Page 2 of PSBs

Niramala Sitharaman, public sector banks, PSB, Reserve Bank of India, RBI, top news, latest news, business news,

FM Niramala Sitharaman to meet heads of PSBs on Sat; review progress of implementation of govt schemes

PSU banks have earned a net profit of about Rs 68,500 crore during the first six months of the current…

December 26, 2023 18:59 IST

public sector banks, Wage hike, PSB staff, wage hike in bank, bank news, sbi, bank of baroda, pnb bank, latest news, top news, business news,

Wage hike decision for PSB staff likely by mid-December

According to a source in the finance ministry, the wage revision and change in work days will also be applicable…

November 28, 2023 00:30 IST

SBI chief Dinesh Khara likely to get extension as govt mulls relaxing retirement age of PSB heads, MDs

Veteran banker Khara took over as the chairman of SBI in October 2020 for three years.

August 26, 2023 21:08 IST

PSB, PSB stocks, PSB share, Nifty PSU Bank index

PSB stocks gain 8.5% in five sessions

All 13 of the index components advanced. PNB was the biggest gainer with a 5.9% rise, followed by JK Bank…

July 5, 2023 00:45 IST

Public Sector Banks, Public Sector Banks News, mahila samman news, PSB

PSBs, eligible pvt banks authorised to implement Mahila Samman Savings Certificate

Key features of the scheme include attractive and secured investment option to all girls and women and the deposit made…

June 30, 2023 17:54 IST

Expansion push: PSBs engage more biz correspondents

Punjab National Bank has almost doubled its BC outlet network from 12,831 in December 2021 to 22,607 in December 2022.

Updated: May 16, 2023 07:27 IST

MCLR lending high at PSBs

Loans linked to the marginal cost of lending rate (MCLR) account for a larger portion of state-owned banks’ floating rate…

March 24, 2023 04:45 IST

Rajat Tiwari, Investment Baker, who is Rajat Tiwari, World Finance Summit in UAE 2023

PSU bank reforms: The road ahead for creating well-governed, efficient, financially prudent state lenders

In the current scenario, when questions are being raised on the lending practises and risk analysis capacity of state-run lenders,…

March 7, 2023 13:12 IST

education loan, nbfc on education loan, education loan interest rate,

NBFCs outscore PSBs in NPA-prone education loans

In September 2020, the RBI increased the threshold for education loan under priority sector lending to Rs 20 lakh from…

December 24, 2022 02:15 IST

According to the earlier rules, the MD or the executive director of a public sector undertaking bank was eligible for a maximum tenure of 5 years or until they reach 60, whichever was earlier.

Govt extends tenure of PSB MDs to 10 years

The move will help the government retain talents, who rise through the ranks relatively quickly at state-run banks. It will…

November 19, 2022 06:15 IST

PSB stocks were eight out of the top 10 performers in the past three months.

PSB stocks outperform private peers in CY22

The valuation discounts (ex-SBI) have meaningful room to narrow as multiples are still one-third of private sector peers for a…

November 18, 2022 02:15 IST

PSU Banks, PSU Banks market share, PSU Banks share

PSU Banks may arrest decline in market share

In addition to cleaning up their balance sheets, PSBs have also improved their loan-processing systems, which will hold them in…

November 12, 2022 02:15 IST

Capital infusion into PSBs unlikely in FY23, a first in 15 years

No plan for supplementary demand

October 25, 2022 00:45 IST

Govt asks PSBs to review performance of digital banking units

While there is no immediate plan to raise the number of the DBUs from the current 75, if these units…

October 22, 2022 03:45 IST

This economic structure was well aligned with the contemporaneous banking structure where public sector banks owned roughly 90 per cent of total banking assets in India, especially after two major episodes of nationalisation of banks (1969 and 1980).

Consolidation of PSBs has not impacted their outreach, says RBI Deputy Guv Rao

The genesis of financial sector reforms in India could be attributed to the recommendations of the Committee on the Financial…

October 21, 2022 22:31 IST

IDBI Bank sale, IDBI Bank, IDBI Bank privatisation, IDBI Bank disinvestment

IDBI Bank sale to herald PSB privatisation: Tuhin Kanta Pandey

EoI for strategic disinvestment of the lender soon

September 15, 2022 01:45 IST

Additionally, the banks’ asset quality started worsening from 2013-14 onwards, with the gross and net nonperforming assets (NPA) ratios rising from 2.3% and 1.1%, respectively, in 2007-08 to 9.1% and 3.7% in 2018-19. The soundness of public sector banks remains a challenge as asset quality issues were more pronounced for them.

PSBs need more autonomy to deal with frauds: RBI study

The banking sector registered 6,801 frauds to the tune of Rs 71,543 crore in FY19, 53% of which were related…

August 20, 2022 03:30 IST

Government ceding control could impact PSBs’ credit profile, ratings: India Ratings

The government’s ceding of ownership and control of public sector banks (PSBs) could have significant implications for their credit profile,…

August 17, 2022 18:34 IST

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In big admission, Canada says Khalistani terror groups raise funds from its soil: Report

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