Public Sector Banks
-
FD interest rates: Top 7 banks offering highest returns on 3-year fixed deposits
Personal Finance | Nov 09, 2024, 07:35 PM ISTLooking for the best fixed deposit rates? This guide breaks down the top 7 banks in India offering the highest interest rates on 3-year FDs. See the latest rates from private and public sector banks, with enhanced returns for senior citizens.
-
FM Nirmala Sitharaman to meet CEOs of PSBs on August 25 to review financial performance
Business | Aug 15, 2021, 12:07 PM ISTSitharaman is scheduled to meet heads of public sector banks on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic
-
IBPS suspends online registration process for clerks exams in PSBs
Education | Jul 14, 2021, 10:58 PM ISTThe Institute of Banking Personnel Selection (IBPS) on Wednesday said the online registration process for conducting the preliminary and main examinations for recruitment of clerks in public sector banks is temporarily stopped due to unavoidable circumstances.
-
State-run banks to lend up to Rs 5 lakh for COVID treatment
India | May 30, 2021, 08:20 PM ISTThe decision, which comes in the wake of the severe second wave of Covid-19, was announced jointly at a press conference by the State Bank of India and the Indian Banks' Association (IBA).
-
SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit
Business | Apr 04, 2021, 01:14 PM ISTCompound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers including the prompt one who did not avail moratorium.
-
Bank employees continue nationwide strike for 2nd consecutive day
News | Mar 16, 2021, 12:19 PM ISTBank employees continued their strike on the second day following the call off the United Forum of Bank Union (UFBU) on March 16. UFBU had called a two-day nationwide strike against the privatisation of Public Sector Banks and 'retrograde banking reforms'. Few bank services are affected in wake of strike across the country. UFBU, which has 9 bank unions under it, has called for a two-day nationwide strike started from March 15.
-
Govt unlikely to go for privatisation of PSBs this fiscal
Business | Jun 14, 2020, 11:17 AM ISTAt present, four public sector banks are under the RBI''s Prompt Corrective Action (PCA) framework, which puts several restrictions on them, including on lending, management compensation and directors'' fees.
-
PSU banks sanction ₹5.95 trillion loans in just over 2 months: Nirmala Sitharaman
Business | May 13, 2020, 09:38 AM ISTFinance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 lakh crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the sanctioned loans include MSMEs, retailers, farmers and corporate sectors.
-
FM Sitharaman's meeting with heads of public sector banks gets deferred
Business | May 11, 2020, 11:32 AM ISTThe review meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) scheduled for Monday has been postponed.
-
BIG BANK MERGER: 10 public sector banks turn into 4. Key points bank customers must know
Business | Apr 01, 2020, 12:21 PM ISTAs novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.
-
Bank unions call two-day strike from Jan 31
Business | Jan 19, 2020, 04:17 PM ISTThe United Forum of Bank Unions (UFBU), which represents nine trade unions, has given a call for a two-day strike beginning January 31.
-
Banks instructed to clear pending vigilance cases against officials: Nirmala Sitharaman
Business | Dec 28, 2019, 02:53 PM ISTFinance Minister Nirmala Sitharaman on Saturday instructed public sector banks to clear pending vigilance cases against their officials for alleged malpractices. The minister also said no Merchant Discount Rate (MDR) charges will be applicable on select modes of payment from January 1.
-
Bank Unions Strike: 10 things you need to know
Business | Oct 21, 2019, 03:06 PM ISTBanks strike alert! Bank employees unions to go on strike on October 22 against the Centre's decision to merge 10 state-run Public Sector Banks (PSBs) into four. The two unions of bank employees -- All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have jointly called for the strike.
-
Half a dozen public sector banks cut lending rates by up to 0.25%
Business | Oct 10, 2019, 07:05 PM ISTAbout half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month.
-
PSB stocks plunge up to 10.6% post merger announcement
Business | Sep 03, 2019, 04:51 PM ISTPublic sector bank stocks, led by Canara Bank, Union Bank and Punjab National Bank, tumbled up to 10.6 per cent on Tuesday after the government announced the merger of 10 state-run lenders into four.
-
After 'Hyderabad', now 'Andhra' to slip into banking history
Business | Sep 01, 2019, 04:57 PM ISTAfter Hyderabad, it is now the turn of Andhra Pradesh to disappear from the list of public sector banks, depriving both Telugu states of their identity in the banking sector.
-
BIG bank merger: 10 public sector banks to be merged into 4 | Key takeaways
Business | Aug 31, 2019, 12:01 AM ISTObjective of the bank mergers is to make them global sized banks, Finance Minister Nirmala Sitharaman said. With these mergers, the number of PSBs will come down to 12 from 27 in 2017.
-
Govt to upfront infuse Rs 70,000-cr capital into public sector banks: Nirmala Sitharaman
Business | Aug 23, 2019, 06:57 PM ISTSitharaman said that banks will launch repo rate and external benchmark-linked loan products that will lead to reduced easy monthly instalments for housing, vehicle and other retail loans.
-
CBDT directs I-T dept to share assets, accounts info of loan defaulters with banks
Business | Jun 26, 2019, 03:00 PM ISTThe CBDT has directed the Income-Tax Department to share in "public interest" details of assets and accounts of all such loan defaulters against whom a public sector bank has made a plea to it.
-
Vijay Mallya lashes out at public sector banks for 'double standards' after Jet Airways bailout
Business | Mar 26, 2019, 09:47 AM ISTMallya had last month filed his application in the UK High Court, seeking permission to appeal against an extradition order signed by the British Home Secretary.