public sector banks

Public sector banks are likely to raise additional tier-1 (AT-1) capital to meet their business growth requirements this year, unlike in FY’2022, when they raised capital to meet their rollover requirements, according to ratings firm .…

NEW DELHI: The Congress on Friday hit out at the Modi government over its policy of privatising banksand said the Reserve Bank of India's latest report has warned against further reduction of public sector banks. Congress general…

MUMBAI: The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to the privatisation of public sector banks, as published in the August 2022 issue of the RBI Bulletin, saying it does not represent the central…

MUMBAI: Big bang privatisation of public sector banks can do more harm than good, an RBI article has warned asking the government to take a nuanced approach on the issue. While private sector banks(PVBs) are more efficient in profit…

The public sector banks (PSBs) have recovered ₹6.42 lakh crore of non-performing loans and written-off loans since FY15 and filed suits against 98.5% of wilful defaulters, data available with the government showed. Over FY16 to FY21, the…

Mumbai: Former chairman Arundhati Bhattacharya on Friday wondered why the Reserve Bank does not allow public sector bank chiefs to serve till 70 years at par with their private sector peers. Bhattacharya, who now serves as the chief…

TNN Mumbai: Private sector banks more than tripled their share in loans sanctioned to the micro, small and medium enterprise (MSME) sector to 69.8% in FY22 from the previous year’s levels. Earlier, private bankshad almost halved their…

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