Page-2 of PSBs

Union Cabinet approves merger of SBI, 5 associate banks

February 16, 2017

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the merger of State Bank of India (SBI) with five of its associate/subsidiary banks. These five subsidiary banks are State Bank of Bikaner and Jaipur, State Bank of ..

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Gross NPAs of PSBs touch over 6 lakh crores in July-September 2016

November 30, 2016

The Union Government has announced that the gross non-performing assets (NPAs) of the Public sector banks (PSBs) have touched around 66 lakh 40 thousand in the three months period from July to September 2016. As on September 30, 2016 gross ..

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16 of 22 PSBs skip paying dividends to Government due to mounting NPAs

November 21, 2016

As many as 16 of 22 public sector banks skipped paying dividends to Government in fiscal 2015-16 due to issue of mounting bad loans. It has led to a 67% decline in government receipts to Rs. 1,444.6 crore. Only six ..

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Vinod Rai appointed as first Chairman of Banks Board Bureau

February 28, 2016

Former Comptroller and Auditor General (CAG) Vinod Rai has been appointed as the first Chairman of Banks Board Bureau (BBB). His appointment comes after Prime Minister has approved the proposal of the Department of Financial Services for the constitution of ..

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Government Issues Norms for Selection of CEOs and MDs of Smaller PSU Banks

August 21, 2015

After the irk raised due to appointment of two private sector bankers to head Bank of Baroda and Canara Bank the government has issued norms for selection of MDs and CEOs in Mid and Small Public Sector Banks (PSBs) on ..

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Union Government appoints two private sector professionals to head BoB, Canara Bank

August 17, 2015

Union government has appointed two private sector banking professionals as Managing Director (MD) and Chief Executive Officer of Bank of Baroda (BoB) and Canara Bank. This is the first time that Union government has appointed the two candidates from the ..

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Union Government unveils Indradhanush Mission for PSBs

August 16, 2015

Union Government has launched a seven pronged plan called Indradhanush Mission to revamp functioning of public sector banks (PSBs). It was launched by Union Finance Minister Arun Jaitley in New Delhi. Facts about Indradhanush Mission The seven shades of Indradhanush ..

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Union Government to form Bank Board Bureau

August 16, 2015

Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). It was announced by Union Finance Minister Arun Jailtley as part of a seven-pronged revamp plan ..

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