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Budget will see many ‘historic steps’: Prez
Says it will have far-reaching policies; PLI-led investments set to be Rs4 trn in 14 sectors soon
BoM ahead of PSBs in FY24 biz growth
New Delhi: State-owned Bank of Maharashtra (BoM) recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation...
PSBs’ profit surges 35% in FY24
SBI alone contributed 40% to total earnings; BoB, Canara Bank reported over Rs10k cr profit each; Out of 12 PSBs, only Punjab & Sind Bank suffered 55%...
PSBs can’t issue lookout circulars
Bombay HC rules that ‘lookout’ decree against defaulters not under PSB purview
Uptick in PSBs’ dividend payout
9% growth likely this fiscal as 12 PSBs expected to pay over Rs15,000cr to exchequer
Govt eyes higher dividend target at Rs 70,000 cr
New Delhi: Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving...
Banking sector on a strong footing this year
Advances increased by 17% and deposits by 11-12% in Q3; Public sector banks earned Rs 68,500 cr net profit in first half of the fiscal year
Unclaimed deposits base swells to Rs 42,270 crore
Inactive deposits with public and private-sector banks rose 28% in FY23 from Rs32,934cr in FY22