PSBs’ net loans write-off dips to ₹84,000 cr in FY23: FinMin
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
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Centre refills 4 PSB board seats with women directors
Men directors have been replaced with women directors on boards of 4 out of 7 public sector banks.
The flip-side of RBI's "compromise settlement" formula for stressed asset
Banking system needs more stringent stressed asset management norms and tighter regulatory oversight, rather than ‘compromise settlements' with willful defaulters causing the stress
Private lenders report more frauds but PSBs' amount higher
Frauds in public sector banks were mainly in loan portfolios
Unclaimed deposits on the rise in public sector banks across the country
State Bank of India has the maximum unclaimed deposits of ₹8,086 crore in 2.17 crore accounts.
India's growth may benefit from implementation of reform agenda: World Bank
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.
FM chairs meeting to review preparedness of PSBs
A discussion was held with the MDs and CEOs of PSBs on the global scenario comprising the failure of Silicon Valley Bank and Signature Bank.
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.
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.
