National Footprint Adds to BoM’s Growth
The bank had the highest growth in total business among PSBs last fiscal, thanks to rapid expansion outside its parent state.
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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.
Private lenders report more frauds but PSBs' amount higher
Frauds in public sector banks were mainly in loan portfolios
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.
Banks wrote off ₹10 lakh cr in last 5 yrs: FM
FM Nirmala Sitharman says PSBs also recovered ₹4,80,111 crore, including a recovery of ₹1,03,045 crore from written-off loans, during this period.
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.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
