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Public sector banks outpace private lenders with double-digit advances in
Updated : 5 months, 1 week ago IST
For the first time since March 2010, Public Sector Banks (PSBs) reported double-digit growth in advances at 12.2 per cent year-on-year in FY25, surpassing Private Sector Banks' (PVBs) growth of 9.5 per cent, according to a Systematix Group report.
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Credit costs of banks surge in Q1FY26; asset quality marginally weakens: C
Updated : 6 months, 3 weeks ago IST
The credit costs of scheduled commercial banks (SCBs) in the country surged in the first quarter of the current financial year, even as their asset quality worsened marginally on a sequential basis, according to a report by CareEdge Ratings.
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Punjab Vigilance Bureau arrests ASI for accepting Rs 1.55 lakh bribe
Updated : 6 months, 3 weeks ago IST
The police official, earlier posted at Sohana police station and currently serving at Kharar police station in Mohali district, was apprehended as part of the Bureau's ongoing crackdown on corruption.
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Aggressive competition from PSBs will be a risk for prolonged slower growt
Updated : 7 months ago IST
Aggressive competition from Public Sector Banks (PSBs) poses a significant risk of prolonged slower growth for Private Sector Banks (PVBs), according to a report by Bernstein.
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PSBs outperform private banks in credit growth 11% Vs 8.1% in Q1FY26: Care
Updated : 7 months, 1 week ago IST
Public Sector banks (PSBs) performed better than Private sector banks (PVBs), PSBs credit rate growth was 11 per cent as compared to 8.1 per cent of PVBs in Q1 of the Financial Year, according to a report by CareEdge.
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PSU banks gain market share amid slow down in credit growth: UBI Report
Updated : 8 months, 3 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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Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of Ju
Updated : 1 year, 5 months ago IST
The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent year-on-year (y-o-y) to Rs 4.57 lakh crore as of Q1FY25, compared to Rs 5.66 lakh crore in the same period last year.
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Credit growth up by 19.3 pc, crosses deposit growth; PVBs outpace PSBs: Ca
Updated : 1 year, 8 months ago IST
This growth translates to an absolute expansion of Rs 26.6 lakh crore since March 2023, reaching a total outstanding credit of Rs 164.3 lakh crore as of March 31, 2024.
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Surge in credit provisions to adversely affect PSBs' profitability
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): Credit rating body ICRA in its report released on Monday estimated the gross non-performing assets (GNPA)s of Rs. 8.8 to 9.0 trillion (10.0-10.2 percent) to peak out by end of FY 2018, as against GNPAs of 9.5 percent (Rs. 7.65 trillion) as on March 31, 2017.
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