Inside Bank of Baroda’s silent transformation
1 year, 11 months ago

Inside Bank of Baroda’s silent transformation

Live Mint  

In the last week of September 2021, Mukund Rajan, the former chief ethics officer at the Tata Group, showed a bunch of Bank of Baroda executives a video clip from the 26/11 terror attacks in Mumbai. Led by Sanjiv Chadha, the bank’s current managing director and chief executive officer, the lender is on a mission to reinvent itself by adding a dash of aggression of the private sector. In fact, BoB’s growth rates are now at par with private sector peers and the bank sees a stable performer like HDFC Bank as its true competitor. In the December quarter, BoB’s total loan book grew 19.7% over the year-ago period, same as ICICI Bank’s growth rate, and a tad more than HDFC Bank. However, BoB officials said Chadha is not quite in favour of undercutting other banks and has set a floor price on large loans below which the bank would not entertain new proposals.

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History of this topic

Motilal Oswal prefers private banks over public sector lenders. Here’s why
1 week, 3 days ago

Motilal Oswal prefers private banks over public sector lenders. Here’s why

Live Mint  

FY25 has proven to be a difficult year for the banking sector, with the Bank Nifty index delivering a return of 2.6 per cent compared to the Nifty 50’s modest 0.8 per cent gain. However, MOSL expects this trend to reverse over FY25-27, with PVBs’ earnings growth outstripping that of PSBs, reinforcing its preference for private lenders. Private Banks: Mixed …

Nirmala Sitharaman Says Banking Sector Needs To Continue Focus On Innovation
3 weeks ago

Nirmala Sitharaman Says Banking Sector Needs To Continue Focus On Innovation

ABP News  

Finance Minister Nirmala Sitharaman on Saturday said that the banking sector should continue to focus on innovation and change as the global landscape evolves. Speaking at the launch of the Platinum Jubilee celebrations of Foundation Day of State Bank of India, Sitharaman lauded the lender and said that it has continued to evolve to meet the dynamic landscape and maintained …

'Can’t let big biz into banking yet,' says banker Kundapur Vaman Kamath
3 months, 2 weeks ago

'Can’t let big biz into banking yet,' says banker Kundapur Vaman Kamath

New Indian Express  

MUMBAI: Kundapur Vaman Kamath, the veteran banker who led the rapid growth of ICICI Bank and helmed it for nearly two decades from its inception and make the largest private sector lender within few years, has spoken against allowing corporate houses into banking space, saying the regulator has to be satisfied that they will not misuse public deposits through the …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
4 months, 2 weeks ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks
4 months, 2 weeks ago

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks

Live Mint  

India’s central bank, the Reserve Bank of India, announced on Wednesday that the State Bank of India, HDFC Bank, and ICICI Bank remain designated as domestic systemically important banks. According to the RBI, SBI and HDFC Bank will face heightened capital buffer requirements beginning April 1, 2025. PSBs vs Private banks Separately, a recent report by SBI highlighted robust financial …

Public sector banks beat private peers in net profit growth in Q2 amid sharp fall in provisions: SBI Report
4 months, 3 weeks ago

Public sector banks beat private peers in net profit growth in Q2 amid sharp fall in provisions: SBI Report

Live Mint  

Public sector banks in India have posted significantly higher net profit growth compared to their private counterparts in the second quarter of FY25, according to a recent report by the State Bank of India. Public banks collectively achieved a 39.3 per cent year-over-year increase in net profit, a substantial lead over the 7.1 per cent growth posted by private sector …

FM Asks PSBs to Focus on Core Business, Deposits
7 months, 1 week ago

FM Asks PSBs to Focus on Core Business, Deposits

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Monday asked all the heads of public sector banks to focus on core banking business and speed up the pace of deposit growth by introducing innovative products. “The finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas …

Will Conflict of Interest Allegations Against SEBI Chairperson Madhabi Buch Impact Indian Public Sector Banks?
7 months, 2 weeks ago

Will Conflict of Interest Allegations Against SEBI Chairperson Madhabi Buch Impact Indian Public Sector Banks?

The Hindu  

Published : Aug 15, 2024 11:57 IST - 5 MINS READ The integrity of India’s financial markets has been called into question following allegations of conflict of interest against Madhabi Buch, the current chairperson of the Securities and Exchange Board of India. Notably, the regulatory oversight of SEBI has a deep influence on public sector banks in India, especially those …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
7 months, 2 weeks ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

Congress: Any move to reduce govt stake in 12 public sector banks will be resisted
8 months, 1 week ago

Congress: Any move to reduce govt stake in 12 public sector banks will be resisted

The Hindu  

The Congress on July 19 said any move to bring down the Union government's stake in 12 public sector banks to less than 51 per cent would continue to be resisted forcefully both in Parliament and outside. Over the past seven years, there have been mergers in the public sector banking industry, Mr. Ramesh pointed out "United Bank of India …

Government may introduce amendments to laws to push banking sector reforms in Budget session
8 months, 2 weeks ago

Government may introduce amendments to laws to push banking sector reforms in Budget session

The Hindu  

The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies Act, 1970, and the Banking Companies Act, 1980 are needed for privatisation of public sector banks, sources said. Amendments, if approved by Parliament, would help bring down …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
9 months, 3 weeks ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the …

Banks should improve corporate loans, keep deposit base healthy
10 months ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman
1 year, 1 month ago

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman

Live Mint  

New Delhi: India needs more “SBI-size” banks to meet the growing needs of the economy and industry, particularly as the country aspires to grow to be the world’s third-largest economy, finance minister Nirmala Sitharaman said. In an interview with Mint, the finance minister said the country needs to create an atmosphere so larger overseas banks can enter India, and more …

FM Sitharaman calls for more SBI-sized banks as India’s economy grows
1 year, 1 month ago

FM Sitharaman calls for more SBI-sized banks as India’s economy grows

Live Mint  

Finance Minister Nirmala Sitharaman in an interview with Mint said that the Indian economy is going through a structural transformation and conventional paradigms are being challenged. STRUCTURAL TRANSFORMATION IN RURAL AREAS Nirmala Sitharaman said that the government is working on data to measure the structural transformation in rural areas. "Government is prepared to address any impact on the rural economy …

SBI research finds 3x increase in net profit of banks under Modi govt
1 year, 7 months ago

SBI research finds 3x increase in net profit of banks under Modi govt

Op India  

The Indian banking sector has witnessed tremendous transformation between Financial Year 2013-2014 and Financial Year 2022-2023, revealed a research report by the State Bank of India on Tuesday. Screengrab of the key banking indicators from FY14-FY23, chart via SBI Research/ RBI Moreover, the net profit of banks tripled from ₹809 trillion to 2,480 trillion between Financial Year 2013-2014 and Financial …

Bank of Baroda becomes second PSB after SBI to hit ₹1 lakh crore market cap
1 year, 9 months ago

Bank of Baroda becomes second PSB after SBI to hit ₹1 lakh crore market cap

Live Mint  

Bank of Baroda share price: Despite sell off in key benchmark indices, Bank of Baroda shares continued to attract buying interest by stock market bulls. While ascending to this intraday high, Bank of Baroda share came close to its 52-week high of ₹197.20 per share levels and hit an important milestone of ₹1 lakh crore market capital. After achieving this …

ECONOMIC PERSPECTIVES | Neoliberal dilemma: Public sector banks turn a profit but privatisation not on cards for now
1 year, 9 months ago

ECONOMIC PERSPECTIVES | Neoliberal dilemma: Public sector banks turn a profit but privatisation not on cards for now

The Hindu  

Published : Jun 02, 2023 15:59 IST - 6 MINS READ The government’s economic spokespersons have been celebrating an ostensibly remarkable recovery in the country’s public banking sector. To ensure the solvency of and capital adequacy in banks, the government had to infuse Rs.3,10,997 crore into the public banking system from 2016-17 to 2020-21. Ever since the release of the …

Privatisation Of Banks To Go Forward As Per Schedule: Finance Minister Nirmala Sitharaman
1 year, 10 months ago

Privatisation Of Banks To Go Forward As Per Schedule: Finance Minister Nirmala Sitharaman

ABP News  

Union Finance Minister Nirmala Sitharaman on Monday said the privatisation of public sector banks will go ahead as planned. The minister, while addressing the media on the occasion of the Narendra Modi government completing nine years in power, in Mumbai said, "About the bank privatisation, they will go on as per schedule. "Other than IDBI Bank, we propose to take …

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs
2 years, 1 month ago

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs

Live Mint  

Pune-based Bank of Maharashtra surpassed other public sector lenders in terms of loan growth percentage for the third quarter of FY23. As per an analysis of the latest financial results of public sector banks showed, which PTI cited, BoM bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures. …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
2 years, 2 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

IDBI Bank sell-off can set the stage for selling public-sector banks
2 years, 2 months ago

IDBI Bank sell-off can set the stage for selling public-sector banks

Live Mint  

Tuhin Kanta Pandey, secretary of the department of investment and public asset management, while speaking to Business Standard, recently said that the Indian government intended to exit IDBI Bank completely, as it was not in the business of commercial banking. The stock market doesn’t give a valuation to government-owned or public sector banks that’s close to what it gives large …

RBI Bulletin: Big bang Approach To PSB Privatisation May Do More Harm Than Good
2 years, 7 months ago

RBI Bulletin: Big bang Approach To PSB Privatisation May Do More Harm Than Good

ABP News  

A big bang approach to privatisation of state-run banks may do more harm than good, according to the latest Reserve Bank of India bulletin released on Thursday. The RBI’s paper showed some of the major reasons that public sector banks can serve the country better than private banks include better financial inclusion, better credit system, and better efficiency of the …

SBI says loan demand is bouncing back as its shares outperform peers
2 years, 9 months ago

SBI says loan demand is bouncing back as its shares outperform peers

Live Mint  

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country’s biggest lender, a sign that a recovery in Asia’s third-largest economy is gathering pace. Companies are steadily drawing down from a $71 billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, told Bloomberg News in …

Banks lost ₹2.85 lakh crore due to loan default of 13 firms; UFBU calls for bank strike on December 16, 17
3 years, 3 months ago

Banks lost ₹2.85 lakh crore due to loan default of 13 firms; UFBU calls for bank strike on December 16, 17

The Hindu  

Public sector banks have lost nearly ₹2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In press release, UFBU’s Convener B. Rambabu said the organisation calls for a two-day all India bank …

Former SBI Chairman Rajnish Kumar joins BharatPe board as Chairman
3 years, 5 months ago

Former SBI Chairman Rajnish Kumar joins BharatPe board as Chairman

Live Mint  

Rajnish Kumar, former chairman of State Bank of India, has joined the board of Fintech firm BharatPe as its Chairman. This company has a huge opportunity ahead and it would be great to work closely with its young and talented team to build financial services for the India of tomorrow,” Kumar said. We are confident that under his able guidance, …

Union government lifts ban on private sector banks for govt businesses
4 years, 1 month ago

Union government lifts ban on private sector banks for govt businesses

Op India  

Just days after Prime Minister Narendra Modi hailed the private sector, the union government has decided to lift a ban that was there on private sector banks from government transactions. “Private banks can now be equal partners in development of the Indian economy, furthering Govt’s social sector initiatives, and enhancing customer convenience,” she said. @FinMinIndia @DFS_India — NSitharamanOffice February 24, …

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks
4 years, 1 month ago

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks

Firstpost  

New Delhi: To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks as part of disinvestment drive to garner Rs 1.75 lakh crore. “Other than IDBI Bank, we propose to …

Govt to amend two Acts to enable privatisation of PSU banks
4 years, 1 month ago

Govt to amend two Acts to enable privatisation of PSU banks

India TV News  

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. The ongoing Budget session is scheduled to take up as many as 38 Bills including the Finance Bill 2021, Supplementary Demands for Grants for 2020-21 and related Appropriation Bill, National Bank for Financing Infrastructure and Development Bill, 2021, and Cryptocurrency …

Engaging With RBI on Privatisation of Govt-Run Banks in Big Way, Can't Have Laggards: Nirmala Sitharaman
4 years, 1 month ago

Engaging With RBI on Privatisation of Govt-Run Banks in Big Way, Can't Have Laggards: Nirmala Sitharaman

News 18  

Finance minister Nirmala Sitharaman on Monday told the News18 Network that the government had engaged with the Reserve Bank of India in a “big way” as she outlined a timeline for meeting divestment targets set in her Budget 2021 speech. Speaking to News18 Network’s Editor-in-Chief Rahul Joshi, the finance minister said that the country needs efficient banks for the economy …

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run
4 years, 2 months ago

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run

News 18  

The Economic Survey 2021, released on January 29 ahead of the Union Budget 2021, has called for adequate capitalisation of public sector banks flagging fears of lenders resorting to risk-shifting, which will, in turn, impact the economy which has just begun its upward rise months after the crippling impact of the Covid-19 pandemic. Public sector banks account for 60 per …

Rajan, Acharya may be off mark: PSU banks need strategy and focus to survive, not privatisation as remedy
4 years, 6 months ago

Rajan, Acharya may be off mark: PSU banks need strategy and focus to survive, not privatisation as remedy

Firstpost  

The PSU banks’ problem is often linked to India’s burgeoning fiscal deficit that needs control because pumping taxpayer money into state-run banks is fraught with risks. It is interesting that two of India’s biggest brand-name economists, former Reserve Bank governor Raghuram Rajan and former deputy governor Viral Acharya, have spoken for the “re-privatisation” of public sector banks even as the …

'Privatise Select PSU Banks, Dilute Role of DFS': Raghuram Rajan Calls for Reforms
4 years, 6 months ago

'Privatise Select PSU Banks, Dilute Role of DFS': Raghuram Rajan Calls for Reforms

News 18  

Former RBI Governor Raghuram Rajan on Monday suggested the government to privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the role of Department of Financial Services. “Winding down Department of Financial Services in the Ministry of Finance is essential, both as an affirmative signal of the intent to grant bank boards and …

Mega-Merger Of PSU Banks To Be Effective From Today; Key Points
4 years, 11 months ago

Mega-Merger Of PSU Banks To Be Effective From Today; Key Points

ABP News  

According to the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India. Branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank; Syndicate …

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions
5 years ago

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions

Firstpost  

Recent days have seen RBI governor Shaktikanta Das pulling up public sector banks for poor credit growth even as Kapoor’s Yes Bank shenanigans were simmering in the backdrop. The current crisis in Yes Bank makes for great headlines, with a high-profile founder lending huge amounts to tainted and/or serial borrowers, allegations of political corruption and a general state of injustice …

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman – Firstpost
5 years ago

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman – Firstpost

Firstpost  

New Delhi: The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from 1 April, Finance Minister Nirmala Sitharaman said. As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank; Syndicate Bank …

Why Ridham Desai of Morgan Stanley likes banking stocks
5 years, 4 months ago

Why Ridham Desai of Morgan Stanley likes banking stocks

Live Mint  

India’s banking sector may witness a turnaround, after recent rule changes put banks in a better position to get their money back from insolvent companies, according to Ridham Desai, managing director at Morgan Stanley India Co. A Supreme Court ruling last week not only paved the way for ArcelorMittal’s purchase of Essar Steel India Ltd., an Indian steel mill, but …

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
5 years, 4 months ago

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Firstpost  

Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query Indore: Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under …

Niti Aayog VC pitches for governance reforms in banking sector
5 years, 5 months ago

Niti Aayog VC pitches for governance reforms in banking sector

India TV News  

Niti Aayog Vice Chairman Rajiv Kumar on Friday called for further reforms in banking sector after the recent recapitalisation and mergers, saying banks need autonomy and work at arm's length from the government. Speaking here at the India Economic Summit, Kumar also said the government must consider tapping capital markets and raise long- term funds for creating long-term assets through …

PNB merger to create second largest PSU bank from 1 April. 10 things to know
5 years, 6 months ago

PNB merger to create second largest PSU bank from 1 April. 10 things to know

Live Mint  

In its bid to create "NextGen banks", the finance ministry has decided to merge 10 public sector banks into four. The merger of United Bank of India and Oriental Bank of Commerce with Punjab National Bank will give birth to India's second largest public sector bank after the State Bank of India. The PNB merger, which will make the bank …

PSU bank mergers: Consolidation is no panacea as social banking goals remain with state in a vulnerable economy
5 years, 6 months ago

PSU bank mergers: Consolidation is no panacea as social banking goals remain with state in a vulnerable economy

Firstpost  

Some of the fundamental objectives for which banks were nationalised in the first place remain critical for managing India’s complex economy. Two decades ago, public sector bank executives had to be persuaded to lend more in the aftermath of the Indian Bank scam when they started fearing investigations by law enforcers such as the Central Board of Investigation into what …

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar
5 years, 6 months ago

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar

Firstpost  

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders New Delhi: The government’s decision to consolidate 10 public sector banks into four mega state-owned lenders will act as a building block for achieving $5 trillion economy target, Finance Secretary Rajiv Kumar has …

Nirmala's big bank reform: Will it boost the economy?
5 years, 6 months ago

Nirmala's big bank reform: Will it boost the economy?

India Today  

Four mega mergers of public sector banks, which control a two-third of India's banking in terms of advances and deposits, are meant to create a stepping stone to the government's $5 trillion GDP target. Experts suggest there should be a differentiation in terms of product category, say SME or emerging corporate focused banks or purely retail banks or large corporate …

Banks merger reflects govt resolve to address economic slowdown: India Inc
5 years, 6 months ago

Banks merger reflects govt resolve to address economic slowdown: India Inc

India TV News  

The government's move to consolidate public sector banks indicates its resolve to address the slowdown in GDP growth, as the country's economy expanded at its weakest pace in over six years in the April-June quarter of 2019-20, the industry said on Friday. A sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's gross domestic product growth …

Govt unveils mega bank mergers to revive growth from 5-yr low
5 years, 6 months ago

Govt unveils mega bank mergers to revive growth from 5-yr low

India TV News  

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low. Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set …

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities
5 years, 7 months ago

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities

Firstpost  

After the bank merger, only 12 PSBs will be left in India from the 27 earlier After the announcement of the foreign direct investment, in a major reform measure, the Central government on Friday amalgamated 10 public sector banks into four entities, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders …

Govt announces sweeping governance reforms for PSU bank boards
5 years, 7 months ago

Govt announces sweeping governance reforms for PSU bank boards

Live Mint  

The government on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India to create the second-largest banking network in the country with 11,431 branches. "Punjab National Bank, Oriental Bank of Commerce and United Bank will be brought together and they shall form the second largest public sector bank with the business of …

How boards can improve bank performance
5 years, 7 months ago

How boards can improve bank performance

Live Mint  

Indian public sector banks remain in a slump. Researchers Rekha Misra and Anwesha Das find that better corporate governance can increase bank profits and boost investor confidence. They compare the status of corporate governance in Indian banks across both public and private sectors by calculating a board composition index for banks. They also find a greater variation in index scores …

Nationalisation of banks: Govt can continue to own banks, but management must be made professional
5 years, 8 months ago

Nationalisation of banks: Govt can continue to own banks, but management must be made professional

Firstpost  

Also, the PSBs have taken up technology quite well with core banking now virtually omnipresent. The nationalisation of banks was probably one of the boldest steps taken by the government in 1969 as the decision had many motives including bringing about balanced economic development and resolving the unemployment issue. Notwithstanding the fact that the PSBs today have the negatives of …

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