public sector banks

Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24

The central bank has proposed that the new guidelines should come into effect from FY25 onwards.

Mar 24, 2024, 19:19 PM IST

Bank Employees To Receive 17% Annual Wage Hike; IBA, Unions Sign Joint Note

All female employees would be permitted to take one sick day each month under the new wage settlement without having to provide a medical certificate.

Mar 09, 2024, 08:14 AM IST

FM Reviews PSBs Performance Amid Stress In US Fin Systems; Asks Bankers To Be Vigilant About Rate Risks

During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the SVB and Signature Bank.

Mar 25, 2023, 19:48 PM IST

FACT CHECK: Is NITI Aayog planning to privatise some public sector banks? Here’s the truth

PIB in its fact check found those reports false and issued the notification, which shared on its official Twitter handle.

Jan 06, 2023, 18:48 PM IST

FM Sitharaman directs banks to enhance coverage of SCs in all schemes

Sitharaman gave these directions during a review meeting of various Central financial schemes being implemented by state-owned banks and their coverage of the SCs.

Sep 28, 2022, 12:51 PM IST

PNB, SBI account for most valuable bank frauds among PSBs: RBI

Public sector banks reported a 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.

May 15, 2022, 15:36 PM IST

Finance Minister Nirmala Sitharaman asks banks to support COVID-affected sectors

Finance Minister Nirmala Sitharaman chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant.

Jan 07, 2022, 18:05 PM IST

Bank strike for 2 days next week: SBI services may be affected

Public sector banks hold 70% of the country's total deposits, and handing them over to private capital will jeopardise the ordinary man's money deposited with these banks,

Dec 12, 2021, 20:03 PM IST

Centre unlikely to announce capital infusion for PSU banks in Budget: Report

The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget.

Dec 12, 2021, 11:08 AM IST

Family pension of PSB bankers hiked to 30% of last salary! Payout to increase by up to Rs 35,000

Department of Financial Services (DFS) India Secretary Debasish Panda had announced the hike in the family pension during the launch of EASE 4.0 by Finance Minister Nirmala Sitharaman in Mumbai.

Aug 25, 2021, 18:26 PM IST

2,118 branches of 10 state-run banks closed or merged in last fiscal: RTI reply

The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.

May 10, 2021, 08:14 AM IST

Centre may redraw bank recapitalisation plan in wake of new challenges

The problem has been accentuated with the Reserve Bank of India now writing to the bank to meet their obligation towards interest on interest for all borrowers where exposure is over Rs 2 crore as well. This will put an additional burden of close to Rs 7,500 crore on banks.

Apr 10, 2021, 16:35 PM IST

Bank operations may be hit due to nationwide unions' strike

In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of the government's disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and has merged 14 public sector banks in the last four years.

Mar 14, 2021, 15:31 PM IST