Public Sector Bank News
Public sector banks’ dividend rises 33 pc to ₹27,830 cr in FY24
Public sector banks’ dividend rises 33 pc to ₹27,830 cr in FY24
1 min read23 Mar 2025Bank strike: Banking services likely to be hit on THESE days next week — all you need to know
Banking services in India are set to be affected as workers’ unions call for a strike next week. The operations of public, private and regional rural banks may be disrupted for up to four days.
2 min read21 Mar 2025Motilal Oswal prefers private banks over public sector lenders. Here’s why
FY25 was challenging for the BFSI sector, with modest returns. MOSL prefers private banks over public ones, anticipating better performance due to stronger balance sheets and earnings recovery potential. Despite pressures, PVBs are expected to outpace PSBs in earnings growth through FY27.
4 min read20 Mar 2025FinMin’s first review meeting with PSB heads post-Union Budget deferred to March 5
The finance ministry had said in an earlier statement that PSBs’ better asset quality is visible from a significantly low net NPA ratio of 0.59 per cent (aggregate net NPA outstanding of ₹61,252 crore).
1 min read25 Feb 2025Bank holiday tomorrow: Are banks open or closed on February 26 on account of Mahashivratri?
Bank holiday tomorrow: Banks in several states and cities will remain closed for services on Wednesday, February 26, 2025, on account of Mahashivratri to honour Lord Shiva.
2 min read25 Feb 2025Govt seeks merchant bankers, legal firms to cut stake in public sector banks, financial institutions
Govt seeks merchant bankers, legal firms to cut stake in public sector banks, financial institutions
2 min read24 Feb 2025Three public sector banks may put government stake on sale in FY26
At least three of the five public sector banks with more than 75% government ownership are expected to raise capital through qualified institutional placements in 2025-26
3 min read11 Feb 2025PSBs highest-ever net profit of rs 1.29 lakh crore recorded, marking 31.3 per cent growth
Public Sector Banks (PSBs) have recorded the combined net profit surged to an all-time high of ₹1,29,426 crore during April-December 2024, registering a 31.3 per cent year-on-year (YoY) growth.
1 min read6 Feb 2025Punjab & Sind Bank to raise ₹2,000 cr via QIP this quarter: MD & CEO Swarup Kumar Saha
Punjab & Sind Bank to raise ₹2,000 cr via QIP this quarter: MD & CEO Swarup Kumar Saha
1 min read19 Jan 2025Here’s how the government could offer India’s stock market some relief
As the long slide in Indian stock indices since September persists, the Centre should step up economic reforms and adopt measures aimed at lending the market greater allocative efficiency. Perhaps divestment could be resumed.
3 min read15 Jan 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared