Search For "public sector bank"
BoB sanctions over Rs 3,300 crore in agri loans after conclusion of 7th Ed
Updated : 1 year, 4 months ago IST
Bank of Baroda (BoB), a major public sector bank, concluded the 7th edition of its flagship rural outreach programme, 'Baroda Kisan Pakhwada', sanctioning agriculture loans worth more than Rs 3,300 crore, the Bank said in a release on Thursday.
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DFS Secretary chairs meeting to expedite resolution of public grievances
Updated : 1 year, 5 months ago IST
M Nagaraju, Secretary, Department of Financial Services (DFS), chaired a meeting on Wednesday and reviewed 20 randomly selected public grievances resolved by Public Sector Banks (PSBs) and insurance companies to assess resolution quality.
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PSBs achieve Rs 1.41 lakh crore net profit; GNPA drops to 3.12 per cent
Updated : 1 year, 5 months ago IST
Indian Public Sector Banks (PSBs) have recorded their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said in a release on Sunday.
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Gross NPA of public sector banks declined to 3.1% from peak of 14.6% in Ma
Updated : 1 year, 5 months ago IST
The Gross NPA ratio of public sector banks has declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the government said in a statement Thursday, reaffirming the good health in the banking system.
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Public Sector Banks treated as ATMs under Congress-led UPA rule: Sitharama
Updated : 1 year, 5 months ago IST
"PSBs were treated as 'ATMs' for their cronies and shady businessmen. It was actually during the UPA regime when bank employees were harassed and forced to give loans to cronies through "phone banking" by the then Congress-led UPA Govt functionaries," Sitharaman said.
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Lok Sabha passes Banking Laws Amendment Bill; Sitharaman says public secto
Updated : 1 year, 6 months ago IST
Noting that all public sector banks are turning profitable, Finance Minister Nirmala Sitharaman said on Tuesday that banks are being professionally run under the Modi government and the total branches of all scheduled commercial banks have increased by 3,792 in a year to reach 1,65,501 in
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Public Sector Banks records strong performance in 1st half of FY25
Updated : 1 year, 6 months ago IST
The Indian Public Sector Banks (PSBs) reported a robust performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year growth, the Ministry of Finance said on Tuesday.
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Public sector banks outperformed private banks by a wide margin in net pro
Updated : 1 year, 6 months ago IST
The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
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Department of Financial Services reviews credit disbursement to agri-allie
Updated : 1 year, 7 months ago IST
The Department of Financial Services (DFS) which functions under the Finance Ministry reviewed the progress of credit disbursement to agri-allied activities such as animal husbandry, dairying and fisheries with Public Sector Banks (PSBs), NABARD and State/ UT Level Bankers' Committee.
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Profit of public sector banks expected to decline by 0.6 per cent QoQ : Mo
Updated : 1 year, 8 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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India's Bank bond issuances may hit Rs 1.2-1.3 trn this fiscal: ICRA
Updated : 1 year, 8 months ago IST
Tight liquidity conditions and strong credit growth, outpacing deposit accumulation, have prompted banks to turn to bond markets to meet their funding requirements. As of FY2025 year-to-date (YTD), banks have issued Rs. 767 billion in bonds, reflecting a 225 per cent year-on-year increase an
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Sitharaman asks public sector banks to work on deposit mobilisation
Updated : 1 year, 9 months ago IST
During deliberations on the deposit mobilisation, the Union Finance Minister stated that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably
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