The central government has approved the appointment of the new chairman of State Bank of India as the incumbent Chairman Dinesh Kumar Khara is set to retire on August 28.
The gross NPAs (GNPA) of SCBs have shown a declining trend over the past five yeaRs As of March 31, 2020, the GNPA stood at Rs 8,96,082 crore, with a GNPA ratio of 8.21 per cent. By March 31, 2021, this figure had decreased to Rs 8,35,051 crore (GNPA ratio of 7.33 per cent), and further down
Pandey said, "We have to do it through a two-stage bidding process, where in the first stage we bring Expression of Interest (EoI) and thereafter they are taken to due diligence. You have to negotiate the share purchase agreements, and then go for financial bidding. Before that, there could
Among the sectoral indices on NSE, Nifty Bank, Financial services, FMCG, IT, Media, Metal, Pharma, Realty, Healthcare, Oil and gas, and consumer durables started in the green territory.
Among the sectoral indices at the National Stock Exchange, Financial Services, IT, Media, and Private Banks opened in green while sectors such as Auto, FMCG, Metal, Pharma and PSU Banks opened in the red.
In a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a review meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.
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.
Despite the lackluster overall market performance, the Construction, Automobile, and Public Sector Undertaking (PSU) banks sectors were the standout performers.
Indian stock markets experienced a slight gain during Friday's session following a slump in stock indices on Thursday. The Nifty 50 index rose by 0.44 percent to close at 22,055, while the Sensex gained 260.3 points to close at 72,664.47. With the exception of the IT, Realty, PSU Bank, and B
New Delhi [India], August 4: Indian startup Proxgy (Everywhere as a Service Pvt. Ltd.) has introduced its latest creation, the AudioCube™ Mini, a pocket-sized sound box designed to cater to the needs of the FinTech sector and public sector banks. This compact device, which operates on
Mumbai (Maharashtra) [India], June 26: Bank of Baroda (Bank), one of India's leading public sector banks, announced the launch of two innovative customer service initiatives to enhance the overall experience for customers and prospective customers. The Bank has introduced a Live Video Callin