Indian Public Sector Banks Archives - Indian PSU | Public Sector Undertaking News https://indianpsu.com/tag/indian-public-sector-banks/ All About Indian Public Sector Undertaking Tue, 17 Dec 2024 06:35:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://indianpsu.com/wp-content/uploads/2021/06/logo-150x150.png Indian Public Sector Banks Archives - Indian PSU | Public Sector Undertaking News https://indianpsu.com/tag/indian-public-sector-banks/ 32 32 Most Indian Banks Still Failing To Address Climate Risks: Climate Risk Horizons https://indianpsu.com/most-indian-banks-still-failing-to-address-climate-risks-climate-risk-horizons/ Tue, 17 Dec 2024 06:34:31 +0000 https://indianpsu.com/?p=25929 India’s banking sector remains ill-prepared to deal with climate risks, according to new analysis by think tank Climate Risk Horizons. The 2024 edition of its banking report assesses the progress of climate-risk preparedness of 35 Indian banks. The analysis ranks banks on ten criteria including a Coal Exclusion Policy, Emissions Disclosure, Climate scenario analysis and …

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]]> Indian Public Sector Banks: A Resurgent Force https://indianpsu.com/indian-public-sector-banks-a-resurgent-force/ Sun, 15 Dec 2024 11:28:22 +0000 https://indianpsu.com/?p=25899 Public Sector Banks (PSBs) in India have achieved a remarkable milestone by recording their highest-ever aggregate net profit of ₹1.41 lakh crore in the financial year 2023-24. This landmark achievement reflects the sector’s robust turnaround, underpinned by a significant improvement in asset quality. The Gross Non-Performing Assets (GNPA) ratio steeply declined, dropping to 3.12% in …

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]]> Public Sector Banks Show Strong Performance In First Half Of FY 2024-25 With 11% Y-o-Y growth https://indianpsu.com/public-sector-banks-show-strong-performance-in-first-half-of-fy-2024-25-with-11-y-o-y-growth/ Tue, 12 Nov 2024 11:10:12 +0000 https://indianpsu.com/?p=25056 PICTURE COURTESY : The CEO Magazine Under the leadership of the Prime Minister, Narendra Modi, and the guidance of the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, major banking reforms like Implementation of Enhance Access and Service Excellence (EASE), enactment of Insolvency and Bankruptcy Code (IBC), putting in place a robust Governance Framework, …

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]]> Bank of Baroda Reduces Car Loan Interest Rate To 8.75% For The Current Financial Year https://indianpsu.com/bank-of-baroda-reduces-car-loan-interest-rate-to-8-75-for-the-current-financial-year/ Mon, 26 Feb 2024 13:28:18 +0000 https://indianpsu.com/?p=19637 Bank of Baroda, one of India’s leading public sector banks, today announced a reduction in its Car Loan interest rates starting from 8.75%* p.a. (earlier 9.40%* p.a.). This is a special limited period offer on Baroda Car Loans Floating rate of interest, starting from February 26, 2024 till March 31, 2024. The Bank also offers …

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]]> IBA’s Historic Agreement With Unions, PSB Staff Salary To Increase By 17% https://indianpsu.com/ibas-historic-agreement-with-unions-psb-staff-salary-to-increase-by-17/ Fri, 08 Dec 2023 05:21:47 +0000 https://indianpsu.com/?p=18479 2023 ends on a happy note for all employees of public sector banks, with Indian Banks’ Association (IBA) on Thursday inking a 17 per cent annual wage hike agreement with bank unions. The wage revision will be effective from 1.11.2022 for a period of five years. The revision in wages will cost the banks a …

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]]> Union Finance Minister Nirmala Sitharaman Review Performance Of Public Sector Banks https://indianpsu.com/union-finance-minister-nirmala-sitharaman-review-performance-of-public-sector-banks/ Fri, 07 Jul 2023 03:47:32 +0000 https://indianpsu.com/?p=16416 Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired a meeting on Thursday, to review the performance of Public Sector Banks (PSBs) on various financial health parameters for the financial year 2022-23. The meeting was also attended by Union Minister of State for Finance Dr. Bhagwat Kisanrao Karad; Finance Secretary and Secretary Expenditure …

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]]> Punjab National Bank bagged Two Awards Under The EASE 4.0 Reforms Index Award For FY 2021-22 https://indianpsu.com/punjab-national-bank-bagged-two-awards-under-the-ease-4-0-reforms-index-award-for-fy-2021-22/ Sat, 17 Sep 2022 13:32:37 +0000 https://indianpsu.com/?p=11794 Punjab National Bank emerged as the first runner-up under two categories at the EASE 4.0 Reforms Index Award for FY 21-22. These prestigious pair of awards were secured under Tech-enabled Banking and Governance & HR at the event organized by Indian Bank’s Association (IBA) in Mumbai in the presence of Hon’ble Finance Minister, Smt. Nirmala …

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]]> Punjab National Bank Celebrates 76th Independence Day With Inauguration Of PNB@Ease Outlet https://indianpsu.com/punjab-national-bank-celebrates-76th-independence-day-with-inauguration-of-pnbease-outlet/ Wed, 17 Aug 2022 01:30:00 +0000 https://indianpsu.com/?p=11398 Punjab National Bank (PNB), nation’s leading public sector bank, celebrated the 76th Independence Day by inaugurating a brand new PNB@Ease outlet at Botanical Garden metro station. As one of the swadeshi banks, PNB reinstates its mission to become India’s Most Preferred Bank by introducing innovative, customer-friendly, paperless and digitally-enabled PNB@Ease outlets and kiosks. The announcement …

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]]> Bank Of Baroda Signs MoU With Indian Air Force To Provide Specially Curated Salary Savings Accounts https://indianpsu.com/bank-of-baroda-signs-mou-with-indian-air-force-to-provide-specially-curated-salary-savings-accounts/ Thu, 07 Jul 2022 14:06:25 +0000 https://indianpsu.com/?p=10868 Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the signing of a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) for Salary Savings Accounts. Under the MoU, Bank of Baroda will offer Baroda Military Salary Package for Uniformed Personnel and Veterans of the Indian Air Force. The MoU …

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]]> Privatization Of Public Sector Banks Would Run Counter To The Constitutional Obligation Of The Government https://indianpsu.com/privatization-of-public-sector-banks-would-run-counter-to-the-constitutional-obligation-of-the-government/ Thu, 07 Jul 2022 07:54:04 +0000 https://indianpsu.com/?p=10859 In the Budget speech last year, the Finance Minister mentioned that the government would privatise a few PSU banks in due course. There are reports on statements originating from the Ministry that the government would introduce a Bill during the coming monsoon session for enabling it to privatise PSU banks in principle, create provision for …

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