Search For "public sector bank"
SBI report dismisses bank deposit concerns as a 'Statistical Myth'
Updated : 1 year, 9 months ago IST
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and Regional Rural Banks on Monday, the State Bank of India (SBI) in its latest report noted that the belief that the deposit growth in the banking sector is flagging just a statistical myth.
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FM Nirmala Sitharaman to meet PSU Banks, RRBs heads for performance review
Updated : 1 year, 9 months ago IST
Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).
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UPI transactions grew by 57 pc YoY, with PhonePe and GPay holding market s
Updated : 1 year, 10 months ago IST
For the first time, the total net profit of the banking sector crossed Rs 3 lakh crore in FY24, with all bank groups achieving a return on assets (ROA) greater than 1 per cent.
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Bartronics India Limited with Bank of India showcase an innovative banking
Updated : 1 year, 10 months ago IST
Hyderabad (Telangana) [India], July 19: Bartronics India Limited, a leading innovator in the fintech sector, announces its latest expansion drive with one of the largest public sector banks - Bank of India. As a part of their ongoing commitment to the financial inclusion and community develo
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Reforms in pension scheme, tax on deposits, PSBs' consolidation must be on
Updated : 1 year, 11 months ago IST
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
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50 major national-level strikes averted through labour ministry's concilia
Updated : 1 year, 11 months ago IST
The Ministry of Labour and Employment successfully averted 50 major national-level strikes through conciliation processes involving workers, representatives and employers in the central sphere, leading to a significant saving of man-days. This achievement demonstrates a 100 per cent succe
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Delhi HC permits businessman to travel abroad by suspending lookout circul
Updated : 1 year, 11 months ago IST
The Delhi High Court has recently permitted a businessman, namely Umesh Shahra, to travel abroad by suspending the lookout circular (LOC) issued against him while following the view taken by the Bombay High Court in the judgement of 'Viraj Chetan Shah vs. Union of India & Ors.', wherein
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Finance ministry urges banks to enhance customer experience and financial
Updated : 1 year, 11 months ago IST
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.
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ID8NXT Presents a Nationwide Hybrid Hackathon in Collaboration with Public
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], June 25: ID8NXT presents a nationwide hybrid hackathon in collaboration with public sector bank Bank of Baroda, focused on Generative Artificial Intelligence. This initiative aims to inspire participants to develop innovative solutions using GenAI to address spe
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Bank of Maharashtra presents dividend of Rs 857 crore to Finance Minister
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], June 22: Bank of Maharashtra (BoM), a premiere public sector Bank in the country, on Friday paid a dividend cheque of Rs 857.16 crore for the financial year 2023-24 to Hon'ble Finance Minister Nirmala Sitharaman. The dividend was presented by Nidhu Saxena, MD &a
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Public Sector Unit banks still lead Indian banking landscape: SBI report
Updated : 1 year, 11 months ago IST
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.
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Indian banks are better placed with strong balance sheet, low NPAs and hig
Updated : 1 year, 11 months ago IST
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia), a capital markets and in
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