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PSBs open 11,887 branches, recruit over 1.72 lakh in last 3 FYs

Last Updated: Tuesday, March 12, 2013, 16:38

Public sector banks (PSBs) opened 3,719 branches in 2009-10; 3,506 branches in 2010-11; and 4,662 branches in 2011-12, Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha on Tuesday.

Bankers seek slew of tax incentives in next Budget

Last Updated: Tuesday, January 08, 2013, 23:01

Bankers have demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

FinMin asks banks to review non-core operations

Last Updated: Sunday, January 06, 2013, 12:46

"We also want banks to look at their non-core area operation. Some of the banks have gone into non-core areas," a senior Finance Ministry official said.

Govt bailout for PSU banks at max NPA level to be $1.7 bn

Last Updated: Tuesday, December 25, 2012, 21:12

The total bailout amount required to rescue public sector banks in case of maximum stress caused due to non-performing assets will be around USD 1.7 billion, a top company official of India Ratings and Research said.