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  Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'

  Business | July 01, 2023 21:04 IST

  Public sector banks (PSBs) net profit nearly tripled from Rs 36,270 crore in FY2014 to Rs 1.04 lakh crore in FY23.

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  What is Bad Bank? How Modi govt plans to address stressed assets of public sector banks

  Business | February 02, 2021 11:02 IST

  Bad Bank will seek to provide financial stability in the banking sector. It will hold problem loans for public sector banks which can then be sold on to investors at a reduced price. This will ultimately help clean up the balance sheets of banks.

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  Public sector banks to raise Rs 25,000 crore in next 3 months: DFS Secretary

  Business | December 20, 2020 11:04 IST

  In the last few months lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 40,000 crore from the market, Financial Services Secretary Debasish Panda told PTI in an interview.

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  Bharat Bandh: Operations at public sector banks partially hit due to trade union strike

  Business | November 26, 2020 11:13 IST

  The All India Bank Employees' Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) are participating in the strike.

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  No decision to discontinue printing of Rs 2,000 banknotes: MoS Finance Thakur

  India | March 16, 2020 18:52 IST

  The government on Monday said no decision has been taken to discontinue printing of Rs 2,000 banknotes, and state-owned SBI and Indian Bank are reconfiguring ATMs for Rs 500 and Rs 200 notes.

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  ₹2,000 currency notes' circulation restricted by a public sector bank, say reports

  Business | February 10, 2020 12:26 IST

  A public sector bank has restricted circulation of Rs 2,000 notes and has asked senior management to also not stock them in the bank's ATMs.

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  Budget 2020: Bad news! Taxpayers lose Rs 98,900 crore in Public Sector Banks

  Business | February 01, 2020 17:43 IST

  Budget 2020: There's bad news for taxpayers as Economic Survey 2019-2020 report makes an alarming revelation. According to the Economic Survey, in 2019, taxpayers' total money invested in public Sector Banks (Sarkari banks) by the government has suffered a massive loss.

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  No job losses post merger of 10 PSBs: Government

  Business | December 03, 2019 17:24 IST

  In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets that can be used to boost credit and spur growth.

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  Public sector bank unions defer today's proposed strike

  India | January 07, 2015 8:50 IST

  Kolkata: Public sector bank employee unions have defered their one-day strike, proposed for January 7, while negotiations will continue on Wednesday with the management representatives on wage hike and other issues.Bank unions have deferred the