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Public Sector Banks Psbs

India Doesn't Need So Many Public Sector Banks, Says Former SBI Chief

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 state-owned banks and by levelling the playing field

28 September 2022

Banks To Report Mark-to-market Losses Of Rs 13,000 Crore On Rising Bond Yields: Report

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 report by domestic rating agency Icra said


Source: Shutterstock

Banking Frauds Of Over Rs 100 Crore See Significant Decline In FY'22

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


Govt For Banks To Collaborate With NBFCs And Fintech Companies, Says Official

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 pushing the public sector banks (PSBs) to work with the NBFCs...

23 September 2022

FM To Meet Heads Of Banks; To Review Performance, Governance Reforms In RRBs

According to sources, the meeting is expected to review governance reforms in Regional Rural Banks (RRBs).


Finance Ministry Asks Banks To Explore Employment Opportunities For 'Agniveers'

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 as 'Agniveers'.

17 June 2022

71% Consumers Open To Sharing Data On Account Aggregator Platform, Finds Report

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 PDF upload methods.

08 August 2022

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Bank

Advance Action On Bank Privatisation Underway: DFS Secretary

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 disinvestment of public sector enterprises

30 May 2022

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15 May 2022
Banking Frauds Dip 51% To Rs 40,295 Crore; Number Of Cases Not Falling Fast Enough: RBI

Banking Frauds Dip 51% To Rs 40,295 Crore; Number Of Cases Not Falling Fast Enough: RBI

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...


22 April 2022
Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including...


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