During the April-June period of the previous fiscal, all 12 state-owned banks had recorded a total profit of Rs 15,306 crore, according to quarterly numbers published by public sector lenders
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to RBI by public sector banks (PSBs) in respect of deposits which were not operated for 10 years or more
Banks continue to pursue recovery actions initiated in written-off accounts through various recovery mechanisms available, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action under the...
Non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of the write-off
State Bank of India (SBI) tops the chart of unclaimed deposits worth Rs 8,086 crore followed by Punjab National Bank Rs 5,340 crore
In a research note, brokerage firm Macquarie said that India’s PSU banks have an exposure of 1-2 per cent to AT1 bonds
The day-long review meeting was also attended by senior officials from the Department of Animal Husbandry, Department of Fisheries, Ministry of Housing and Urban Affairs, and Ministry of Agriculture & Farmers Welfare
ICICI Prudential Nifty PSU Bank ETF seeks to capitalise on the relatively undervalued Nifty PSU bank stocks traded on the National Stock Exchange (NSE).
UCO Bank, Union Bank of India and Indian Bank also recorded profit growth of over 100 per cent
PSBs booked collective losses to the tune of Rs 2,07,329 crore for five straight years—from 2015-16 to 2019-20
Canara Robeco announces banking and PSU debt fund. New fund offer to remain open till August 29, 2022
Perpetual bonds by PSU banks offer higher interest rates than other bonds but they also carry high risk than other bonds.
During the half-day long meeting with the CEOs of public sector banks, she also asked them to help Regional Rural Banks (RRBs) in technology improvement
