Search For "public sector bank"
Vijay Mallya, Nirav Modi among 15 declared Fugitive Economic Offenders cau
Updated : 6 months ago IST
Union Minister of State for Finance Pankaj Chaudhary on Monday informed the Lok Sabha that a total of 15 individuals have been declared Fugitive Economic Offenders (FEOs) under the Fugitive Economic Offenders Act, 2018 (FEOA) as of October 31, 2025.
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Credit momentum to continue in 2H, but growth likely to be capped by weak
Updated : 6 months ago IST
With the strong festive demand and the GST cuts, the loan growth in the banking system has picked up pace in October and early November, according to a latest report by IIFL Capital.
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DFS secretary M Nagaraju chairs review meeting to discuss issues related t
Updated : 6 months, 1 week ago IST
Progress on the cases that were admitted at NCLT, those which were resolved at NCLT and the ones disposed off outside the IBC was acknowledged. The review of major cases awaiting admission and resolution at the NCLT benches was undertaken. Secretary (DFS) emphasised that the timelines in
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Banks poised for earnings rebound as sector hits inflection point: IIFL Re
Updated : 6 months, 2 weeks ago IST
India's banking landscape is approaching a decisive inflection point, with earnings set to rebound sharply over FY27-28 after a period of subdued growth, noted a report by IIFL Capital.
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Banks' financial health improves as non-performing assets decline to Rs 4.
Updated : 6 months, 2 weeks ago IST
The financial health of banks in the country continues to strengthen, with non-performing assets (NPAs) registering a steady decline in the second quarter of the current financial year FY26, highlighted a report by CareEdge Ratings.
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Punjab & Sind Bank Takes Proactive Lead in Combating New-Age Fraud with Jo
Updated : 6 months, 3 weeks ago IST
New Delhi [India], November 12: Punjab and Sind Bank (PSB), one of the country's oldest and most trusted public sector banks, is reinforcing its leadership in secure digital banking by future-proofing its real-time fraud prevention framework. Through a series of strategic technology initi
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DFS launches Startup Common Application Journey on Jan Sammarth Portal to
Updated : 6 months, 3 weeks ago IST
The Department of Financial Services (DFS) under the Ministry of Finance launched the Startup Common Application Journey on the Jan Sammarth Portal during the Public Sector Banks Review Meeting held in New Delhi on Wednesday. The initiative aims to simplify and streamline access to credit fo
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Sikkim Government announces 'Traditional Wear Work Day' Every Thursday
Updated : 7 months ago IST
The Government of Sikkim has announced the observance of "Traditional Wear Work Day" every Thursday for all government employees, including those in Public Sector Undertakings (PSUs) and banks, on Monday.
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PSB Xchange Completes Its First Live End-to-End Digital Supply Chain Finan
Updated : 7 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], October 17: In a significant development for India's banking sector, Central Bank of India (CBI) has successfully completed the first fully digital supply chain finance transaction on the PSB Xchange platform offered by PSB Alliance, a unified multi-lender platf
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Public Sector Banks reset profitability path as RoA crosses 1%: Report
Updated : 8 months ago IST
Public Sector Banks (PSBs) are entering a new phase of profitability as their return on assets (RoA) has crossed 1 per cent, supported by stronger balance sheets, better asset quality and steady credit growth, according to a recent Motilal Oswal report.
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India's economic resilience stands out amidst uncertain global environment
Updated : 8 months ago IST
Union Finance Minister Nirmala Sitharaman has said that India's resilience stands out amidst an uncertain global environment and several favourable factors, including a young demography and domestic demand, provide core strength to the Indian economy to withstand global spillovers and gro
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Most PSU banks likely to report strong loan growth driven by Retail, Agri
Updated : 8 months ago IST
Even as corporate loan growth continues to remain subdued, most public sector banks (PSBs) are expected to post robust loan growth in the coming quarter, primarily led by loans to retail, agriculture, and MSME segments, according to a sector update by Nuvama Institutional Equities.
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