Public Sector banks

NEW DELHI: Prime Minister Narendra Modi on Saturday hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the…

BENGALURU: S&P Global Ratings said on Tuesday that Indian companies were in "good credit shape" due to strong growth in the country's economy and accommodative corporate balance sheets."By our estimates, aggregate EBITDAin fiscal 2024…

<!-- -->Nirmala Sitharaman underlined the need for continuing the momentum to fuel economy. (File)New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the public sector banks' profit in the last nine years has tripled to Rs…

Public and private sector banks will remain closed for 15 days in July due to different festivals being celebrated in particular states. The Reserve Bank of India (RBI) has notified eight days as 'holiday under negotiable instruments…

In a remarkable turnaround, the public sector banks in India have scripted an inspiring tale of financial success. Cumulative profits of PSBs have crossed the ₹1 lakh crore-mark in the fiscal year ending March 2023.From a staggering net…

NEW DELHI: Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.From posting a total…

<!-- -->Except for the Punjab National Bank (PNB), other PSBs have reported impressive annual increases.New Delhi: Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with…

Reserve Bank Governor Shaktikanta Das (File photo)Das will address the directors, both whole time and independent, on issues related to governance, ethics, and the role of the boards in assurance functionalities of the banks, besides…

NEW DELHI: The banking sector is likely to post good numbers in the fourth quarter ended March 2023, and the total profit of public sector banks (PSBs) is expected to touch a record high of Rs 1 lakh crore in FY23, aided by the decline in…

Finance Minister Nirmala Sitharaman. (File photo)None of the PSBs, 12 in total, have built comprehensive stress testing models on scenarios in line with recommendations, says a reportThe government has asked public sector banks (PSBs) to…