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Public sector bank

27 Feb 2022

Centre to provide capital support mostly to weak PSBs

This will help these public sector banks (PSBs) meet regulatory requirements. These special securities with tenure of 10-15 years are non-interest bearing and valued at par.

Public sector bank

10 Sep 2020

No need to visit bank branches, now financial services will come to your doors

At present only non-financial services are available for consumers. Doorstep financial services shall be made available from October 2020. The services shall be rendered by the Doorstep Banking Agents deployed by the selected Service Providers.

28 Feb 2018

Recruitment of junior associates in SBI: 2018 exam date postponed

SBI has revised dates for the recruitment of junior associates (customer support and sales).

22 Dec 2017

No question of closing down any PSB, says govt & RBI

The RBI said that under its supervisory framework, it uses various measures/tools to maintain sound financial health of banks.

22 Jul 2017

Vijaya Bank Q1 net jumps over 57% to Rs 255 crore

The gross non-performing assets (NPAs) of the bank fell slightly to 7.30 percent of the gross advances as on June 30, 2017 from a level of 7.31 percent a year ago.

12 May 2017

RBI governor, FinMin officials discuss NPA resolution issues

Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.

Public sector bank

02 Mar 2017

Indian Bank revises interest rates in FCNR deposits

Public sector Indian Bank has revised its interest rates in foreign currency non-resident (banking) term deposits with immediate effect.

Public sector bank

29 Jul 2016

Public sector bank employees on strike today; operations hit

Public sector bank employees will go on strike on Friday to protest against the proposed merger of associate banks with SBI and banking reforms.

10 Apr 2016

Syndicate Bank issues Rs 500-crore Basel-3 compliant bonds

Public sector Syndicate Bank on Saturday said it has issued unsecured, non-convertible Basel-III compliant bonds to raise Rs 500 crore.

01 Mar 2016

RBI amends capital recognition rules; Rs 35,000-cr unlocked for PSBs

The Reserve Bank of India Tuesday announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for state-run lenders impacted by asset quality troubles.

09 Feb 2016

Bad assets hit PNB hard; Oct-Dec net plunges 93% to Rs 51 crore

Bank's asset quality deteriorated further as gross non-performing assets (NPAs) or bad loans hit 8.47 percent of the gross advances during third quarter of current fiscal, as against 5.97 percent a year ago.

RBI deputy governor

14 Dec 2015

Merger of banks has to be very focused: Mundra

Reserve Bank Deputy Governor S S Mundra on Monday supported consolidation in the banking sector but said it has to be a focused exercise.

Public sector bank

30 May 2015

Indian Bank revises deposit rates

Public sector lender Indian Bank has revised interest rates in the foreign currency non-resident (banking) deposits, with effect from June 1.

Finance Ministry

19 Apr 2015

Finance ministry calls meeting of bank heads on April 28

The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.

01 Apr 2015

Indian Bank revises interest rates

Public sector Indian Bank has revised the foreign currency non-resident banking term deposits interest rates with immediate effect.

06 Mar 2015

Bank credit up 10.39% at Rs 64,53,394 crore

Bank credit growth continued to trail deposit mop-up and remained muted with a mere 10.39 percent rise at Rs 64,53,394 crore in the fortnight to February 20, up from Rs 58,45,833 crore a year ago, according to the latest data released by the Reserve Bank.

03 Dec 2014

PSBs employees go on strike in North; East to follow Thursday

Continuing their four-day relay strike to press for wage hike, public sector bank (PSB) employees in Northern region went off work Wednesday while their counterparts in East India will follow suit on Thursday.

02 Dec 2014

Bank relay strike affects South; North to follow Wednesday

Beginning their four-day relay strike to press for wage hike, public sector bank (PSB) employees in southern region went off work today and while their counterparts in North India will follow suit on Wednesday.

Public sector bank

30 Aug 2014

Indian Bank to revise interest rates from today

Public sector Indian Bank will revise its interest rates on the foreign currency non-resident (banking) term deposits from tomorrow.

28 Jul 2014

Bank of Baroda Q1 net profit rises 16% on lower provisioning

The provisioning for bad loans and contingencies made by the bank were reduced to Rs 526.71 crore for the first quarter FY15, from Rs 1,017.86 crore in the year-ago period.

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