psu

A file photo of the Mangalore Refinery and Petrochemicals Limited (MRPL) unit near Mangaluru. | Photo Credit: MANJUNATH HS Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, has become the largest PSU refinery…

Currently, banks are closed every second and fourth Saturday of a month.Why shouldn't they be shut every Saturday?When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on…

Sensex Today: Equity benchmark indices scaled new all-time highs on Thursday tracking strength in global equities after the US consumer inflation to its lowest since March 2021. The BSE Sensex rose over 600 points to top 66,000 and the NSE…

After signing agreements with the Madhya Pradesh and the Tamil Nadu governments, the government-backed e-commerce marketplace the Open Network for Digital Commerce (ONDC) signed an agreement with the Kerala government on Friday to improve…

BoM retained the top position in terms of garnering low-cost Current Account and Savings Account (CASA) deposits. (Representative image)In absolute terms, aggregate loans of the country’s biggest lender SBI were nearly 16 times higher at Rs…

NEW DELHI: Public sector banks' cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBIaccounting for nearly half of the total earnings.From posting a total net loss of Rs 85,390 crore in 2017-18,…

NEW DELHI: Reserve Bank governor Shaktikanta Dasis scheduled to meet the board of directors of all public sector banks on Monday to discuss issues related to governance and ethics. The one-day meeting organised by the Department of…

The FY23 financial numbers would give some idea about the impact of restructuring initiated on the profitability numbers and the solvency margin, sources said. (Representative image)The finance ministry last year asked three insurers --…

'The CM kept his cool, but his adviser was liberal with filthy language.'Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life. Last week's column…

Public sector banks and private sector banks wrote off an aggregate amount of Rs 8,16,421 crore and Rs 3,01,462 crore, respectively, during the last six financial years.Worried over the low recovery rate from written-off accounts, the…