public sector banks Archives

Be vigilant against interest rate risks, Nirmala Sitharaman tells banks

March 25, 2023March 26, 2023cpooldigitalLeave a Comment

Union Finance Minister Nirmala Sitharaman chairs a meeting to review the performance of Public Sector Banks in New Delhi on March 25, 2023. Photo: Twitter/@nsitharamanoffc via ANI Amid fears of contagion effects from banking crises in the U.S. and Europe, Finance Minister Nirmala Sitharaman has asked banks to remain vigilant about “interest rate risks” and […]

Share of women staffers in public sector banks rose this year: Govt.

March 20, 2023March 20, 2023cpooldigitalLeave a Comment

New data shared by the Minister of State for Finance, Bhagwat Karad, in the Lok Sabha shows three banks have 30% or more women on their payroll. Image for representational purpose only. | Photo Credit: PTI The proportion of women employees has increased over the past year in all but one public sector bank, and as […]

PSU banks earned total profit of ₹70,167 crore in April-December FY23: Govt.

March 20, 2023March 22, 2023cpooldigitalLeave a Comment

File photo of Bhagwat K. Karad, Minister of State for Finance. Mr. Karad in a written reply to Lok Sabha on March 20 informed of the reforms the government has undertaken to boost asset quality of public sector banks. | Photo Credit: KAMAL NARANG The government has taken various reforms following which asset quality of […]

Data | Automation crushes bank hirings for clerical jobs, officers unaffected

September 30, 2022September 30, 2022cpooldigitalLeave a Comment

ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment On Wednesday, Business Standard reported that the Union Finance Ministry had asked the heads of public sector banks (PSBs) for a plan to […]

PSBs to hold special drive to fill backlog in SC vacancies by year-end: NCSC Chairperson

September 29, 2022September 30, 2022cpooldigitalLeave a Comment

The banks have also been asked to clear all pending grievances of SCs by October 31, as part of this special drive The banks have also been asked to clear all pending grievances of SCs by October 31, as part of this special drive All Public Sector Banks in the country have now been instructed […]

‘Adani Group not overleveraged, loans from PSBs halved’

September 6, 2022September 6, 2022cpooldigitalLeave a Comment

The group had a gross debt of ₹1.88 lakh crore in March 2022 and net debt of ₹1.61 lakh crore after considering the cash balance The group had a gross debt of ₹1.88 lakh crore in March 2022 and net debt of ₹1.61 lakh crore after considering the cash balance Richest Indian Gautam Adani’s conglomerate […]

Banking frauds of over ₹100 crore see significant decline in FY’22

July 3, 2022July 3, 2022cpooldigitalLeave a Comment

Number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21 Number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21 Frauds in the banking sector involving sums of over ₹100 crore have declined […]

Of what good is a bad bank?

June 7, 2022June 7, 2022cpooldigitalLeave a Comment

How does the piling up of non-performing assets affect the functioning of a bank? Have bad banks been set up in other countries? How does the piling up of non-performing assets affect the functioning of a bank? Have bad banks been set up in other countries? The story so far: Finance Minister Nirmala Sitharaman on […]