Public Sector Banks,

Is the Centre considering privatising more public sector banks?

Is the Centre considering privatising more public sector banks?

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

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

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

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

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

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

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

Nod to partial credit guarantee scheme for PSBs

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

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

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

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

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

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

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

Congress fears cascading effect of PMC Bank on public sector banks

New Delhi: The Congress on Friday said the RBI action against the Punjab and Maharashtra Cooperative Bank of Mumbai is a systemic failure...Read More

PSBs profitability and RoA to be low in current financial year: ICRA

PSBs profitability and RoA to be low in current financial year: ICRA

New Delhi: Rating agency ICRA on Wednesday said profitability and return on assets (RoA) of public sector banks (PSBs) are likely to rema...Read More

Bank unions defer 2-day strike; operations to be normal on September 26-27

Bank unions defer 2-day strike; operations to be normal on September 26-27

New Delhi: Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretar...Read More

Nirmala Sitharaman to meet heads of public sector banks in Delhi today

Nirmala Sitharaman to meet heads of public sector banks in Delhi today

The government last month announced the merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks

Stairway to recession free economy

Stairway to recession free economy

The Government has recently merged 10 Public Sector Banks (PSBs) into four larger PSBs in order to improve their efficiency. This step is...Read More

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

The merger of PSBs is imperative for India to become a five trillion dollar economy in the next five years.

Nirmala Sitharaman announces slew of governance reforms for Public Sector Banks

Nirmala Sitharaman announces slew of governance reforms for Public Sector Banks

To enable a succession planning, the boards would decide on a system of individual plans for all senior executive positions

Mega Public Sector Banks merger: 10 banks amalgamated into 4-entities

Mega Public Sector Banks merger: 10 banks amalgamated into 4-entities

Finance Minister further said that the Bank of India and Central Bank of India would remain independent

Public Sector Banks gross NPAs down to Rs 7.9 lakh crore: Nirmala Sitharaman

Public Sector Banks gross NPAs down to Rs 7.9 lakh crore: Nirmala Sitharaman

Sitharaman said liquidity support to NBFCs and housing finance companies has improved as the partial credit guarantee scheme has been exe...Read More

India bonds rally in absence of large fiscal stimulus

India bonds rally in absence of large fiscal stimulus

A slide in oil prices and in US Treasury yields, saw sovereign bonds in India rallying on Monday after the Centre restrained itself from ...Read More

Central Vigilance Commission sets up panel to examine bank fraud above Rs 50 crore

Central Vigilance Commission sets up panel to examine bank fraud above Rs 50 crore

The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) headed by former Vigilance Commissioner T...Read More

Allahabad Bank MD and CEO Ch S S Mallikarjuna Rao: NBFCs hurt by asset-liabilities mismatch

Allahabad Bank MD and CEO Ch S S Mallikarjuna Rao: NBFCs hurt by asset-liabilities mismatch

A few days ago, Ch S S Mallikarjuna Rao, MD and CEO, Allahabad Bank, was in Mumbai to participate in the two-day consultative discussion....Read More

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