Twelve public sector banks have come under the National Commission for Scheduled Castes’ scanner for non-implementation of central schemes, low loan disbursal and not filling […]
Tag: PSU Banks
Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23
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 […]
RBI Governor addresses board members of PSU banks on governance, ethics
Reserve Bank Governor Shaktikanta Das on Monday met the board of directors of all public sector banks to discuss issues related to governance and ethics. […]
PSU banks raising stakes in interest rate derivatives to diversify risk management
Mumbai: The Reserve Bank of India has often exhorted banks to utilise the domestic derivatives infrastructure to mitigate risk from their government bond positions. The […]
PSU banks list assets for sale to NARCL after finance ministry nudge
The government-promoted asset reconstruction company will evaluate accounts of about 300 distressed companies with cumulative loans of Rs 3lakh crore for acquisition this fiscal year, […]
PSU banks set target for selling flagship government insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan […]
PSU banks recover 14 pc of written-off loans in last 5 years: Nirmala Sitharaman
Public sector banks could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in the last five years ending March […]
PSU banks now offer inflation-beating FD rates
Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot, […]
Govt raises maximum tenure of PSU banks’ CEO to 10 years
The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that will help the government retain […]