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Uptick in PSBs’ dividend payout
9% growth likely this fiscal as 12 PSBs expected to pay over Rs15,000cr to exchequer
PSBs transfer Rs 11k-cr bad loans to NARCL
National Asset Reconstruction Company Ltd (NARCL), a bad bank, buys NPAs from lenders
BoM tops public sector lenders chart
It emerges as top performer in loan, deposit growth in percentage terms during Q1 of the current financial year
Banks write off Rs 14.56 lakh crore NPAs in last nine financial years
Scheduled Commercial Banks have recovered an aggregate amount of Rs 2,04,668 crore in written-off loans, including corporate loans
Profit of PSU banks more than doubles to Rs 34,774 crore in Q1
The high-interest regime helped banks to earn a good net interest margin during the quarter and recorded over 3%
FM to meet chiefs of PSB banks today
New Delhi: Finance minister Nirmala Sitharaman is expected to meet heads of public sector banks (PSBs) on Thursday and review the financial...
Finance Ministry for 40% recover rate from written-off loans
Voices concern over current less than 15% recovery rate in PSBs; DFS will soon hold a meeting with banks
From doom to boom: PSBs on journey towards Rs.1L cr profit
They have travelled a long distance since 2017 when they posted a net loss of Rs85,390 cr to a profit of Rs66,539 cr in FY22