ensuing months.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Gold has pushed lower as a result of Chinese selling.
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