The Committee emphasised that because of the technology being used nowadays, whether it is e-banking or online banking, "public sector banks have to cater to large number of customers including the Jan-Dhan Yojana account...
This is the first full review meeting after the presentation of Budget 2023-24
Their capital adequacy ratio is much above the regulatory requirement and varies between 14-20 per cent
The net profit of public sector banks (PSBs) has almost tripled to Rs 1.04 lakh crore in FY23 from Rs 36,270 crore in FY2014.
UCO Bank, Union Bank of India and Indian Bank also recorded profit growth of over 100 per cent
The state-owned bank's net profit surged by 138.76 per cent and operating profit showed a growth of 35.94 per cent
Bank of Baroda stocks became multi-bagger as its share prices have gone up from Rs 96 to Rs 194 in last one year. BOB stocks helped Bank Nifty to climb to a new peak of 44,498. The Bank of Baroda stocks never looked back...
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 write-off
Pensioners can submit their Jeevan Praman Patra (Proof of life certificate) from their home through doorstep banking services offered by 12 public sector banks...
Earlier, the MD or executive director of a public sector undertaking (PSU) bank was eligible for a maximum tenure of 5 years or 60 years whichever was earlier....
The Pune-headquartered lender recorded 28.62 per cent increase in gross advances at Rs 1,48,216 crore at the end of September 2022, according to published...
In the first half of FY23, the cumulative net profit of all public sector banks (PSBs) increased by 32 per cent to Rs 40,991 crore
Bhattacharya further said much of the goals that are expected to be achieved through privatisation of PSBs can also actually be achieved by enabling the...
Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial services, said that the government is...
According to a report, 71 per cent of consumers are open to sharing financial data on an account aggregator platform and 29 per cent prefer net-banking, manual...
Profits will moderate for the quarter, but improved loan growth and operating profits will ensure that the banks' bottom lines remain "steady" for FY23, the...
According to sources, the meeting is expected to review governance reforms in Regional Rural Banks (RRBs).
According to official data, the number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21
The Union Cabinet on June 14 approved a short-term recruitment scheme for the armed forces called Agnipath. The youths selected under this scheme will be known...
In the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs in the year and approved a policy of strategic...
The 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an...
Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including...
