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Latest Articles in PSBs
Banks Vs NBFCs: Why MSMEs Prefer The Latter For Loans
The credit profiles of Indian banks and non-banking financial companies (NBFCs) are expected to remain strong despite the challenging global environment
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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
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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
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RBI Clarifies On Recent Bulletin Article On Privatisation Of PSBs
The article titled, “Privatisation of Public Sector Banks: An Alternate Perspective” published in the August 2022 issue of the RBI bulletin had noted that adopting a “big bang” approach to privatisation of PSBs would do more harm than good
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PSBs To Hold Credit Outreach Drive Across All Districts Tomorrow
The programmes are curated as part of the iconic week celebration of the Finance Ministry under AKAM during June 6-12, 2022
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Nirmala Sitharaman Sets Agenda For State Banks, Specific Plans For North East, Odisha, WB
The EASE 4.0 policy is the Union Government reform agenda for public banks with the objective of institutionalising clean and smart banking. The review meeting headed by Sitharaman was to review the financial performance of the lenders and progress made by PSBs, in order to support the Indian economy affected by the ongoing Coronavirus pandemic.
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Reduction In NPAs For PSBs Due To Write-Offs At Rs 1,31,894 Cr In FY21: RTI
'Reduction in NPA – due to write-off' for PSBs for 2020-21 stood at Rs 1,31,894 crore, the RBI said in the RTI reply.
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Das Asks PSBs To Quickly Implement Measures Announced By RBI
Monetary policy transmission and implementation of Covid-related policy measures taken by RBI too were discussed.
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PSBs not going to raise bank charges in near future, says Finance Ministry
No service charge is applicable on the 60.04 crore Basic Savings Bank Deposit (BSBD) accounts, including 41.13 crore Jan Dhan accounts opened by the poor segments of the society, as per the statement.
Read MoreBanks sanction Rs 1.77 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman
Banks sanction Rs 1.77 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman
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Over 3,400 Branches Of 26 PSBs Closed Or Merged In Last 5 Years: RTI
The RTI information came out at a time when the Centre is planning to consolidate 10 PSBs into four mega state-owned lenders.
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Diluting Govt Stake Below 50% In PSBs No Solution: Unions
Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.
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Sensex Crashes 770 Points, Following Weak Macroeconomic Data
The 30-share index closes 769.88 points, or 2.06 per cent, lower at 36,562.91, while the broader Nifty sank 225.35 points, or 2.04 per cent, to 10,797.90.
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FM Nirmala Sitharaman Announces Mega Merger Of PSBs, Bringing Down Their Number To 12
United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).
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Private Banks May See Q2 Profit Growth, PSB Woes To Persist, Says Study
Private sector banks are likely to see about 5 per cent uptick in earnings while profit of state-owned lenders may drop 12.7 per cent for the second quarter of this fiscal, a report said
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