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Public sector banks (PSBs)

Finmin reschedules review meeting with heads of PSU banks to May 6 on financial performance

Finmin reschedules review meeting with heads of PSU banks to May...

Wed, Apr 16, 2025

Public Sector Banks (PSBs) have posted the highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal.

High employee attrition of 25% in private banks pose operational risk: RBI Report

High employee attrition of 25% in private banks pose operational...

Sun, Dec 29, 2024

Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.

PSU banks and financial institutions monetise Rs 4.5 crore through scrap disposal

PSU banks and financial institutions monetise Rs 4.5 crore throug...

Sat, Nov 02, 2024

All the organisations of DFS, PSBs, Public Sector Insurance Companies and other Public Sector Financial Institutions like NABARD, SIDBI, EXIM Bank, NHB, IIFCL etc.

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Finance Minister Nirmala Sitharaman to meet chiefs of public sector banks to review financial performance

Finance Minister Nirmala Sitharaman to meet chiefs of public sect...

Tue, Jul 04, 2023

The public sector banks have come a long way from posting a total net loss of Rs 85,390 crore in 2017-18, to recording a profit of Rs 1,04,649 crore in 2022-23.

Capital amounting Rs 2,76,043 crore infused in Public sector Banks since FY2017-18

Capital amounting Rs 2,76,043 crore infused in Public sector Bank...

Mon, Feb 06, 2023

Capital amounting to Rs 2,76,043 crore infused in public sector Banks (PSBs) since FY 2017-18, has been funded through recapitalisation bonds issued by the Central government and subscribed by the recapitalised banks for the full amount of capital infused.

Coronavirus: Public Sector Bank employee? Modi government salutes you - Big decision on money, insurance taken

Coronavirus: Public Sector Bank employee? Modi government salutes...

Tue, Apr 21, 2020

It's a proud moment, and good news as well for the employees and families of Public Sector Banks (PSBs).

Provision coverage ratio of PSU banks on the rise, crosses 66 pc

Provision coverage ratio of PSU banks on the rise, crosses 66 pc

Sun, Dec 30, 2018

"The PCR of public sector banks has risen steeply from 46.04 per cent as of March 2015 to 66.85 per cent as of September 2018, giving banks cushion to absorb losses," Financial Services Secretary Rajiv Kumar said.

PSBs should have operational freedom like private players to deal with issues: Official

PSBs should have operational freedom like private players to deal...

Sat, Aug 25, 2018

"There are limitations with respect to ownerships in public sector banks (PSBs) but those issues can be easily resolved. You give the public sector banks the kind of operational freedom that the private sector banks have (to operate freely)," Padmanabhan said

Govt aid will give capital relief to banks, but stress will remain: Moody's

Govt aid will give capital relief to banks, but stress will remai...

Tue, Aug 21, 2018

Moody's said the PSBs' external capital needs will not grow much further after fiscal 2019 because the banks' profitability will gradually improve as credit costs moderate in tandem with progress in an ongoing balance-sheet cleanup.

Clean banking drive impact: Public Sector Banks (PSBs) shunning aggressive lending practices, says Rajiv Kumar

Clean banking drive impact: Public Sector Banks (PSBs) shunning a...

Sun, Aug 19, 2018

"Passport details have been sought. Another impact is that defaulters have started approaching banks on their own as they have threat of losing control of their business."

Moody's: Draft bill on resolution of financial firms is credit positive for banks

Moody's: Draft bill on resolution of financial firms is cred...

Tue, Oct 18, 2016

Srikanth Vadlamani, Moody's Vice President and Senior Credit Officer said,"Currently, the resolution of financial firms in India is based on minor parts of legislation enacted for other purposes. As a result the bill is a credit positive for Indian banks in terms of enhancing overall systemic stability".

Revenue reserves of four public sector banks may be wiped out

Revenue reserves of four public sector banks may be wiped out

Thu, Oct 13, 2016

It said, if the PSBs continue to report sharp decline in their profitability and mounting losses, could lead its revenue reserves in danger, which in turn will hamper their near-term ability to service coupon on Additional Tier 1 (AT1) bonds issued under Basel III capital regulations.

No meaningful improvement in the credit quality of Indian entities, Icra says

No meaningful improvement in the credit quality of Indian entitie...

Mon, Oct 10, 2016

The credit quality of domestic corporate sector entities unlikely to worsen further, the report added.

India's 'bad loans' problem in 8 charts

India's 'bad loans' problem in 8 charts

Thu, Jul 21, 2016

All India Bank Employee Association has released the data showing the total number of loan defaulters and the amount they owe. The data also segregates information based on banks.

Watch top 5 stories of this evening; From Govt's Rs 22,915 crore infusion in 13 PSU banks to Wipro's Q1 down 8%

Watch top 5 stories of this evening; From Govt's Rs 22,915 c...

Tue, Jul 19, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments.

Sensex closes higher, Nifty up 0.23%

Sensex closes higher, Nifty up 0.23%

Tue, Jul 19, 2016

Indian shares closed higher on Tuesday with BSE Sensex ending at 27,787.62 points up 0.15%. NIFTY 50 closed at 8,528.55 points, up 19.85 points or 0.23%.

PSU Banks' Recapitalisation: Govt sanctions Rs 23,000 crore

PSU Banks' Recapitalisation: Govt sanctions Rs 23,000 crore

Tue, Jul 19, 2016

Finance Ministry has said that it will provide Rs 22, 915 crore to 13 public sector banks in an effort to meet their recapitalisation needs.

Consolidation in Indian banking sector risky: Moody's

Consolidation in Indian banking sector risky: Moody's

Tue, Jun 28, 2016

The multiple downside risks in the proposed consolidation in the Indian public sector banking (PSB) space far outweighs the potential benefits, said global credit rating agency Moody`s Investors Se

PSBs show decline; pharma, steel firms rise on advance tax front

PSBs show decline; pharma, steel firms rise on advance tax front

Wed, Jun 15, 2016

The impact of Non-Performing Asset (NPA) recognition has hit tax payments by state-run lenders in the financial capital, but the steel and pharma sector companies have posted handsome increase for

Govt to examine PSBs' capital requirements for FY17: Jayant Sinha

Govt to examine PSBs' capital requirements for FY17: Jayant...

Mon, Jun 06, 2016

Finance Minister Arun Jaitley has also promised to provide more if there is an additional requirement.

5 facts to know about Arun Jaitley's PSB meeting

5 facts to know about Arun Jaitley's PSB meeting

Mon, Jun 06, 2016

Jaitley pointed out that PSBs actually made operating profits of Rs 1.40 lakh crore in 2015-16.

Higher provisioning for bad loans cause PSBs to lose; promise to recapitalize: FM

Higher provisioning for bad loans cause PSBs to lose; promise to...

Mon, Jun 06, 2016

Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley today said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were main

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