Public Sector Banks

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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.

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  Finance Ministry Officials Meet Private Bankers, Review Progress Of Schemes

  Last week, Dr. Vivek Joshi met heads of public sector banks and urged them to achieve targets under various schemes for current financial year.

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  Centre To Hold Consultations To Decide On Privatisation Of Banks

  In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.

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  Public Sector Banks Are Performing Well. 10 Facts To Bring You Up To Speed

  Public sector banks have put up a healthy performance in the past few months. But can this trend continue?