public sector bank

PSBs have 33,000 vacancies, use 1 lakh contractual and outsourced workers

August 05, 2025 5:35 am

Data provided by the finance ministry to the Rajya Sabha in July showed that the number of employees at PSBs had declined by 4% in the last five years: from 7.9 lakh in 2020-21 to 7.58 lakh in 2024-25

Stress test: Banks’ GNPA ratio may rise to 3% in Mar 2026 from 2.6% in Sept 2024, hints RBI

December 31, 2024 10:03 am

While the baseline scenario is derived from the forecasted path of macroeconomic variables, the two adverse scenarios are stringent conservative hypothetical stress scenario.

CBI court sentences 2 PSU bank officers to 7 & 3 years in jail for embezzlement

October 05, 2024 5:59 am

The two worked in UCO Bank branches in Lucknow and Kanpur; one of the accused gets seven-year jail each in two cases

FM Nirmala Sitharaman meets heads of PSBs, asks banks to launch special drives to mobilise deposits

August 20, 2024 2:31 am

Banks were also instructed to focus on further increasing credit flow to eligible beneficiaries under various government initiatives like PM Surya Ghar Muft Bijli Yojana and PM Vishwakarma Yojana.

MoS: PSBs got highest education loan requests from TN in 2023-24

August 01, 2024 5:31 am

Majumdar’s reply states that the education loan amount disbursed by public sector banks in 2023-24 was Rs 28,699 crore, while private banks disbursed Rs 7,749 crore.

RBI governor Shaktikanta Das asks banks to strengthen governance, risk management

July 03, 2024 10:21 pm

The governor in his opening remarks noted the continued improvement in banks' asset quality, loan provisioning, capital adequacy, and profitability, the RBI said in a statement.

Six PSU banks issued 1,071 look-out circulars against defaulters in last 5 years

June 04, 2024 5:36 am

The State Bank of India (SBI), the largest commercial bank in the country, said as many as 583 LOCs were issued by the bank.

Market capitalisation of PSU banks rises by up to 91% in Q3

October 05, 2023 9:37 pm

S&P said India's banks, especially the state-owned lenders, have improved their key performance metrics in recent quarters, preparing them better for a challenging global environment.

Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23

May 25, 2023 7:25 pm

State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23.

Bank of Baroda's consolidated Q4 net profit jumps 158% to Rs 5,255 crore

May 16, 2023 3:25 pm

Bank of Baroda Q4 Results: BoB's board has recommended a dividend of Rs 5.50 per equity share (Face Value Rs 2 each fully paid up) for FY23.

Two-day bank strike ends; unions warn of intensifying stir if govt goes ahead with privatisation of PSBs

March 16, 2021 11:08 pm

The United Forum of Bank Unions (UFBU), consisting of nine bank unions, had given the strike call to protest against the government's decision to privatise two more public sector lenders.

Two-day bank strike: As services are hit across India, unions call it 'total success'

May 31, 2018 7:31 pm

The two-day strike across the nation affected banking operations, and caused inconvenience to customers given it came during the month-end.

RBI Governor Raghuram Rajan On Bad Loans

April 12, 2016 10:52 pm

Prudence lay in adhering to fiscal targets: Arun Jaitley

February 29, 2016 4:47 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley while presenting the Union Budget 2016-17 said they were confronted with stress assets problem in public sector banks. He said that public money should reach the poor and deserving without any leakage. A bill on targeted delivery of financial services using Aadhar is also to be introduced. Jaitley also said that prudence lied in adhering to fiscal targets. He also increased allocation of Rs 1, 80,000 crores under PM MUDRA Yojana. He further added that fiscal deficit for fiscal 2016-17 have been targeted at 3.5 percent. Revenue deficit estimate for Financial Year 2015-16 has been down to 2.5 percent from earlier estimates.