Search For "public sector bank"
Private banks increased market share in total deposits while PSBs loses 60
Updated : 11 months, 2 weeks ago IST
Private banks in India have been steadily increasing their share in total bank deposits over the last five years, while public sector banks (PSBs) have witnessed a decline, according to data shared by Union Bank of India.
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PSU banks gain market share amid slow down in credit growth: UBI Report
Updated : 11 months, 2 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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Bank of Baroda reduces repo-linked interest rates following RBI footstep
Updated : 12 months ago IST
Bank of Baroda (Bank), one of India's leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India.
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Bank of Maharashtra's P. Ananya Sree to Play for India at AVC Women's Nati
Updated : 12 months ago IST
Mumbai (Maharashtra) [India], June 7: Bank of Maharashtra, a premier public sector Bank in the country, proudly announces the selection of P. Ananya Sree, an employee of the Bank and member of its Women's Volleyball Team. The Volleyball Federation of India has selected Ananya to represent In
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Public sector banks outshine Private lenders in Q4FY25 profit, driven by b
Updated : 1 year 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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NBFCs outpace banks in lending MSMEs, growth will continue to persist: Car
Updated : 1 year ago IST
Lending by MSMEs witnessed robust growth in recent years, with Non-Banking Financial Companies (NBFCs) emerging as the front-runners, outpacing the growth rates of both private and public sector banks, according to CareEdge Ratings.
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Public Sector Banks Embrace AI-driven Debt Collection with Spocto X, Boost
Updated : 1 year, 2 months 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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Piramal Finance Partners with Punjab & Sind Bank to Boost Lending in S
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], March 18: Piramal Capital & Housing Finance Limited (Piramal Finance), a leading Non-Banking Financial Company (NBFC), and Punjab & Sind Bank, one of India's premier public sector banks, have entered into a strategic co-lending partnership to enhance cre
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PM Surya Ghar Muft Bijli Yojana led to 10 lakh homes becoming solar-powere
Updated : 1 year, 2 months ago IST
The scheme offers collateral-free loans of up to Rs 2 lakhs at a marginal interest rate of 6.75 per cent through 12 public sector banks. So far over 3.10 lakh loan applications have been received by banks and over 1.58 lakh sanctioned. Loans under the scheme are disbursed to over 1.28 lakh a
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Bank of Maharashtra gets the regulator's nod for Gift City Branch
Updated : 1 year, 3 months ago IST
Mumbai (Maharashtra) [India], February 17: Bank of Maharashtra, a premier public sector bank in India, announced today that it has received approval from Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit in GIFT City. The branch will function as B
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CBI registers case against Hythro Power Corporation Ltd for causing loss o
Updated : 1 year, 3 months ago IST
The accused named in the FIR have been identified as Amul Gabrani, Ajay Kumar Bishnoi and unknown public servants. Amul and Ajay are directors in Hythro Power Corporation Ltd.
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PSBs highest-ever net profit of rs 1.29 lakh crore recorded, marking 31.3
Updated : 1 year, 3 months 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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