PSU banks’ compensation against fraud rises over three-fold in FY24: FM

PSU banks’ compensation against fraud rises over three-fold in FY24: FM

Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds re..

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

Public sector banks have charged depositors Rs 2,331 crore penalty for not maintaining monthly avera..

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs..

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra has posted the highest growth rate last fiscal in terms of total business and de..

Five PSU banks to trim government shareholding

Five PSU banks to trim government shareholding

Five state-owned banks are planning to trim government stake to less than 75% to comply with market ..

Finance ministry asks PSU banks to review gold loan portfolio

Finance ministry asks PSU banks to review gold loan portfolio

The Finance ministry has directed all state-owned banks to review their gold loan portfolio as insta..

Govt eyes Rs 1.02 lakh crore dividend income from RBI, PSU banks in FY25

Govt eyes Rs 1.02 lakh crore dividend income from RBI, PSU banks in FY25

The government expects to receive Rs 1.02 lakh crore as dividend from the Reserve Bank of India (RBI..

Will PSU banks see another wave of mergers?

Will PSU banks see another wave of mergers?

The possible merger of some public sector banks gained currency after a government document, shared ..

Centre asks PSU banks to monitor top loan accounts

Centre asks PSU banks to monitor top loan accounts

The Finance ministry has asked public sector banks (PSBs) to follow stricter monitoring of top corpo..

PSU banks support Adani’s copper foray

PSU banks support Adani’s copper foray

Adani Group has got a consortium of public sector banks to provide the entire debt requirement of Rs..

Govt not to infuse capital in PSU banks in FY23

Govt not to infuse capital in PSU banks in FY23

The budget has not provided for any capital infusion in public sector banks in 2022-23.  “..

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Three chief executives and 10 executive directors of public sector banks have got tenure extensions...

No specific proposal to merge more PSU banks: Govt

No specific proposal to merge more PSU banks: Govt

There is no specific proposal to amalgamate more public sector banks which is currently under consid..

Sale of two PSU banks deferred to next fiscal

Sale of two PSU banks deferred to next fiscal

The government may defer the sale of two public sector banks to next financial year as the procedura..

Govt to infuse Rs 14,500 cr in 4 PSU banks

Govt to infuse Rs 14,500 cr in 4 PSU banks

The government will infuse Rs 14,500 crore into four weak state-run banks that will go to strengthen..