No plans for public sector banks merger? Government issues clarification; here’s what MoS detailed on FDIs, IDBI offloading & more
The government has confirmed no current plans for merging public sector banks. Foreign Direct Investment limits in banks have been detailed. The sale of IDBI ...
Banking push: FinMin asks PSBs to boost MSME, farm credit; focus on deposits, asset quality and AI-led innovation
Public sector banks are directed to boost lending to MSMEs and agriculture, while focusing on low-cost deposits and robust risk management. The finance ministry emphasized ...
SBI stock price outlook: Bank profit rises 10% to Rs 20,160 cr; analysts see up to 20% upside after strong Q2 — should you buy?
State Bank of India shares are surging on strong September-quarter results, with brokerages raising price targets up to 20%. The bank’s profit rose 10% year-on-year, ...
PSB credit growth: Public lenders outpace private peers for first time since 2010
Public sector banks have demonstrated a remarkable resurgence, achieving their highest advance growth since 2010 at 12.2% in FY25, surpassing private banks for the first ...
DFS secy urges PSBs to boost global competitiveness and governance
Level Up: How India’s Public Sector Banks Can Dominate the Global Stage The winds of change are sweeping through India’s public sector banking landscape. It’s ...
Global ambition: India aims to place two PSBs among top 20 banks by 2047
India aims to elevate at least two public sector banks into the world’s top 20 by 2047, leveraging improved financial performance and reduced NPAs. The ...
PSB earnings review: FinMin holds Q1 meeting with bank chiefs; SBI leads sector with Rs 44,218 crore profit
Public sector banks (PSBs) in India showcased strong financial performance in Q1 FY26, achieving a record collective profit of Rs 44,218 crore, an 11% increase ...
PSBs may remove min balance fines
Following finance ministry concerns over declining low-cost deposits, several public sector banks, including Canara Bank and Punjab National Bank, are scrapping minimum balance penalties on ...
PSBs to hire 50,000 staff in FY26; monetisation of subsidiaries on cards
Public sector banks are gearing up to recruit approximately 50,000 personnel this financial year, including 21,000 officer-level positions, to expand operations and enhance customer service. ...
PSBs told to monetise investments in arms
Unlocking Value: How India’s Public Sector Banks are Revamping their Investment Strategies The winds of change are blowing through India’s public sector banking landscape. A ...
