Gross NPAs Of Public Sector Banks In Education Loans Declines From 7% To 2%
All Scheduled Commercial Banks (SCBs) have been advised by the RBI to adopt the Model Education Loan Scheme (MELS), as last amended on March 21, 2024.
Dec 15, 2025, 23:58 PM IST
Repo Rate Cut: Will Your Home Loan Get Cheaper? Check Rates From ICICI To SBI
While MCLR-linked loans are also expected to move in line with repo rate changes, the adjustments are not always equal. So, even if the RBI cuts the repo rate by 25 basis points, your loan rate may reduce by only around 10 basis points.
Dec 06, 2025, 13:50 PM IST
Public Sector Banks Post Record Rs 44,218 Crore Profit In Q1 FY26, SBI Leads
The State Bank of India (SBI) was the main driver of the impressive performance, accounting for nearly 43 per cent of the total earnings.
Aug 09, 2025, 14:46 PM IST
MTNL Defaults On Rs 8,585 Crore Dues Involving THESE 7 Public Sector Banks– Details Here
MTNL, the loss-making public sector telecom firm has reported a total debt burden of Rs 34,484 crore as of June 30, 2025.
Jul 16, 2025, 13:07 PM IST
Lower GST Rates Coming Soon? FM Nirmala Sitharaman Hints At Changes
FM Nirmala Sitharaman added that while some refinements are needed, the Council is very close to finalising key changes such as rate reductions, rationalisation, and slab adjustments.
Mar 09, 2025, 08:07 AM IST
PSBs In India Clock Record Rs 1.41 Lakh Crore In Net Profit In FY24
In addition to their stellar performance, PSBs have contributed significantly to shareholder returns, paying a total dividend of Rs 61,964 crore over the past three years.
Dec 15, 2024, 18:45 PM IST
Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24
The central bank has proposed that the new guidelines should come into effect from FY25 onwards.
Mar 24, 2024, 19:19 PM IST
Bank Employees To Receive 17% Annual Wage Hike; IBA, Unions Sign Joint Note
All female employees would be permitted to take one sick day each month under the new wage settlement without having to provide a medical certificate.
Mar 09, 2024, 08:14 AM IST
FM Reviews PSBs Performance Amid Stress In US Fin Systems; Asks Bankers To Be Vigilant About Rate Risks
During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the SVB and Signature Bank.
Mar 25, 2023, 19:48 PM IST
FACT CHECK: Is NITI Aayog planning to privatise some public sector banks? Here’s the truth
PIB in its fact check found those reports false and issued the notification, which shared on its official Twitter handle.
Jan 06, 2023, 18:48 PM IST
FM Sitharaman directs banks to enhance coverage of SCs in all schemes
Sitharaman gave these directions during a review meeting of various Central financial schemes being implemented by state-owned banks and their coverage of the SCs.
Sep 28, 2022, 12:51 PM IST
PNB, SBI account for most valuable bank frauds among PSBs: RBI
Public sector banks reported a 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.
May 15, 2022, 15:36 PM IST
Finance Minister Nirmala Sitharaman asks banks to support COVID-affected sectors
Finance Minister Nirmala Sitharaman chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant.
Jan 07, 2022, 18:05 PM IST
Bank strike for 2 days next week: SBI services may be affected
Public sector banks hold 70% of the country's total deposits, and handing them over to private capital will jeopardise the ordinary man's money deposited with these banks,
Dec 12, 2021, 20:03 PM IST
Centre unlikely to announce capital infusion for PSU banks in Budget: Report
The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget.
Dec 12, 2021, 11:08 AM IST
Family pension of PSB bankers hiked to 30% of last salary! Payout to increase by up to Rs 35,000
Department of Financial Services (DFS) India Secretary Debasish Panda had announced the hike in the family pension during the launch of EASE 4.0 by Finance Minister Nirmala Sitharaman in Mumbai.
Aug 25, 2021, 18:26 PM IST
2,118 branches of 10 state-run banks closed or merged in last fiscal: RTI reply
The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.
May 10, 2021, 08:14 AM IST
Centre may redraw bank recapitalisation plan in wake of new challenges
The problem has been accentuated with the Reserve Bank of India now writing to the bank to meet their obligation towards interest on interest for all borrowers where exposure is over Rs 2 crore as well. This will put an additional burden of close to Rs 7,500 crore on banks.
Apr 10, 2021, 16:35 PM IST
Bank operations may be hit due to nationwide unions' strike
In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of the government's disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and has merged 14 public sector banks in the last four years.
Mar 14, 2021, 15:31 PM IST
Bank Strike: United Forum of Bank Union hold protest against privatisation of two public sector banks
10 lakh bank employees have been protesting in the country for the last one month and called for a two-day nationwide strike on March 15 -16.
Mar 12, 2021, 23:11 PM IST