Tag: public sector banks

LIC IPO next fiscal: Finance minister Nirmala Sitharaman – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday said initial public offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) will take place next...

Public sector banks may take Rs 6,000 crore hit on Sintex Industries fraud – Times of India

MUMBAI: Public sector banks face a hit of close to Rs 6,000 crore on account of their exposure to Sintex Industries which has been...

Pandemic to leave up to 3.7% of loans as NPAs: Report – Times of India

MUMBAI: Rating agency ICRA on Wednesday revised down its credit growth outlook for banks to 2-3 per cent for the current fiscal, and said...

PSU banks on-board 1 crore account holders on digital payment modes in a month – Times of India

NEW DELHI: The finance ministry on Friday said that public sector banks (PSBs) have on-boarded about one crore customers on digital payment modes in...

PSU Banks Onboard 1 Crore Account Holders on Digital Payment Modes in a Month

Representative image. (Illustration: Shutterstock) ...

Home loan inquiries top last year’s level – Times of India

MUMBAI: The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is...

Government seeks nod for Rs 2.4 lakh crore extra spending – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for extra spending of Rs 2.4 lakh crore, out of which the cash...

List of Banks That Offer Comparatively Higher Annual Interest Rates on Tax-saving Fixed Deposits

As the coronavirus pandemic has hit the market hard, people are looking to invest in safer options like fixed deposits (FDs). In order to...

Moody’s cracks down on five public sector banks – Times of India

SINGAPORE: Moody's Investors Service on Friday downgraded various instruments of five Indian banks: Bank of Baroda (BOB), Bank of India (BOI), Canara Bank, Punjab...

PSBs to need capital up to Rs 2.1 trillion over next 2 years; govt support to continue: Moody’s

New Delhi: Public sector banks will need external capital of up to Rs 2.1 trillion over the next two years and the most likely...

Divest Governance of PSBs from Govt, Says Former RBI Deputy Governor

Former RBI Deputy Governor NS Vishwanathan. (ANI) ...

‘The Unfinished Agenda’: Viral Acharya on the Need For a ‘Concrete’ Plan to Restore the Health of PSBs

Former RBI deputy governor Viral Acharya's latest book, Quest For Restoring Financial Stability In India, uses the Japanese asset price bubble burst of 1992...

Mega Bank Mergers Working Smoothly Amid COVID-19: AIBEA

New Delhi: The amalgamation of 10 public sector banks into...

PSBs sanction Rs 6.45 lakh crore loan during March-May

New Delhi: The Finance Ministry has said that public sector banks have sanctioned loans worth Rs 6.45 lakh crore during March-May. Loans worth over Rs...

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