Public Sector Banks News
Vijay Mallya, Nirav Modi among 15 declared Fugitive Economic Offenders; owe ₹58,000 crore to PSBs: Govt in Parliament
The Union government has declared 15 individuals, including notorious businessmen Vijay Mallya and Nirav Modi, as Fugitive Economic Offenders, collectively owing ₹58,000 crore to public sector banks.
2 min read2 Dec 2025Bank holidays next week: When are banks closed from 24-30 November? — Check here
Bank holiday next week: According to the RBI calendar, banks across India will be shut on just one day this week — Sunday, 30 November. On all other days, banking operations will remain open as usual.
2 min read23 Nov 2025Central Bank, UCO Bank, Punjab & Sind Bank, other PSU bank stocks rally up to 4% amid reports of merger
Shares of PSU banks rose up to 4% following news of a strategy for upcoming mergers. The government aims to consolidate 12 banks into 6-7 larger entities, possibly starting with 1-2 smaller banks merging with SBI or PNB.
3 min read17 Nov 2025Govt reviews performance of public sector lenders; AI, digital banking in focus
The finance ministry reviewed public sector banks' performance for H1 FY26, noting a net profit of ₹93,675 crore. Improvements in asset quality were observed, and banks showcased advancements in digital banking.
2 min read13 Nov 2025India wants bigger banks to match global giants—But size alone doesn't assure better outcomes
India’s push to create banking giants mirrors its ambition to rise in the global economic rankings. But bigger isn’t necessarily better. Mergers must be guided by sound commercial logic, not policy diktats.
2 min read12 Nov 2025How a central bank move to slap down fund diversion split private, public sector banks
The RBI clampdown on current accounts has miffed private sector banks. They feel the move disadvantages them against PSBs, which are typically the biggest lenders in any consortium
4 min read11 Nov 2025Nifty PSU Bank index shines in a volatile week; soars over 2%, third straight advance
Public sector banks have shown resilience, with 7 out of 12 Nifty PSU Bank index constituents gaining this week. Bank of Baroda led the charge. Analysts remain optimistic due to increasing credit growth and potential government policy changes to attract foreign investment.
3 min read7 Nov 2025Canara Bank share price hits 1-year high, surges 19% in September — biggest monthly jump in 3 years
Canara Bank shares rose 2.2% to a 52-week high of ₹124.55 on September 24, marking a 19% increase in September, its largest monthly gain in three years. Positive sentiment is driven by potential increases in FPI limits and hopes of a pickup in credit demand.
1 min read24 Sep 2025India to target two PSBs in top 20 global banks as part Viksit Bharat 2047 plan
India plans to elevate two public sector banks into the global top 20 by 2047 under its Viksit Bharat road map, as envisaged during the conference of public sector banks.
2 min read13 Sep 2025Nifty Bank loses 6.4% in two months — What ails banking stocks?
The yield on the Indian 10-year G-Sec rose toward 6.6% in August, its highest level since March 27, as fiscal worries and muted demand weighed on sentiment, which also raised concerns that falling bond prices could hurt banks’ treasury income in the second quarter of the current fiscal year.
3 min read1 Sep 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
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