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 ISTBank 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 ISTFM 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 ISTFACT 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 ISTFM 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 ISTPNB, 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 ISTFinance 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 ISTBank 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 ISTCentre 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 ISTFamily 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 IST2,118 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 ISTCentre 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 ISTBank 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 ISTBank Strike: United Forum of Bank Union hold protest against privatisation of two public sector banks
10 lakh bank employees have been protesting in the country for the last one month and called for a two-day nationwide strike on March 15 -16.
Mar 12, 2021, 23:11 PM ISTNo increase in service charges on savings, Jan Dhan accounts by any public sector bank, says FinMin
The number of free cash deposits and withdrawals, have been reduced from five each per month to three each per month, with no change in the charges for transactions in excess of these free transactions.
Nov 04, 2020, 12:20 PM ISTPSBs to need capital up to Rs 2.1 trillion over next 2 years; govt support to continue: Moody's
According to Moody's, the sharp slowdown in India's economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs.
Aug 21, 2020, 13:41 PM ISTPSBs sanction Rs 6.45 lakh crore loan during March-May
Public Sector Banks sanctioned over Rs 1.03 lakh crore as emergency credit lines & working capital enhancements in the period March 20 to May 15.
May 19, 2020, 11:31 AM ISTAfter Yes Bank crisis, Maharashtra shuns private banks
Instructions to the effect have been issued by Chief Minister Uddhav Thackeray to the concerned departments.
Mar 06, 2020, 14:07 PM ISTManmohan regime left 'nasty stink of corruption' in public banking: FM Nirmala Sitharaman
She was responding to an audience members question about Rajan`s reported criticism that Prime Minister Narendra Modi`s government is "extremely centralised" and does not have a "consistent and articulated vision" for economic growth.
Oct 16, 2019, 12:47 PM ISTRBI debunks social media rumours about closure of 9 public sector banks
Finance Secretary Rajeev Kumar also rejected the reports and said that the rumours about RBI deciding to close some banks are "mischievous" and that there is "no question of closing any public sector bank".
Sep 25, 2019, 16:56 PM IST