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Public Sector Banks

PSBs’ employee costs double in 10 years despite no increase in headcount

'Middle management has become bulkier, clerical staff has shrunk. This will have serious implications for future growth capacity,' a report prepared by Boston Consulting Group (BCG) in association with industry body FICCI and Indian Banks' Association, said.

06 September 2024, 20:51 IST

PSBs’ employee costs double in 10 years despite no increase in headcount

PSBs’ employee costs double in 10 years despite no increase in headcount

PSBs’ employee costs double in 10 years despite no increase in headcount

06 September 2024, 20:51 IST

Max graft complaints in 2023 against rail, Delhi local bodies, public sector bank staff: CVC report

As many as 74,203 graft complaints were received against all categories of officers/employees in 2023, of which 66,373 were disposed of and 7,830 were pending.

03 September 2024, 10:20 IST

Max graft complaints in 2023 against rail, Delhi local bodies, public sector bank staff: CVC report

Max graft complaints in 2023 against rail, Delhi local bodies, public sector bank staff: CVC report

Max graft complaints in 2023 against rail, Delhi local bodies, public sector bank staff: CVC report

03 September 2024, 10:20 IST

FM Sitharaman asks PSBs to conduct special drives to garner deposits

Heads of public sector banks and regional rural banks and top Finance Ministry officials attended the meeting chaired by Sitharaman.

19 August 2024, 14:27 IST

FM Sitharaman asks PSBs to conduct special drives to garner deposits

FM Sitharaman asks PSBs to conduct special drives to garner deposits

FM Sitharaman asks PSBs to conduct special drives to garner deposits

19 August 2024, 14:27 IST

Bankers’ body urges Maharashtra CM to make banks safe from attacks

'The disgraceful acts have instilled fear and insecurity among the bank staff, who now find it increasingly difficult to serve the public under such hostile conditions,' the United Forum of Bank Unions (UFBU) said in a letter.

14 August 2024, 12:50 IST

Bankers’ body urges Maharashtra CM Eknath Shinde to make banks safe from attacks

Bankers’ body urges Maharashtra CM Eknath Shinde to make banks safe from attacks

Bankers’ body urges Maharashtra CM to make banks safe from attacks

14 August 2024, 12:50 IST

Public sector banks' NPAs on Mudra loans fall to 3.4% in 2023-24: FM Sitharaman

This marks an improvement from 4.77 per cent in 2020-21, 4.89 per cent in 2019-20, and 3.76 per cent in 2018-19, she said in response to a query in the Lok Sabha during the Question Hour.

05 August 2024, 11:12 IST

Public sector banks' NPAs on Mudra loans fall to 3.4% in 2023-24: FM Sitharaman

Public sector banks' NPAs on Mudra loans fall to 3.4% in 2023-24: FM Sitharaman

Public sector banks' NPAs on Mudra loans fall to 3.4% in 2023-24: FM Sitharaman

05 August 2024, 11:12 IST

People will break Modi's 'chakravyuh': Rahul on PSBs collecting crores as penalty

His attack on the government came after it emerged in a written reply to a question in the Lok Sabha that public sector banks collected around Rs 8,500 crore under this head in five years starting from FY 2019-20.

30 July 2024, 09:12 IST

People will break Modi's 'chakravyuh': Rahul on PSBs collecting crores as penalty

People will break Modi's 'chakravyuh': Rahul on PSBs collecting crores as penalty

People will break Modi's 'chakravyuh': Rahul on PSBs collecting crores as penalty

30 July 2024, 09:12 IST

Finance Ministry to meet CEOs of PSBs on Tuesday, review progress of financial inclusion schemes

The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi.

24 June 2024, 09:48 IST

Finance Ministry to meet CEOs of PSBs on Tuesday, review progress of financial inclusion schemes

Finance Ministry to meet CEOs of PSBs on Tuesday, review progress of financial inclusion schemes

Finance Ministry to meet CEOs of PSBs on Tuesday, review progress of financial inclusion schemes

24 June 2024, 09:48 IST

Public sector units' stocks rally over 12% after exit polls predict BJP win

In the mid-session trade, the Nifty PSU Bank Index witnessed a steep surge climbing 644.15 points or 8.72 per cent to reach an all-time high of 8,030.15, with the scrip of Bank of Baroda rising 12.53 per cent to trade at Rs 298.10.

03 June 2024, 11:17 IST

Public sector units' stocks rally over 12% after exit polls predict victory for PM Modi's ruling party

Public sector units' stocks rally over 12% after exit polls predict victory for PM Modi's ruling party

Public sector units' stocks rally over 12% after exit polls predict BJP win

03 June 2024, 11:17 IST

Public sector banks' total profit crosses Rs 1.4 lakh crore in FY24

In percentage terms, Delhi-based Punjab National Bank had the highest net profit growth with 228 per cent to Rs 8,245 crore, followed by Union Bank of India with a 62 per cent rise to Rs 13,649 crore and Central Bank of India with a 61 per cent increase to Rs 2,549 crore.

14 May 2024, 09:09 IST

Public sector banks' total profit crosses Rs 1.4 lakh crore in FY24

Public sector banks' total profit crosses Rs 1.4 lakh crore in FY24

Public sector banks' total profit crosses Rs 1.4 lakh crore in FY24

14 May 2024, 09:09 IST

Public sector banks don't have power to issue Look Out Circulars against defaulters: Bombay HC

The HC's verdict would render all LOCs issued by such banks against defaulters as quashed.

23 April 2024, 08:15 IST

Public sector banks don't have power to issue Look Out Circulars against defaulters: Bombay HC

Public sector banks don't have power to issue Look Out Circulars against defaulters: Bombay HC

Public sector banks don't have power to issue Look Out Circulars against defaulters: Bombay HC

23 April 2024, 08:15 IST