Tag: Psu Banks

Privatisation Of  PSBs: Bank Unions Threaten Two-Day Nationwide Strike
Privatisation Of PSBs: Bank Unions Threaten Two-Day Nationwide Strike

UFBU has decided to oppose the move for privatisation, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said in a statement. Strike notice for December 16 and December 17, 2021, has been served by UFBU on the IBA, he said.

  • Wednesday, 01 December 2021
PSBs' gross NPA ratio may fall to 9% by March 2020: RBI

Mumbai: The RBI on Thursday said PSU banks’ gross non-performing asset (GNPA) ratio may decline from 9.3 per cent in March, 2019 to 9.0 per cent in March, 2020, hinting at the reversal of the NPA cycle gripping the state lenders. Underlining the strength of the banking sector while covering for the bad loans, it […]

  • Thursday, 29 April 2021
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
PSU banks lose on BSE post merger announcement

Mumbai: State-run banks on the exchanges traded on a weak note during the early trade on Tuesday after the government announced plans to merge 10 public sector banks into four. Punjab National Bank which will be merged with the Oriental Bank of Commerce and United Bank of India, fell over 7 per cent, the most […]

  • Monday, 26 April 2021
Markets Open On Positive Note, PSU Banks Up

Mumbai: Indian markets opened higher on Wednesday led by gains in banks and financial sector stocks amid supportive global markets. At 9.45 a.m., the Sensex was trading 121.86 points higher at 38,627.95. It opened at 38,637.05 from its previous close of 38,506.09. The broader Nifty also gained 47 points to trade at 11,461.55 points in […]

  • Saturday, 24 April 2021
Allahabad Bank, UCO Bank, IOB Get Rs 8,655 Cr Fund Infusion

New Delhi: Three loss-making PSU Banks — Allahabad Bank, Indian Overseas Bank and UCO Bank – have got Rs 8,655 crore fresh capital infusion from the government. The Finance Ministry has approved infusing fresh capital amounting to Rs 2,153 crore in the Allahabad Bank, Rs 2,142 crore in the UCO Bank and Rs 4,360 crore […]

  • Wednesday, 21 April 2021
'Mega bank mergers working smoothly without heartburns'

Chennai: The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees’ Association (AIBEA). The AIBEA is the largest union in the banking sector […]

  • Friday, 16 April 2021
Nationwide Strike Impacts Banking Services Of PSU Banks

New Delhi: Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions (UFBU) have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders. UFBU, an umbrella body of nine unions, had given a strike call […]

  • Saturday, 03 April 2021