By Anjana Das New Delhi: The Finance Ministry has asked the six remaining public sector banks, currently under Prompt Corrective Action (PCA), to improve on seven parameters to get the government’s support for coming out of the PCA framework. “We have told these banks to improve upon net interest margins[Read More…]
Tag: public sector banks
RTI discovers Rs 93.82 crore deposited in a single Jan Dhan account
A Right to Information (RTI) query reveals of an account opened in a government-owned United Bank of India under Pradhan Mantri Jan Dhan Yojana having an enormous amount of as much as Rs 93.82 crore deposited. Moreover, other nationalised banks also have accounts that received deposits of such a large[Read More…]
Move to examine NPAs above Rs 50 cr will cleanse banking system: Ficci
New Delhi: A day after the government set a 15-day deadline for public sector banks (PSBs) to examine all non-performing assets above Rs 50 crore for possible fraud and to identify operational and technical gaps, industry chamber Ficci on Wednesday said the move would help in ensuring the much-required cleansing[Read More…]