Finance ministry wants PSBs to up recovery rate from write-offs to 40%

Finance ministry wants PSBs to up recovery rate from write-offs to 40%

The Finance Ministry has asked state-owned banks to shore up their low recovery rate from written of..

FM Sitharaman reviews PSBs’ preparedness amid banking crisis in US, Europe

FM Sitharaman reviews PSBs’ preparedness amid banking crisis in US, Europe

Amid turbulence across the global banking sector, Finance Minister Nirmala Sitharaman has asked stat..

Former RBI Guv bats for 10-year road map for privatisation of all PSBs

Former RBI Guv bats for 10-year road map for privatisation of all PSBs

The government should come up with a 10-year road map for privatisation of all public sector banks (..

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Mumbai-based Union Bank of India will have a woman boss for the first time. A Manimekhalai, executiv..

RBI should be given powers to take action against PSBs

RBI should be given powers to take action against PSBs

The Reserve Bank of India (RBI) has been blamed for being late in detecting frauds or red flagging b..

PSBs' pension contribution for staff hiked to 14%: Govt

PSBs' pension contribution for staff hiked to 14%: Govt

The government has decided to increase the public sector bank (PSB) contribution in New Pension Sche..

Discussing privatisation of PSBs with govt: RBI Guv

Discussing privatisation of PSBs with govt: RBI Guv

The Reserve Bank of India is in discussion with the government over the privatisation of public sect..