"public-sector-banks"

Public sector bank services may be disrupted Tuesday as employee unions launched a nationwide strike demanding a five-day work week. SBI, PNB and Bank of Baroda could be affected, while private banks and digital services are expected to function normally

Public sector bank services are set to be disrupted nationwide as the United Forum of Bank Unions goes on strike seeking implementation of a five-day work week, with branch-level operations affected while digital services continue

The Department of Financial Services (DFS), in collaboration with Public Sector Banks (PSBs), will unveil a Composite Salary Account Package for Central Government employees on 14 January 2026. The initiative aims to provide unified banking and insurance benefits across cadres.

Of the four positions of Managing Director in SBI, one position has been opened for private sector candidates and persons working in public sector financial institutions

Public sector banks will recruit around 50,000 personnel in FY25, including 21,000 officers. SBI alone plans 20,000 hires. Meanwhile, the Finance Ministry urged PSBs to prepare subsidiaries for future IPOs by enhancing governance and operational efficiency for better monetisation

Frauds have occurred predominantly in the category of digital payments, including card and internet, in terms of number, and primarily in the loan portfolio or advances in terms of value, the RBI report said

It is followed by Delhi's local bodies and public sector banks; as many as 74,203 graft complaints were received against all categories of officers/employees in 2023

The current retirement age of chiefs of PSBs is 60 years, which is likely to be hiked to 62 years, as per reports, quoting sources.

PSBs have once again posted stellar performance by registering more than double profit of Rs 34,774 crore for the first quarter ended June 2023

Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023

Earlier, NITI Aayog has submitted the names of a few public sector banks (PSB) and one public sector general insurer which can be sold off under the government's new privatisation policy.

Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.

Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.

The PSB will be providing loan under the Emergency Credit Line Guarantee Scheme (ECLGS).

Earlier this month, the governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services.

With high credit costs continuing to suppress their profitability, the banks' capital buffers will remain insufficient.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years

The high level of provisioning by public sector banks for their stressed assets calls for measures to clean up the bank books, the finance minister said while unveiling the Budget for 2021-22.

As these are non-interest bearing and issued at par to a bank, it would be an investment, without any return

"Students who do not study in English medium or those who are not from Hindi speaking States face serious disadvantage in these competitive examinations," he said.