Search For "public sector banks"
Profit of public sector banks expected to decline by 0.6 per cent QoQ : Mo
Updated : 1 year, 9 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, 9 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, 10 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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SBI report dismisses bank deposit concerns as a 'Statistical Myth'
Updated : 1 year, 10 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, 10 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, 11 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, 11 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, 12 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 : 2 years 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 : 2 years 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 : 2 years 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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Public Sector Unit banks still lead Indian banking landscape: SBI report
Updated : 2 years 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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