After amalgamation, number of RRBs has come down to 28 from earlier 43. Experts say move is expected to increase capital base of unified RRBs, spurring credit growth and diversification.
Driven by buoyant narratives & robust profitability in the past, stocks of many public sector banks rose over 400% since 2020. They have fallen sharply over the last few months.
Government bank employees sell mutual funds, insurance and just never log out. They have steeper targets and ‘performer of the month’ award to chase too.
PSBs have seen recoveries of written off loans growing faster than fresh write-offs since 2019-20, according to data provided by Ministry of Finance in Rajya Sabha.
Economic Affairs Secretary Ajay Seth told ThePrint the govt & the management of the banks are in consultation about this & it will not be possible for some banks to reach 25% in one go.
In series of X posts, Finance Minister Nirmala Sitharaman highlights 'banking sector turnaround from non-performing assets crisis created by UPA to Rs 3 lakh crore profits in FY24'.
PSBs saw year-on-year rise of nearly 50% in net profit in July-Sept quarter thanks to broad-based rise in loans. But MSME stress, pace of credit & deposit growth will determine future.
Over half a century since Indira Gandhi nationalised 14 public sector banks, move still evokes sharp divisions, with some criticising it as a failure and others hailing it as a landmark decision.
Of total loans disbursed to over 20 lakh street vendors until 29 March, PSBs gave loans to over 18 lakh applicants while private banks distributed loans to just 32,534.
India’s university towns initiative is an opportunity to do something we have never managed at scale: build knowledge ecosystems rather than knowledge silos.
Cook will hand over the reins to Ternus on 1 September, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming & financial services.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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