QBiz: PNB Blocks 6 NPAs; Govt May Give Rs 30,000 Cr to PSU Banks

Public-sector banks appear to have borne the brunt of the fraud-spike, with the Punjab National Bank, which lost a sum of Rs 2,310 crore ($355 million), topping the list, followed by the Central Bank of India, where the lost amount stands at Rs 2,150 crore ($330 million), the data further reveal.

VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA). The VA Home Loan was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit.

The Central Government will offload its 4 per cent share in Hindustan Copper Ltd (HCL), starting the 730,000-crore disinvestment programme for the current fiscal. This will be the first stake sale in any public sector undertaking (psu) in the current financial year, during which the government plans to raise Rs 30,000 crore by way of disinvestment.

The ADB will provide Rs 1,650 crore. The first budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman on the backdrop of India’s economy hitting.

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FinMin assessing capital needs of PSU banks; Budget may make provision for Rs 30,000 crore 16 Jun, 2019, 02.47PM IST. Besides, if the government goes for another consolidation like Bank of Baroda, the three-way merger would also require additional capital, the sources said.

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The ADB will provide Rs 1,650 crore. The first budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman on the backdrop of India’s economy hitting.

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FinMin assessing capital needs of PSU banks; Budget may make provision for Rs 30,000 crore.. PNB puts on block 6 NPAs with outstanding of over Rs 1,000 crore. GST Council may give 1-year.