Page 3 of Public Sector Banks

Bank Holidays 2023 January bank holidays, bank closed

Banks to remain closed for 14 days in January 2023; Check full bank holiday list here

Bank Holidays: Indian banks will remain closed for 14 days in January 2023 including the second and fourth Saturdays, as…

Updated: January 2, 2023 14:15 IST

Banks, RBI, Reserve Bank of India, credit growth, credit card, UPI, Banking

Past perfect, future uncertain: RBI

The main concerns are global headwinds brewing on account of continuing geopolitical tensions, tighter monetary and liquidity conditions and potential…

December 28, 2022 05:45 IST

Operations in some public sector banks likely to be hit on Saturday as union members to go on strike

If the strike materialises, a certain section of the Bank’s employees may participate in strike on the said date, in…

Updated: November 17, 2022 16:01 IST

PSBs, Public Sector Banks, SBI, State bank of India, Nirmala Sitharaman, Banking news

PSBs’ operating profits get fee income boost in Q2FY23

Union finance minister Nirmala Sitharaman on Monday said that the 12 PSBs reported a 50% jump in combined net profit…

November 9, 2022 03:15 IST

Stocks to buy, diwali 2022, stock market, oem

Stocks to buy: Large private sector banks, auto OEMs among top Diwali bets, outlook bullish on strong growth

With index multiples running close to 20x times (on a trailing basis) and avenues for triggering earnings upside remaining limited,…

October 23, 2022 11:27 IST

Adani group says not overleaveraged, loans from public sector banks halved

In a 15-page note in response to CreditSights report calling the group overleveraged, it said companies in the group have…

September 7, 2022 09:35 IST

The Financial Express: India’s Best Bank Awards 2022

1:24:00August 30, 2022 14:18 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

When will we discuss loan waivers to big corporates? Congress hits back at PM over remarks on freebie culture

Of the Rs 9.92 lakh crore loan written off by banks in the last five years, Rs 7.27 lakh crore…

Updated: August 12, 2022 15:24 IST

CVC-constituted panel ABBFF gives advice on 139 bank fraud cases

Headed by former Vigilance Commissioner (VC) T M Bhasin, ABBFF was set up in August 2019, by the Central Vigilance…

August 11, 2022 14:52 IST

Profit of public sector banks rises 9 pc to Rs 15,306 crore in April-June

The highest percentage growth was recorded by Pune-based Bank of Maharashtra which earned a profit of Rs 452 crore against…

August 9, 2022 20:15 IST

Bank holidays August 2022, Muharram, Raksha Bandhan

Bank Holidays August 2022: Banks to open on Muharram, Raksha Bandhan in these cities, check list

Banks across the country will observe a holiday on Monday, 15 August 2022, to celebrate the occasion of Independence Day.

August 9, 2022 10:06 IST

Banks, Indian Banks, Public Sector Banks, Modi Govt, Parliament, Monsoon Session

Is Modi govt planning to introduce Bill on banks’ privatisation in Monsoon Session? Minister replies

As per list of business for monsoon session 2022 of the Parliament, no such bill has been listed for introduction,…

Updated: August 2, 2022 21:08 IST

Bank holidays, bank holidays august 2022, independence day

Bank Holidays in August 2022: Banks closed for up to 18 days in various cities in August; check list

Banks in India are likely to be shut for up to 19 days in August 2022, including second and fourth…

July 28, 2022 15:02 IST

banks, private sector banks, public sector banks

53 years of bank nationalisation: Time to bid adieu to public-sector Banks?

The market cap of HDFC Bank alone is more than that of all PSBs put together. But the immense social…

July 19, 2022 10:15 IST

FM Nirmala Sitharaman directs PSBs to onboard accounts aggregator system

In a meeting with chiefs of various public-sector banks (PSBs) and regional rural banks (RRBs) here, the minister also asked…

Updated: July 8, 2022 09:15 IST

The move is also expected to reduce the burden on Dipam, which could now focus on privatisation of holding companies or parent CPSEs.

More functional autonomy: Central Public Sector Enterprises to get powers to offload subsidiaries, exit joint ventures

Currently, there are about 380 PSEs (including subsidiaries), 20-30% of which may be closed for being sick or unviable. The…

May 19, 2022 04:15 IST

RBI to review credit flow, asset quality of public sector banks tomorrow

The meeting comes amid apprehensions that the central bank may be forced to go for another round of aggressive rate…

May 16, 2022 05:30 IST

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Mumbai set to become $1.5 trillion urban economy by 2047; MMRDA reveals masterplan

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Mumbai Metropolitan Region (MMR) is expected to become one of the world’s leading urban economies by 2047, with a projected GDP of $1.2-1.5 trillion and a population of 3.6-3.8 crore. The MMRDA has outlined a long-term plan for sustainable and inclusive growth, positioning MMR alongside global economic hubs like Tokyo, London, and Singapore. The plan aims to achieve a GDP of Rs 25 lakh crore by

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