A senior manager with a private bank allegedly died by suicide late Thursday night by hanging himself inside the bank's premises on Bhigwan Road in Baramati, said a police official on Friday.
Private banks are losing market share across segments, while public sector banks (PSBs) and non-banking finance companies (NBFCs) continue to gain ground, according to a recent report by JM Financial.
Public sector banks (PSBs) continue to dominate in terms of the value of transactions made through ATMs and cash deposit machines (CRMs), while private sector banks maintained a strong lead in online (e-commerce) transaction value, according to the data from a report by Indus Equity.
Public sector banks (PSBs) in the country rely more on deposits as compared to private banks whereas private sector banks, on the other hand, actively use borrowings to manage their funding needs, according to a report by HDFC Securities.
Private banks in India have been steadily increasing their share in total bank deposits over the last five years, while public sector banks (PSBs) have witnessed a decline, according to data shared by Union Bank of India.
The credit growth of Indian banks moderated in the Financial Year 2025, yet Public Sector Banks (PSBs) gained the market share, outperforming their Private Banks (PVBs) counterparts, according to a report by the Union Bank of India.
The government-owned banks have reported higher profits than their private sector counterparts in the fourth quarter of the financial year 2025, according to a recent report by CareEdge Ratings.
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Indore police have busted a gang involved in withdrawing money from customers' current accounts at a private bank by committing account fraud. Six people, including three employees of the bank, were arrested, officials said on Wednesday.