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Tag: Psb

FM Asks PSBs To Lend, Not Earn Via Reverse Repo Rate

New Delhi: Finance Minister Nirmala Sitharaman on Friday asked the public sector banks (PSB) to use funds for retail lending and to provide liquidity to the NBFCs instead of parking it with the Reserve Bank of India (RBI). Speaking at an Assocham’s centenary event, Sitharaman asserted that there was a lot talk about there liquidity […]

Weak governance in PSBs resulting in high NPAs: Shaktikanta Das

Ahmedabad/New Delhi: Reserve Bank of India Governor Shaktikanta Das on Saturday called for strong corporate governance culture and accountability in public sector banks (PSBs) to check ballooning non-performing assets (NPAs). “Many of the problems that currently seem to affect the PSBs such as the elevated levels of NPA, capital shortfalls, frauds and inadequate risk management […]

No MSME Loans As NPA In FY20 Fiscal, PSBs To Hold Loan Melas: FM

New Delhi: In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit “shamiana meetings” in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers and banks won’t declare any stressed loan account of MSMEs as NPA till March 2020 […]

SBI job notification in May 2019
Auto Slowdown: SBI Waives Processing Fee On Car Loan, More PSBs To Follow

New Delhi: In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest. The move is likely […]