Private lenders report more frauds but PSBs' amount higher
Frauds in public sector banks were mainly in loan portfolios
public sector banks
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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.
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.
