public sector banks

New Delhi, March 25 The United Forum of Bank Unions (UFBU), a federation of nine unions, on Wednesday demanded the immediate reversal of the unilateral implementation of the revised performance-linked incentive (PLI) formula.The revised PLI formula, proposed by the Department of Financial...

New Delhi, March 23 – The government is not currently considering any proposals regarding the merger or consolidation of public sector banks (PSBs), according to Finance Minister Pankaj Chaudhary.Chaudhary stated in a written reply to the Lok Sabha that the amalgamation of PSBs has led to the...

Mumbai, March 20 The benchmark indices Sensex and Nifty recovered much of their intraday gains to end nearly 0.5 per cent higher on Friday, following intense buying in public sector banks, IT, and metal stocks amid concerns over further spikes in fuel-driven inflation.In another volatile...

New Delhi, March 19 The United Forum of Bank Unions (UFBU) on Thursday expressed serious concern and objected to the directive issued by the Department of Financial Services (DFS), Ministry of Finance, advising public sector banks to pay Performance Linked Incentive (PLI) to eligible officers...

Mumbai, March 18 Former Reserve Bank Deputy Governor M Rajeshwar Rao on Wednesday called for a "re-evaluation" of the criteria for investors.Rao, who retired in September last year, said that a growing economy aspiring to accelerate economic growth will need strong financial institutions to...

New Delhi, March 18 Job aspirants seeking positions in public sector banks are required to maintain a good credit score to be considered for final selection, a measure aimed at promoting responsible financial behavior among employees entrusted with public funds, Parliament has been informed...

New Delhi, March 17 – Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha raised the issue of penalties for minimum account balance in the Upper House of Parliament on Tuesday, urging the Union government to abolish such charges on small bank accounts, saying that they disproportionately affect...

Mumbai, March 10 A government-appointed high-level committee on banking for Viksit Bharat could examine issues such as consolidation among lenders and foreign investor voting caps, according to Karthik Srinivasan, senior vice president and group head - financial sector ratings at ICRA."The...

New Delhi, March 9 Secretary of the Department of Financial Services, M Nagaraju, chaired a review meeting on Monday to monitor the progress in top insolvency and bankruptcy cases pending for admission and resolution at the National Company Law Tribunal (NCLT).The meeting was attended by...

New Delhi, March 9 Approximately 72 crore Basic Savings Bank Deposit Accounts (BSBDAs), including those under the PM Jan Dhan scheme, are not subject to any penalties for failing to maintain a minimum balance, Finance Minister Nirmala Sitharaman said on Monday.In a written reply to a question...

Mumbai, February 24 The RBI's Master Directions aim to identify fraudulent borrowers and unscrupulous individuals for timely action, and any violation of these directions is not subject to judicial scrutiny, the Bombay High Court has said while lifting the stay on action by three banks to...

New Delhi, February 23 Finance Minister Nirmala Sitharaman said on Monday that the government does not have any plan for mergers of public sector banks.However, a High-Level Committee on Banking for Viksit Bharat, proposed in the Budget 2026-27, will look into the topic and other aspects, she...

Mumbai - The Indian Banks Association (IBA) released the ninth edition (EASE 9.0) and the EASE coffee table book for the 2026-27 financial year on Friday, February 20, 2026. The event was attended by Mr. M. Nagaraju, Secretary, Financial Services Department, Ministry of Finance, as the chief...

New Delhi, February 16 BLS E-Services announced on Monday that it will acquire a 100% stake in Atyati Technologies for ₹154 crore.In a regulatory filing, the company stated that the acquisition will be a fully cash transaction and is expected to be completed by March 31, 2026.The acquisition...

Ahmedabad, February 12 The nationwide strike called by central trade unions on Thursday against the Centre’s labour reforms and economic policies had little impact in Gujarat, with most services and commercial establishments functioning as usual across the state, officials said.Trade union...

Ahmedabad, February 12 The nationwide strike called by central trade unions on Thursday against the Centre’s labour reforms and economic policies had little impact in Gujarat, with most services and commercial establishments functioning as usual across the state, officials said.Trade union...

New Delhi, February 12 CPI-M leader from Kerala, AA Rahim, raised concerns in the Rajya Sabha on Thursday about the alarming working conditions in public sector banks, claiming that around 500 employees have committed suicide in the last decade due to work-related stress, harassment, and...

Mumbai, February 11 – The benchmark stock indices, Sensex and Nifty, closed on a flat note in a volatile session on Wednesday, as gains in public sector banks and auto stocks were offset by losses in IT stocks.In a range-bound trade, the 30-share BSE Sensex slipped by 40.28 points, or 0.05%...

New Delhi, February 9 Led by the country's largest lender, State Bank of India (SBI), public sector banks logged a record cumulative profit of ₹52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.All 12 public sector banks (PSBs) together made...

Mumbai, February 9 The benchmark equity indices, Sensex and Nifty, continued their gains on Monday for the second consecutive session, driven by optimism regarding the India-US trade deal and strong buying in public sector banks, consumer durables, and real estate stocks.The 30-share BSE...