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Hyderabad: Public Sector Banks (PSBs) will go on strike on December 16 and 17 protesting against the Union government’s move to privatise PSBs. The United Forum of Bank Unions (UFBU), an umbrella organisation of nine employee unions and associations in the banking industry, has given the call for the two-day strike. UFBU is opposed to […]

With quick loans, borrowers can improve their revenue streams to service future loans, prevent NPAs and raise deposits

A nodal officer has been appointed to deal with this subject in the finance ministry for escalating the matter to the competent authorities for further action, the sources added.

The impact will be more if the government chooses to privatise the weaker banks, which are yet to be consolidated, Ind-Ra added.

"Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore," Finance Minister Nirmala Sitharaman.

"Banks have been able to raise a lot of money from the markets. About Rs 40,000 crores have been raised by the public sector banks both in the form equity and also AT1 and Tier II bonds.