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7
June 2018
 |
PSU banks (The Total Investment & Insurance Solutions)
Finance Minister Piyush Goyal will meet heads of public sectors banks
(PSBs) based out of western and southern regions tomorrow to resolve various
issues concerning them. The Total
Investment & Insurance Solutions
According to sources, the meeting is being organised by State Bank of
India (SBI) and will be chaired by Goyal in Mumbai.
In all 15 CEO of PSBs from the two regions will participate in the
meeting to discuss the way forward for the Indian Banking system, they said.
This is the first meeting with the heads of the PSBs after their annual
financial result for 2017-18. Most of the banks posted loss in the fourth
quarter of the last fiscal. The Total
Investment & Insurance Solutions
The Nirav Modi fraud-hit Punjab National Bank alone posted a loss of Rs
13,416.91 crore for the quarter ended March 31, the largest ever quarterly loss
by a bank. The Total Investment &
Insurance Solutions
PNB provided for Rs 7,178 crore, 50 per cent of the total amount of Rs
14,356 crore liability with regard to Nirav Modi fraud in the fourth quarter of
2017-18. The remaining amount will be covered in the three quarters of the
current fiscal year.The Total
Investment & Insurance Solutions
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