psbs

Prime Minister Narendra Modi.Prime Minister Narendra Modi says public sector banks which were earlier known for losses and non-performing assets are now being discussed for their record profitsPrime Minister Narendra Modi on Saturday said…

'There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.'   In a first, the finance ministry has asked public sector banks (PSBs) to explore resource sharing and…

NEW DELHI: In the wake of the HDFC-HDFC Bank merger, finance minister Nirmala Sitharamanon Thursday instructed the chiefs of public sector banks to focus on mopping up deposits at a time when the state-run players have lost market share.A…

“It is unsustainable for such (pay) differentials to continue without a major adverse impact on the recruitment and retention of talented managers in public sector banks” - P J Nayak Committee report to “review governance of boards of banks…

Private sector banks' slippages and write-offs from loans restructured after the COVID-19 pandemic are almost double than that of their State-owned peers, a report said on Friday. Private sector banks have seen slippages and loan…

The government is set to earn an equity dividend of nearly Rs 13,800 crore from the listed public-sector banks (PSBs), all 12 of them, for FY23, up 50 per cent from Rs 9,210 crore in FY22. This will be the highest ever dividend for the…

MUMBAI: Public sector banks (PSBs) are bearing the brunt of the Rs 2,000 note exchange traffic, with many private bank branches being extra cautious in accepting notes for exchange.Most private sector branches insist on a request slip and…

Currently, bank employees work on alternate Saturdays, apart from usual week days.Once the five-day workweek is implemented, employees will need to work 40 minutes more every day from 9.40 am to 5.20 pm, as against 9 am to 5 pm currentlyThe…

Last year, the finance ministry revised rates from Rs 330 to Rs 436 under PMJJBY and from Rs 12 to Rs 20 for PMSBY, effective June 1, 2022. (Representative image)The ministry has asked banks to encourage customers to buy policies for…

State-run banks will set up an e-auction app to dispose of about 500,000 properties over the next five years. "Our target is that in the next five years, around six lakh transactions be done through the app, which include over one lakh…