The country's largest public sector bank State Bank of India said the monetary policy statement of the RBI reflected India's high growth and low inflation. Reacting to the central bank maintaining the status quo in the repo rate, SBI Chairman Dinesh Khara said
The company reported a substantial growth in total turnover, climbing by 17.18 per cent to reach Rs 425.10 crores, compared to Rs 362.77 crores in the previous fiscal year.
The surge in GMV can be attributed to the substantial increase in the procurement of services through the GeM portal, which witnessed a staggering 205 per cent growth compared to the previous fiscal year
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
The state-owned public sector unit is also working towards the delivery of the first twin-seater trainer version aircraft to the IAF at the earliest, defence sources told ANI.
Only four states, including Tamil Nadu and Jharkhand, are implementing the Ayushman Bharat scheme through public-sector insurance companies, sources said.
Five out of 12 Public Sector Banks (PSBs) are still not complying with the minimum public shareholding (MPS) norm (25 per cent), a senior government official said on Thursday.
The Ministry of Finance has written to public sector banks to reassess their gold loan procedures amid concerns over risky debt as gold prices surge, informed a senior official.
According to a press release by the Ministry of Coal, the sector has not only significantly contributed to meeting the nation's energy demands but has also emerged as a major source of employment, particularly in coal-rich regions across the country.
According to a press release by the Ministry of Coal, through robust initiatives and strategic planning, MoC and its associated Public Sector Undertakings (PSUs) have made significant strides in capital expenditure (CAPEX), asset monetization, and procurement through Government e-Marketplace
During this, the Congress leader attacked the Bharatiya Janata Party (BJP)-led central government saying earlier youth had an opportunity to join the public sector and army but the ways have been closed now.
The agreement between the two Central Public Sector Enterprises aims to establish an ammonium nitrate plant through the surface coal gasification (SCG) technology route, according to an official statement from the Ministry of Coal.