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News
Public sector bank
Public sector bank News
Public sector bank
27 Feb 2022
Centre to provide capital support mostly to weak PSBs
This will help these public sector banks (PSBs) meet regulatory requirements. These special securities with tenure of 10-15 years are non-interest bearing and valued at par.
Public sector bank
10 Sep 2020
No need to visit bank branches, now financial services will come to your doors
At present only non-financial services are available for consumers. Doorstep financial services shall be made available from October 2020. The services shall be rendered by the Doorstep Banking Agents deployed by the selected Service Providers.
SBI
28 Feb 2018
Recruitment of junior associates in SBI: 2018 exam date postponed
SBI has revised dates for the recruitment of junior associates (customer support and sales).
Reserve Bank
22 Dec 2017
No question of closing down any PSB, says govt & RBI
The RBI said that under its supervisory framework, it uses various measures/tools to maintain sound financial health of banks.
Vijaya Bank
22 Jul 2017
Vijaya Bank Q1 net jumps over 57% to Rs 255 crore
The gross non-performing assets (NPAs) of the bank fell slightly to 7.30 percent of the gross advances as on June 30, 2017 from a level of 7.31 percent a year ago.
bad loans
12 May 2017
RBI governor, FinMin officials discuss NPA resolution issues
Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.
Public sector bank
02 Mar 2017
Indian Bank revises interest rates in FCNR deposits
Public sector Indian Bank has revised its interest rates in foreign currency non-resident (banking) term deposits with immediate effect.
Public sector bank
29 Jul 2016
Public sector bank employees on strike today; operations hit
Public sector bank employees will go on strike on Friday to protest against the proposed merger of associate banks with SBI and banking reforms.
Syndicate Bank
10 Apr 2016
Syndicate Bank issues Rs 500-crore Basel-3 compliant bonds
Public sector Syndicate Bank on Saturday said it has issued unsecured, non-convertible Basel-III compliant bonds to raise Rs 500 crore.
RBI
01 Mar 2016
RBI amends capital recognition rules; Rs 35,000-cr unlocked for PSBs
The Reserve Bank of India Tuesday announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for state-run lenders impacted by asset quality troubles.
PNB
09 Feb 2016
Bad assets hit PNB hard; Oct-Dec net plunges 93% to Rs 51 crore
Bank's asset quality deteriorated further as gross non-performing assets (NPAs) or bad loans hit 8.47 percent of the gross advances during third quarter of current fiscal, as against 5.97 percent a year ago.
RBI deputy governor
14 Dec 2015
Merger of banks has to be very focused: Mundra
Reserve Bank Deputy Governor S S Mundra on Monday supported consolidation in the banking sector but said it has to be a focused exercise.
Public sector bank
30 May 2015
Indian Bank revises deposit rates
Public sector lender Indian Bank has revised interest rates in the foreign currency non-resident (banking) deposits, with effect from June 1.
Finance Ministry
19 Apr 2015
Finance ministry calls meeting of bank heads on April 28
The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.
Indian Bank
01 Apr 2015
Indian Bank revises interest rates
Public sector Indian Bank has revised the foreign currency non-resident banking term deposits interest rates with immediate effect.
Bank credit
06 Mar 2015
Bank credit up 10.39% at Rs 64,53,394 crore
Bank credit growth continued to trail deposit mop-up and remained muted with a mere 10.39 percent rise at Rs 64,53,394 crore in the fortnight to February 20, up from Rs 58,45,833 crore a year ago, according to the latest data released by the Reserve Bank.
Bank strike
03 Dec 2014
PSBs employees go on strike in North; East to follow Thursday
Continuing their four-day relay strike to press for wage hike, public sector bank (PSB) employees in Northern region went off work Wednesday while their counterparts in East India will follow suit on Thursday.
Bank strike
02 Dec 2014
Bank relay strike affects South; North to follow Wednesday
Beginning their four-day relay strike to press for wage hike, public sector bank (PSB) employees in southern region went off work today and while their counterparts in North India will follow suit on Wednesday.
Public sector bank
30 Aug 2014
Indian Bank to revise interest rates from today
Public sector Indian Bank will revise its interest rates on the foreign currency non-resident (banking) term deposits from tomorrow.
Bank of Baroda
28 Jul 2014
Bank of Baroda Q1 net profit rises 16% on lower provisioning
The provisioning for bad loans and contingencies made by the bank were reduced to Rs 526.71 crore for the first quarter FY15, from Rs 1,017.86 crore in the year-ago period.
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