For the first time, the Government of India has opened senior leadership positions in public sector banks (PSBs) to private-sector professionals, the Appointments Committee of the Cabinet (ACC) said in a notification.
The report revealed that the total value of ATM and CRM transactions in May 2025 stood at ₹2.45 lakh crore, a decline from ₹2.63 lakh crore recorded in March 2025.
Public sector banks became the first to act on the RBI’s policy signal by promptly cutting their Repo Linked Lending Rates (RLLR).
India’s Public Sector Banks (PSBs) have achieved a remarkable milestone by recording their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Finance Ministry highlighted in a release on Sunday.
We should never forget the role PSBs have played in financial inclusion. These banks have been the backbone of the socio-economic agenda of the government. In a rural area, the role of a PSB is not confined to banking. It also encompasses a more holistic developmental agenda. PSBs are the one-stop shop for all financial needs of the rural populace, including insurance, financial literacy, remittance and receipt of welfare subsidies and grants, amongst others
Banerjee said that during his meeting with the prime minister the latter had joked that the media was trying to trap him and get anti-Modi comments out of him.
The survey also credited its positive projections on the political stability ensured by a singleparty majority government at the Centre.
Gross NPA ratio is set to decline from 9.3 per cent in March this year to 9 per cent in March 2020.
In wake of RBI Governor Urjit Patel’s remark that the central bank has limited powers over state-run banks, the government…
A day after the government set a 15-day deadline for public sector banks (PSBs) to examine all non-performing assets above…
