Page 2 of Public Sector Banks

jan dhan, money, PMJDY scheme, Pradhan Mantri Jan Dhan Yojana, cash scheme

Jan Dhan deposits rise to Rs 2.63 lakh crore

Jan Dhan deposits hit a record Rs 2.63 lakh crore as of April 2025, with average per-account balance at Rs…

April 20, 2025 22:11 IST

PSBs bet on corporate loan book expansion, infra loans

For example, State Bank of India’s corporate loan book grew by 18.35% year-on-year in the September quarter and it is…

November 16, 2024 09:22 IST

Banking gains! Public Sector Banks report 11% growth in first half of FY25

The Ministry of Finance highlighted these figures in a statement on Tuesday, showcasing growth in various financial metrics.

November 12, 2024 19:55 IST

RBI announces changes to KYC rules! How it will impact you

KYC is a process that involves providing proof of identity and address to open or maintain a bank account. KYC…

November 11, 2024 08:01 IST

EEPFO, NABARD, IFCI, EXIM Bank, National Housing Bank, Sidbi, GDP

India’s effective sovereign debt overstated

The government issues SSGS, a non-tradable debt, to the Central Provident Fund (CPF) Board. The CPF Board mobilises citizens’ and…

October 22, 2024 05:00 IST

Bank SaaS: Is the opportunity real for VC investors?

The road ahead for bank SaaS is fraught with challenges. One of the most significant hurdles is the entrenched nature…

October 5, 2024 12:04 IST

Public Sector Banks lead the race in infrastructure bond issuances

According to the report, in comparison to private banks, government banks have more stable deposits and larger room to fund…

Updated: September 27, 2024 14:41 IST

Veefin makes third acquisition this year with digital lending platform EpikIndifi for Rs 125 crore

EpikIndifi is the third acquisition for the company since June this year in its efforts to expand into an end-to-end…

September 17, 2024 06:00 IST

SJVN, Maharashtra government, MoU, pumped storage projects, investment

Banks unable to sustain lending relationships with MSMEs profitably: FICCI-IBA report

The report Banking for a Viksit Bharat said there is an opportunity for lenders to use data including bank statements,…

September 6, 2024 16:56 IST

Delayed payments: RBI DG asks banks to deploy ‘supportive measures’ for MSMEs

While the government has put statutory provisions which entail penalties for delayed payments by buyers, the deputy governor said MSMEs…

August 22, 2024 16:46 IST

FM Sitharaman asks PSBs to ‘expeditiously implement’ Budget announcements for MSMEs

In the first full budget under the Modi 3.0 government, Sitharaman had announced that PSBs will lead the development of…

August 19, 2024 17:53 IST

Earn up to 8% interest on savings accounts: These 7 banks offering best rates – Detail inside

Earn up to 8% on savings accounts: These 7 banks offering best interest rates – Detail inside

Updated: April 19, 2024 11:24 IST

banks, indian banks, public bank, public sector bank, dfs, vivek joshi, banking

Banks asked to check mis-selling, safeguard account holders’ interest: DFS Secy

There have been instances where life insurance policies were sold to customers aged above 75 years in tier-II and III…

March 17, 2024 15:04 IST

key fact statement, rbi, reserve bank of india, shaktikanta das, msme loans, retail loans, lenders, regulated entities, msme credit, loan terms and conditions, fees and charges for loans

MSME stakeholders welcome RBI’s move to bring KFS to retail, MSME loans for enhanced transparency in lending

KFS enables borrowers to understand key information regarding a loan agreement, including the all-in-cost of the loan, in a simple…

February 8, 2024 18:57 IST

budget 2024, nirmala sitharaman, fisme, msme budget expectations, banks, foreclosure charges, rbi, reserve bank of india, bank loan rating, blr rating, bank guarantees, banking ombudsman, icici bank

Budget 2024: FISME seeks reforms to increase access to finance for MSMEs, highlighting alleged anti-competitive practices by banks

According to FISME, lack of competition in the banking sector (with 75 per cent of banks being in the public…

February 1, 2024 10:27 IST

Jefferies financial tour reveals resilient outlook amidst challenges in Indian banking sector

Jefferies found that the overall outlook for credit growth remains robust, despite a notable pullback in the unsecured personal loan…

Updated: December 13, 2023 09:10 IST

Rupee to hang around 82/$ on soft dollar, RBI intervention bets

With the RBI “at least on the face of it” capping the downside (on USD/INR) at 81.80-81.85 and the dollar…

Updated: July 18, 2023 08:54 IST

S&P raises assessment of Indian banking sector on “strong recovery”

India’s ‘Banking Industry Country Risk Assessment’, an indicator of an economy’s financial sector, has been raised one notch to 5…

Updated: June 27, 2023 09:25 IST

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Markets climb as RBI rate cut lifts sentiment

Market56 min ago

Equity benchmarks extend gains for second day, Nifty closes at 26,186.45, up 0.59%, Sensex at 85,712.37, up 0.52%. RBI cuts repo rate by 25 bps to 5.25%, maintains neutral stance. Banks and financial services stocks lead rise. Nifty down 0.08% for the week, Sensex flat. Experts say rate cut and liquidity infusion will boost market confidence. Global markets

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