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Public Sector Banks

Public sector banks' dividend payout rises 33% in FY24: Centre

Public sector banks' dividend payout rises 33% in FY24: Cent...

Sun, Mar 23, 2025

Public sector banks (PSBs) in India have shown significant financial improvement, as their dividend payouts increased by 33 per cent to Rs 27,830 crore in the financial year 2023-24.

Number of credit cards more than doubled to 10.8 crore in 5 years, transactions surge: RBI

Number of credit cards more than doubled to 10.8 crore in 5 years...

Tue, Jan 28, 2025

A similar growth trajectory is witnessed in card transactions as well, said the RBI report. During CY2024, there were 447.23 crore and 173.90 crore payment transactions worth of Rs 20.37 lakh crore and Rs 5.16 lakh crore through credit and debit cards, respectively.

UCO Bank to raise Rs 2,000 crore via QIP this quarter

UCO Bank to raise Rs 2,000 crore via QIP this quarter

Tue, Jan 21, 2025

State-owned UCO Bank on Tuesday said the bank would mobilise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter to comply with Sebi's minimum public shareholding (MPS) norms.

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Gross NPAs of public sector banks at Rs 3.16 lakh crore, over 3% of outstanding loans

Gross NPAs of public sector banks at Rs 3.16 lakh crore, over 3%...

Tue, Dec 10, 2024

The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday.

Public Sector Banks report strong growth with 11% YoY increase in H1 FY 2024-25

Public Sector Banks report strong growth with 11% YoY increase in...

Tue, Nov 12, 2024

Public Sector Banks report strong 11% growth in H1 FY25, driven by banking reforms and digital advances, with improved profits, reduced NPAs, and enhanced customer service, showcasing resilient financial performance.

Strong money will be made in government banks?

Strong money will be made in government banks?

Mon, Sep 23, 2024

Which PSU stocks are buying opportunities? Strong money will be made in government banks?

Exclusive: DFS Unveils Plan for PSU Banks to Fulfill MPS Requirements | QIP Route Considered First

Exclusive: DFS Unveils Plan for PSU Banks to Fulfill MPS Requirem...

Fri, May 03, 2024

EXCLUSIVE news related to PSU Banks - DFS's plan ready to fulfill MPS rules in PSU banks - DFS told that banks were asked to first consider the QIP route.

Public sector banks' dividend payout may exceed Rs 15,000 crore in FY24

Public sector banks' dividend payout may exceed Rs 15,000 cr...

Sun, Mar 24, 2024

In the first three quarters of the current financial year, all 12 PSBs earned a total profit of Rs 98,000 crore, only Rs 7,000 crore less than the entire FY23. PSBs earned the highest-ever aggregate net profit of Rs 1.05 lakh crore during FY23 compared to Rs 66,539.98 crore earned in 2021-22.

PSBs' valuations still reasonable despite 162% jump in Nifty PSU Bank index in less than 2 years: Report

PSBs' valuations still reasonable despite 162% jump in Nifty...

Tue, Feb 27, 2024

Considering PSBs’ valuation history, their trading multiples may look constrained now; however, the quality of earnings, growth outlook, and broader re-rating in public sector enterprises (PSEs) will enable steady performance for the sector, the brokerage added.

FM Sitharaman to review with Public Sector Bankers' financial performance on 30th december

FM Sitharaman to review with Public Sector Bankers' financia...

Tue, Dec 26, 2023

FM's meeting with public sector bankers on 30th December, what will be the important issues of this meeting...? Know complete details in this video.....

Public sector banks get Rs 15,183 crore following ED action under PMLA: FM Sitharaman

Public sector banks get Rs 15,183 crore following ED action under...

Tue, Dec 05, 2023

Sitharaman informed the House that as of March 31, 2023, legal suits were filed for recovery against 13,978 loan accounts, action under the SARFAESI Act has been initiated in 11,483 cases, FIRs have been filed in 5,674 cases, and an aggregate amount of Rs 33,801 crore has been recovered.

Recent correction may have prepared three PSU bank stocks for a rebound

Recent correction may have prepared three PSU bank stocks for a r...

Tue, Nov 14, 2023

The PSU banking space has bucked an overall weak trend in the market so far in Samvat 2080, the New Year as per the Vikrami calendar that began with a special, one-hour trading session on the day of Diwali.

Committee of Directors gives nod to raise equity capital upto Rs 4,000 crore: Indian Bank

Committee of Directors gives nod to raise equity capital upto Rs...

Wed, Aug 30, 2023

Public sector Indian Bank on Wednesday said the Committee of Directors accorded approval for raising equity capital of the bank aggregating to Rs 4,000 crore.

Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs

Finance Ministry to meet heads of banks on February 22; to review...

Sun, Feb 19, 2023

The meeting between Finance Ministry and banks' heads is scheduled to be held on February 22 to review progress on ECLGS and Loan Guarantee Scheme for COVID-Affected Sectors (LGSCAS), sources said.

Q3 earnings review: Public sector banks' profit jumps 65% – here’s how SBI, Bank of Maharashtra and others performed

Q3 earnings review: Public sector banks' profit jumps 65% –...

Sun, Feb 12, 2023

Bank of Maharashtra recorded a 139 per cent jump in profit to Rs 775 crore at the end of December 2022, according to quarterly results declared.

PSU Bank stocks firm in otherwise weak market; Morgan Stanley bullish on sector – Check target price of BoB, BoI, PNB, Canara Bank

PSU Bank stocks firm in otherwise weak market; Morgan Stanley bul...

Tue, Dec 06, 2022

The Nifty PSU Bank index hit a new high of 4,277.75 intraday trade, up 3 per cent. At around 02:45 PM, the index was up over 1 per cent to 4,201.55 as compared to a 0.50 per cent fall in the Nifty 50 index.

Many public sector banks saddled with weak assets, high credit costs: S&P Global Ratings

Many public sector banks saddled with weak assets, high credit co...

Sat, Nov 19, 2022

While the government-owned State Bank of India (SBI) and leading private banks have addressed their asset quality challenges, the same cannot be said about many other Indian public sector banks (PS

Government To Launch Common Helpline To Hear Complaints Of Customers Of Public Sector Banks

Government To Launch Common Helpline To Hear Complaints Of Custom...

Mon, Oct 31, 2022

A common helpline is being planned to hear the complaints of the customers of public sector banks. The Indian Banks Association started implementing the instructions of the government. Brajesh Kumar is telling the complete blueprint of what will happen.

Consolidation of public sector banks not impacted their outreach or inclusive banking efforts, says RBI Deputy Guv Rao

Consolidation of public sector banks not impacted their outreach...

Sat, Oct 22, 2022

The genesis of financial sector reforms in India could be attributed to the recommendations of the Committee on the Financial System chaired by M Narasimham in 1991.

Finance minister asks PSU banks to fill backlog vacancies, enhance coverage of SCs in all schemes

Finance minister asks PSU banks to fill backlog vacancies, enhanc...

Tue, Sep 27, 2022

Finance Minister Nirmala Sitharaman on Tuesday asked public sector banks (PSBs) to fill the backlog vacancies of Scheduled Castes (SCs) in time bound manner and enhance their coverage in all scheme

PSU banks clear digital lending worth Rs 83,091 crore in FY 2021-22

PSU banks clear digital lending worth Rs 83,091 crore in FY 2021-...

Mon, Sep 19, 2022

Bank of Baroda received the first prize among all PSBs for the best overall performance on PSB Reforms EASE Agenda 4.0. State Bank of India and Canara Bank were ranked second and third respectively.

Bank Privatisation: RBI clarifies stand on article recommending gradual approach to privatisation

Bank Privatisation: RBI clarifies stand on article recommending g...

Fri, Aug 19, 2022

“As clearly stated in the article itself, the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India,” an RBI release said

Editors Take: Anil Singhvi Bullish On Banks? Check Out The Analysis Of June Quarter Results

Editors Take: Anil Singhvi Bullish On Banks? Check Out The Analys...

Fri, Jul 29, 2022

What will happen in Dr Reddy today after the bad results? What to do in SBI Life and TVS Motor? Why is Anil Singhvi bullish on public sector banks? Check out the analysis of June quarter results.

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