Search For "psb"
PSU banks gain market share amid slow down in credit growth: UBI Report
Updated : 8 months, 3 weeks ago IST
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.
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PSBXchange Onboards Leading B2B SaaS SME Platforms and Fintechs to Power E
Updated : 9 months, 1 week ago IST
Mumbai (Maharashtra) [India], June 4: PSBXchange, India's flagship multi-lender embedded supply chain finance ecosystem, powered by Veefin Solutions & PSB Alliance, has announced the onboarding of several prominent B2B SaaS SME platforms and SCF Fintechs - IBSFINtech, Xtracap Fintech, Me
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Public sector banks outshine Private lenders in Q4FY25 profit, driven by b
Updated : 9 months, 1 week ago IST
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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Public Sector Banks Embrace AI-driven Debt Collection with Spocto X, Boost
Updated : 11 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], April 3: Public Sector Banks (PSBs) are rapidly embracing AI-powered digital solutions to revolutionize debt collections, driven by the urgent need to reduce Non-Performing Assets (NPAs) and enhance recovery outcomes. Leading this transformation is Spocto X-a Yu
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PSBs highest-ever net profit of rs 1.29 lakh crore recorded, marking 31.3
Updated : 1 year, 1 month ago IST
Public Sector Banks (PSBs) have recorded the combined net profit surged to an all-time high of Rs 1,29,426 crore during April-December 2024, registering a 31.3 per cent year-on-year (YoY) growth.
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DFS Secretary chairs meeting to expedite resolution of public grievances
Updated : 1 year, 2 months ago IST
M Nagaraju, Secretary, Department of Financial Services (DFS), chaired a meeting on Wednesday and reviewed 20 randomly selected public grievances resolved by Public Sector Banks (PSBs) and insurance companies to assess resolution quality.
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PSBs achieve Rs 1.41 lakh crore net profit; GNPA drops to 3.12 per cent
Updated : 1 year, 2 months ago IST
Indian Public Sector Banks (PSBs) have recorded their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said in a release on Sunday.
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Gross NPA of public sector banks declined to 3.1% from peak of 14.6% in Ma
Updated : 1 year, 3 months ago IST
The Gross NPA ratio of public sector banks has declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the government said in a statement Thursday, reaffirming the good health in the banking system.
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Public Sector Banks treated as ATMs under Congress-led UPA rule: Sitharama
Updated : 1 year, 3 months ago IST
"PSBs were treated as 'ATMs' for their cronies and shady businessmen. It was actually during the UPA regime when bank employees were harassed and forced to give loans to cronies through "phone banking" by the then Congress-led UPA Govt functionaries," Sitharaman said.
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Public Sector Banks records strong performance in 1st half of FY25
Updated : 1 year, 4 months ago IST
The Indian Public Sector Banks (PSBs) reported a robust performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year growth, the Ministry of Finance said on Tuesday.
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MSMEs will get collateral free loans of upto Rs 100 cr through a new cre
Updated : 1 year, 4 months ago IST
Union Finance and Corporate Minister, Nirmala Sitharaman on Saturday said that the Ministry of Micro, Small and Medium Enterprises (MSMEs) will get collateral-free loans of upto Rs 100 crore through a new credit assessment model by PSU banks.
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Public sector banks outperformed private banks by a wide margin in net pro
Updated : 1 year, 4 months ago IST
The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
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