Search For "psbs"
Profit of public sector banks expected to decline by 0.6 per cent QoQ : Mo
Updated : 1 year, 5 months ago IST
As the earnings season for the second quarter of FY25 unfolds, public sector banks (PSBs) are expected to see a slight dip in profits compared to the previous quarter, according to a report by Motilal Oswal.
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FM Nirmala Sitharaman to meet PSU Banks, RRBs heads for performance review
Updated : 1 year, 7 months ago IST
Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).
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Divestment needs concrete roadmap, Centre should take stance on PSBs: SBI
Updated : 1 year, 8 months ago IST
Disinvestment or divestment typically refers to the sale by the government, partly or fully, of a government-owned enterprise.
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Reforms in pension scheme, tax on deposits, PSBs' consolidation must be on
Updated : 1 year, 8 months ago IST
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
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Credit growth up by 19.3 pc, crosses deposit growth; PVBs outpace PSBs: Ca
Updated : 1 year, 8 months ago IST
This growth translates to an absolute expansion of Rs 26.6 lakh crore since March 2023, reaching a total outstanding credit of Rs 164.3 lakh crore as of March 31, 2024.
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Public Sector Unit banks still lead Indian banking landscape: SBI report
Updated : 1 year, 9 months ago IST
The Public Sector Banks (PSBs) in India holds a dominant position in the banking sector by accounting for more than 50 per cent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the SBI.
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Public sector banks doing better in managing NPAs vis-a-vis their private
Updated : 1 year, 12 months ago IST
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
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5 flouting PSBs laid out action plan to meet minimum public shareholding r
Updated : 2 years ago IST
Five out of 12 Public Sector Banks (PSBs) are still not complying with the minimum public shareholding (MPS) norm (25 per cent), a senior government official said on Thursday.
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FM Nirmala Sitharaman chairs meeting to review performance of Public Secto
Updated : 2 years, 2 months ago IST
Union Finance Minister Nirmala Sitharaman chaired on meeting on Saturday to review the performance of Public Sector Banks (PSBs) on various parameters, informed a press release.
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Indian banks continue to stand strong and resilient; over Rs 15,000 crore
Updated : 2 years, 3 months ago IST
Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday
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FM Nirmala Sitharaman chairs meeting to review performance of Public Secto
Updated : 2 years, 8 months ago IST
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting on Thursday to review the performance of Public Sector Banks (PSBs) on various financial health parameters for the financial year 2022-23.
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Don't employ retired staffers to probe corruption cases: CVC tells PSBs, g
Updated : 3 years, 2 months ago IST
The Commission said in a statement that it has been observed that some of the organisations are still appointing retired employees as investigating officers to conduct probes, which is an important vigilance function.
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