public sector banks - Latest News, Analysis, Opinion

It was also stated that the selections were based on “their performance in the interface, their overall experience and the extant parameters”

Govt Urges IBA To Finalise Wage Revision Of Public Sector Bankers

The Finance Ministry has asked IBA and unions to finalise wage hikes by 1 December 2023

Meet Credit Target To Street Vendors Under PMSVANidhi: FM Sitharaman

The momentum of disbursals gained under PMSVANidhi should be sustained, says Union Finance Minister Nirmala Sitharaman

FM Nirmala Sitharaman Chairs Meeting To Review PSBs Performance

All the major financial parameters such as credit deployment, profitability, asset quality, capital adequacy etc indicate that the performance of PSBs has significantly improved

Centre Authorises PSBs, Select Private Banks To Implement Mahila Samman Savings Certificate

The scheme has been made available in all 1.59 lakh post offices from 1 April 2023, when the finance ministry formally issued the notification

PSBs' Total Market Cap Rises From Rs 4.52 Lakh Cr In Mar'18 To Rs 10.63 Lakh Cr In Dec'22

According to MoS Karad, the capital adequacy ratio of PSBs has improved significantly from 11.5 per cent in March 2015 to 14.5 per cent in December 2022

Canara Bank Bags Banker’s Bank of the Year Award 2022 For India Segment

The MD and CEO of Canara Bank, L V Prabhakar attended the award ceremony held on December 1, 2022 in London

FM Appeals PSBs To Give Easy Loans To Kisan Credit Card Holders

The Finance Minister had a long conversation with the Chief Executive Officers (CEOs) of public sector banks a few days ago

Public Sector Banks Are Hiking Loan Interest Rates In September

Canara Bank on Tuesday has increased the benchmark marginal cost of funds based lending rate (MLCR) by up to 0.15 per cent

Finance Ministry Examines Performance Of PSU Banks

Public sector banks (PSBs) were reviewed by the Finance Ministry on Tuesday in light of first-quarter numbers and asked to increase lending to productive sectors

Profit Of Public Sector Banks Rises 9% To Rs 15,306 Cr In June Qtr

MTM losses occur when the financial assets held are valued by the market at a price lower than the purchase price

FinMin Asks PSBs To Expedite NPA Resolution; Focus On Credit Growth

During the Iconic Week celebration of the finance ministry earlier this month, banks conducted outreach programmes across the country where eligible borrowers have sanctioned loans on the spot

Frauds In Public Sector Banks Fall 51% But Not Falling Fast Enough: RBI

The 12 PSBs (Public Sector Banks) had reported frauds worth ₹ 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an application under the Right to Information (RTI) Act

LIC IPO: FinMin Prohibits Transfer Of Associated Bank Employees