Page 3 of PSBs

Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent. However, leading public sector lenders -- SBI and PNB -- posted lower profits in the June quarter.

Lower bad loans push PSU banks’ profitability in June quarter

Out of the total amount, Rs 34,997 crore was sourced through budgetary allocations and Rs 2,76,000 crore through issuance of…

August 11, 2022 17:13 IST

While the government proposed privatisation of two PSBs in the last Budget, sections within it feel that the process could be initiated only after more consultations among stakeholders, particularly potential investors.

Public-sector banks privatisation off agenda; PSB Bill unlikely in monsoon session

The Bill proposes to “effect amendments in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidental…

July 14, 2022 03:15 IST

IBA seeks bids from advisory firms for designing leadership development programme for PSBs

The bidder will be selected under the Quality cum Cost Based System (QCBS) with weightages of 80:20 (80 per cent…

Updated: January 17, 2023 18:35 IST

The meeting, convened by the department of financial services, came at a time when the government wants banks to satiate the growing credit appetite of a fast-recuperating economy that is also facing considerable external headwinds in the wake of the Russia-Ukraine conflict.

Finmin asks PSBs to support growth with adequate credit to industry

Non-food bank credit grew 11.3% on year in April, compared with 9.7% in the previous month and 4.7% a year…

June 21, 2022 06:00 IST

She will also review the progress of various financial inclusion and other schemes of the govenrment, including those announced as part of the Atmanirbhar Bharat initiative.

Finance minister Nirmala Sitharaman to review large NPAs, asset quality of public-sector banks on June 20

On May 4, the Monetary Policy Committee (RBI) resorted to an out-of-cycle repo rate hike by 40 basis points, the…

June 18, 2022 06:30 IST

At the same time, all PSBs will also create a bank-specific 3-year strategic road map. This will entail strategic initiatives beyond EASE 5.0. The initiatives will be across diverse themes, including business growth, profitability, risk, customer service, operations, and capability building.

Public-sector banks to firm up 3-year road maps under new initiative

EASENext, the latest and revamped version of the EASE (Enhanced Access and Service Excellence) reform programme for PSBs, will have…

June 9, 2022 06:15 IST

Their demands included updation and revision of pension for all pensioners and doing away with the national pension scheme and restore old pension scheme for all bank employees, AIBEA general secretary C H Venkatachalam said after the meeting of UFBU.

Public sector bank employees threaten to go on strike on June 27

The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers’ Confederation…

June 8, 2022 20:46 IST

Financial services secretary Sanjay Malhotra

Govt wants lenders to weigh next-generation reforms

Finance ministry directs PSBs to boost financial inclusion

April 24, 2022 04:30 IST

The minister is also likely to review the progress of key government programmes, including the Rs 5-trillion guaranteed loan scheme (known as ECLGS) for MSMEs and other businesses.

FM Nirmala Sitharaman to review credit flow in meet with PSB chiefs on April 23

This is despite the fact that daily liquidity in the banking system continued to remain in surplus since June 2019.…

April 8, 2022 05:10 IST

He also said that the judgment was delivered only after all the banks through Indian Banking Association were heard.

Bank privatisation move an exciting opportunity for investors: Former RBI Deputy Governor

What is good for the country will have to be looked at while deciding on the entity, which will be…

July 15, 2021 22:25 IST

IBPS suspends online registration process for clerks exams in PSBs

The institute asked candidates to follow its website for further information on the same.

July 14, 2021 21:25 IST

PSU bank, PSB, public sector banks, state lenders, psb profit, psu bank profits, psu bank profit q3

Are PSU banks set to become profitable this year after four years of losses?

All PSU banks recorded a net profit of Rs 507 crore in the first three quarters of FY2019-20.

March 2, 2020 15:30 IST

India caught in two-speed growth

A broad-based economic recovery will be contingent on a sustained pick-up in private investment cycle

June 1, 2016 07:16 IST

BoI sells Rs 8k-cr loans under IBPC to shore up capital

Public sector lender Bank of India (BoI) sold loans worth Rs 8,000 crore to various banks under the Inter Bank…

Updated: June 1, 2016 07:49 IST

Private banks pip PSBs in FY16 balance sheet growth

Balance sheets for a clutch of 22 state-owned lenders have expanded by just R3.4 lakh crore in FY16, a smaller…

June 1, 2016 07:14 IST

Maharashtra PSBs meet barely 10% of kharif crop loan targets

The state government recently waived the condition of submitting an NOC from banks and societies while seeking fresh crop loans

Updated: May 26, 2016 08:10 IST

Poor asset quality of PSU banks a risk to India’s sovereign rating: Moody’s

High corporate leverage poses systemic risks if adverse growth and financial conditions pressure borrowers’ repayment capacity, Moody’s said.

April 26, 2016 11:40 IST

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