Banks reported frauds worth ₹19,485 cr in H1 FY23: RBI
The number of financial frauds rose to 5,406 in the first six months of the financial year 2022-23 compared with 4,069 in the corresponding period a year ago.
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This PSU bank stock doubled investors’ money in just nine sessions
The public sector bank has turned into a multibagger stock and has risen from ₹20.8 to ₹40.9 in just nine sessions, delivering 97% return during this period.
Why PSU bank stocks are up despite weak market
Bank of Baroda, Bank of India, and Punjab & Sind Bank hit their respective 52-week highs after Morgan Stanley expressed optimism about public sector banks.
Govt extends tenure of PSU bank MDs to 10 years
The tenure of CEOs and MDs of public sector banks has been extended to 10 years, subject to superannuation age of 60 years.
Big bang privatisation of PSBs may do more harm than good: RBI
An important aspect that is often ignored by researchers proposing privatisation is the role played by PSBs in financial inclusion, says RBI.
Should India go for wholesale privatisation of banks?
The arguments not only lack substance and perspective, they come from "source" or non-official channels with the Centre maintaining a strategic silence.
Credit growth crosses ₹10 lakh cr mark in FY22
Public sector banks continue to crowd in credit growth from private banks, says an SBI Research report.
India's banking sector in best of health in decades, says India Ratings
Asset quality in the retail and micro, small and medium (MSME) segments are most impacted due to the pandemic, Ind-Ra estimates show.
Budget 2022: ₹1.37 lakh crore MSME loans stressed, restructured
Public sector banks have exposure of ₹58,524 crore to stressed enterprises.
Post-merger, clean-up ops underway at PNB
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
