Articles about Public Sector Banks

Nirmala Sitharaman announces Rs. 30,600 crore guarantee for 'bad bank'

16 Sep 2021

Nirmala Sitharaman announces Rs. 30,600 crore guarantee for 'bad bank'

To reduce the non-performing assets (NPA) of public sector banks, the Union Cabinet approved a plan to set up the National Asset Reconstruction Company Limited (NARCL) or the "bad bank."

Two-day bank strike from today: These services would be affected

15 Mar 2021

Two-day bank strike from today: These services would be affected

Several key banking services across India would be affected on March 15 (today) and March 16 (tomorrow) as the United Forum of Bank Unions (UFBU)—an umbrella body of nine bank unions—has given a call for a two-day nationwide strike.

Business Roundup: Here are today's top 5 Business news

12 Jun 2018

Business Roundup: Here are today's top 5 Business news

Hola! Missed the business headlines of the day? No worries, here's your daily wrap of business news.

IT unearths laundering role of co-operative banks

10 Jan 2017

IT unearths laundering role of co-operative banks

Income tax department officials have found several co-operative banks manipulating and laundering unaccounted money post-demonetization.

Cash deposits in 285 DCBs surge sixfold post-demonetization

07 Jan 2017

Cash deposits in 285 DCBs surge sixfold post-demonetization

During the first four days after the demonetization on 8 Nov'16, cash deposits in 285 District Cooperative Banks (DCBs) rose sixfold compared to their reserves of Rs.496.88cr on 7 Nov.

Two large Mumbai-based state-run banks may merge

13 Oct 2016

Two large Mumbai-based state-run banks may merge

Two large Indian state-run banks may be merged in the next fiscal year, said Banks Board Bureau Chairman Vinod Rai ahead of the launch of a new process to resolve stressed assets.

PSU Banks: Bad times over yet?

23 Sep 2016

PSU Banks: Bad times over yet?

Moody's, one of the top ratings agencies, said that the outlook for Indian banks project that it is set to improve and stabilize over the coming years.