The Department of Financial Services (DFS), Ministry of Finance, had organised PSB Manthan 2025, a two-day event aimed at shaping the future role of Public […]
Tag: Public Sector Banks
Union Finance Minister Nirmala Sitharaman unveils digital Credit Assessment Model for MSMEs
Union Finance and Corporate Affairs Minister Nirmala Sitharaman, accompanied by Pankaj Chaudhary, Minister of State for Finance, has introduced a new digital Credit Assessment Model […]
RBI slashes CRR by 50 basis points to boost liquidity and credit growth
The Reserve Bank of India (RBI) has announced a phased reduction in the Cash Reserve Ratio (CRR) by 50 basis points, bringing it down to […]
Indian Bank recommends Binod Kumar as the new MD and CEO
The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, the Executive Director (ED) of Punjab National Bank, for the role of Managing Director (MD) […]
SBI hikes MCLR by 10 basis points across all tenors
The State Bank of India (SBI), has announced an increase in its Marginal Cost of Funds-Based Lending Rate (MCLR) by 10 Basis Points (bps) across […]
Bank of Baroda, UCO Bank and other public sector banks raise lending rates amid rising costs
In response to the rising cost of funds, three major public sector banks- Bank of Baroda (BOB), Canara Bank and UCO Bank have increased their […]
Punjab & Sind Bank to take call on Rs 300 crore QIP in fourth quarter: MD Saha
State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter numbers and pace of loan […]