Public Sector Banks,

30 May 2021, 07:06 AM

State Bank of India, Chairman, Dinesh Khara announced that public sector banks (PSBs) will offer unsecured personal loan for COVID treat...Read More

Governor Das asks public sector banks to quickly implement measures announced by RBI

By ANI

19 May 2021, 12:04 PM

RBI Governor Shaktikanta Das on Wednesday asked state-owned banks to quickly implement measures announced by the central bank recently in...Read More

SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit

4 April 2021, 03:23 PM

The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year.

CBI searches 100 locations across India in 30 bank fraud cases

By Pramod

25 March 2021, 07:19 PM

A CBI spokesperson here said that the searches are part of a special drive to book the fraudusters on the complaints received from diffe...Read More

Discussion on privatisation of public sector banks is on with centre, says RBI Governor Shaktikanta Das

25 March 2021, 06:51 AM

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the centre and RBI are engaging with each other on privatisation of publi...Read More

After FM Nirmala Sitharaman says cannot run (banks) efficiently, #FMResign trends on Twitter

23 March 2021, 03:53 AM

For a while now, the government; and the public sector banks’ employees along with the Unions have been at loggerheads over privatisation...Read More

Banking services in Maharashtra hit as 40,000 bank employees, officers join two-day strike

15 March 2021, 07:19 AM

Banking services in the state got affected on Monday as around 40,000 bank employees and officers have gone on a two-day strike to protes...Read More

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

14 January 2021, 03:34 PM

The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium en...Read More

PSBs report frauds worth over Rs 19,964 cr in Apr-Jun, says RBI

20 September 2020, 03:44 PM

The country's largest lender State Bank of India (SBI) saw the highest number of fraud cases; however, Bank of India was the worst hit i...Read More

Moody’s cuts five PSU banks’ ratings as slowdown worsens

By Raveena

4 September 2020, 06:22 PM

The outlook on the ratings of the four banks is negative.

Is the Centre considering privatising more public sector banks?

21 July 2020, 04:07 AM

There are preparations to bring down the number of public sector banks from 12 to 5, Reuters reported on Tuesday.Sources in the governmen...Read More

What are public sector bankers doing on Sunday? Sharing their grief over 935 days

24 May 2020, 07:50 AM

Over the last three years (935 days), the Public Sector Banks (PSBs) employees have not got a pay hike. Despite repeated dialogues betwee...Read More

Nirmala Sitharaman to meet CEOs of public sector banks on Monday to review credit flow amid coronavirus pandemic

10 May 2020, 10:33 AM

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on ...Read More

YES Bank saga shows the weakness of Indian financial system: Moody's

14 April 2020, 05:06 AM

The moratorium imposed on YES Bank and subsequent rescue has highlighted the weaknesses in the Indian government's support for stressed p...Read More

Nod to partial credit guarantee scheme for PSBs

11 December 2019, 08:00 PM

New Delhi: The Union Cabinet gave nod to a partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled a...Read More

Bank unions to stage dharna in front of Parliament to protest against merger of public sector banks

By IANS

21 November 2019, 09:51 AM

Mumbai: Various bank unions plan to stage dharna on December 10 in front of the Parliament to protest against the government decision to ...Read More

Maharashtra: Public sector banks will follow these timings from now on

1 November 2019, 05:03 AM

From today, the public sector banks in Maharashtra will work according to their new timings. The new time table has been framed by the st...Read More

Indian public sector banks had 'worst phase' under Manmohan Singh, Raghuram Rajan:Sitharaman

16 October 2019, 10:53 AM

Sitharaman further pointed out that if there is a feeling that there's been a centralised leadership now

Congress fears cascading effect of PMC Bank on public sector banks