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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
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State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
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Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
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Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
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PNB Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters
Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter - the highest in the previous 14 quarters - on the back of higher interest income and improved credit quality.
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Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
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Public Sector Banks' Profit Tripled To Rs 1 Lakh Crore In 9 Years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the public sector banks' profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy.
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Total Profit Of Public Sector Banks Crosses Rs 1 Lakh Crore In FY 2023
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.
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Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
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Nainital Bank Raises Rs 100 Crore For Future Capital Requirements
Nainital Bank, a subsidiary of public sector lender Bank of Baroda (BoB), today said it has raised around Rs 100 crore through a rights issue to meet future capital requirement.
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Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
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RBI Likely Buying Dollars in Spot, Paying Forwards: Traders
Two large public sector banks bought dollars near the 81.80 levels, likely for the RBI, traders said
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Dividend From RBI, Public Banks Likely To Go Up To Rs 48,000 Crore In FY24
The government expects 17 per cent higher dividend at Rs 48,000 crore from the Reserve Bank of India (RBI), public sector banks and financial institutions in 2023-24.
-
Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
-
State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
-
Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
-
Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
-
PNB Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters
Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter - the highest in the previous 14 quarters - on the back of higher interest income and improved credit quality.
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Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
-
Public Sector Banks' Profit Tripled To Rs 1 Lakh Crore In 9 Years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the public sector banks' profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy.
-
Total Profit Of Public Sector Banks Crosses Rs 1 Lakh Crore In FY 2023
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.
-
Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
-
Nainital Bank Raises Rs 100 Crore For Future Capital Requirements
Nainital Bank, a subsidiary of public sector lender Bank of Baroda (BoB), today said it has raised around Rs 100 crore through a rights issue to meet future capital requirement.
-
Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
-
RBI Likely Buying Dollars in Spot, Paying Forwards: Traders
Two large public sector banks bought dollars near the 81.80 levels, likely for the RBI, traders said
-
Dividend From RBI, Public Banks Likely To Go Up To Rs 48,000 Crore In FY24
The government expects 17 per cent higher dividend at Rs 48,000 crore from the Reserve Bank of India (RBI), public sector banks and financial institutions in 2023-24.
