Banking Editorial December 2024
The Indian banking and finance sector continues to demonstrate resilience and adaptability, even amidst evolving challenges and dynamic economic conditions.
Read more
public sector banks
Public sector banks dividend payout may exceed Rs. 15,000 crores
Public sector banks are likely to pay a dividend in excess of Rs 15,000 crore for the financial year ending
Read more
Govt says 10 PSBs transferred NPAs of over Rs. 11,617 crore to NARCL from Jan-Nov 2023
A total of 10 Public Sector Banks (PSBs) have transferred Non-Performing Assets (NPAs) of over Rs 11,617 crore to NARCL
Read more
Rs. 15K Cr awarded to PSBs for ED action: Sitharaman
Public sector banks have received payment of more than Rs 15,000 crore that the Enforcement Directorate (ED) seized from defaulters,
Read more
PSU banks profit crosses Rs. 1 lakh crore mark in FY23
Public sector banks’ cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBI
Read more
RBI asks PSBs to focus on risk management
The Reserve Bank of India exhorted public sector banks to strengthen their boards and increase focus on managing risk. At
Read more
PSBs may seek pause on paying govt dividends
Public sector banks (PSBs) are considering asking the government to allow them to not pay it a dividend as they
Read more
PSBs recovered 14% of written-off loans in 5 years
Public sector banks could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in the
Read more
3-4 months until unclaimed deposits portal is ready
Reserve Bank of India said a centralised portal would be ready in three to four months wherein depositors and beneficiaries
Read more
PSB’s profit jumps 66% on healthy interest margins
Eleven public-sector banks (PSBs) reported an average of 65.7 per cent year-on-year (YoY) growth in net profit at Rs 28,620 crore in
Read more