Search For "public sector bank"
Public sector banks outpace private lenders with double-digit advances in
Updated : 8 months ago IST
For the first time since March 2010, Public Sector Banks (PSBs) reported double-digit growth in advances at 12.2 per cent year-on-year in FY25, surpassing Private Sector Banks' (PVBs) growth of 9.5 per cent, according to a Systematix Group report.
Read More
PNB signs MoU with Rajasthan govt for Rs 21,000 crore financial assistance
Updated : 8 months ago IST
Public sector bank Punjab National Bank on Saturday signed a MoU with the government of Rajasthan. The objective of this understanding is to facilitate an investment of Rs 21,000 crore under the state government's 'Rising Rajasthan' initiative.
Read More
President Murmu honours former UBI CEO Manimekhalai with SCOPE Eminence Aw
Updated : 8 months ago IST
Manimekhalai made history in June 2022 by becoming the first woman to head Union Bank of India since its inception in 1919. At the time, she was the only woman leading a public sector bank in the country. She took charge during a critical period, following the complex merger with Andhra Bank
Read More
Aggressive competition from PSBs will be a risk for prolonged slower growt
Updated : 9 months, 3 weeks ago IST
Aggressive competition from Public Sector Banks (PSBs) poses a significant risk of prolonged slower growth for Private Sector Banks (PVBs), according to a report by Bernstein.
Read More
PSBs outperform private banks in credit growth 11% Vs 8.1% in Q1FY26: Care
Updated : 10 months ago IST
Public Sector banks (PSBs) performed better than Private sector banks (PVBs), PSBs credit rate growth was 11 per cent as compared to 8.1 per cent of PVBs in Q1 of the Financial Year, according to a report by CareEdge.
Read More
Gross NPAs reduce from 9.11% to 2.58% from March 2021 to March 2025: Govt
Updated : 10 months ago IST
Public sector banks saw a sharp decline in their gross NPAs from ₹6.17 lakh crore in March 2021 to ₹2.84 lakh crore in March 2025.
Read More
KredX's DTX Platform and Canara Bank Partner to Supercharge Digital Trade
Updated : 10 months ago IST
Bengaluru (Karnataka) [India], July 22: KredX, India's leading integrated cash flow and supply chain finance platform, today announced a strategic partnership with Canara Bank, one of India's prominent public sector banks. This collaboration aims to significantly broaden the reach of digital
Read More
Bank of Baroda Inaugurates New Zonal Office in Raipur
Updated : 10 months, 3 weeks ago IST
Raipur (Chhattisgarh) [India], July 18: Bank of Baroda, one of India's leading public sector banks, inaugurated its new Zonal Office premises in Raipur, which will cover the entire state of Chhattisgarh with Bank's endeavor to strengthen its presence and deepen customer outreach.
Read More
Private banks losing market share across segments, Public sector banks, NB
Updated : 10 months, 3 weeks ago IST
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.
Read More
MTNL defaults on Rs 8,585 Crore loan to seven PSU banks, fails to repay pr
Updated : 10 months, 3 weeks ago IST
State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling Rs 8,585 crore.
Read More
PSU Banks continue to lead in ATM transactions, Private banks dominates in
Updated : 11 months, 1 week ago IST
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.
Read More
Govt banks are disadvantaged over private banks because of their dependenc
Updated : 11 months, 2 weeks ago IST
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.
Read More