BANKING News
Axis Bank Q1 profit falls 4% due to technical provisioning hit Axis Bank reported a 4% year-on-year decline in net
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PSBs
In 9 years, PSBs write-off Rs. 12 lakh cr
Public Sector Banks (PSBs) wrote off over Rs. 12 lakh crore between FY16 and FY25, the Finance Ministry informed the
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EDITORIAL | Banking Finance| August 2025
The banking and financial services sector in India is currently navigating a complex landscape shaped by regulatory vigilance, evolving consumer
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IBA suggests FinMin for training sessions of bankers to handle fraud
The Indian Banking Association (IBA) has suggested to the finance ministry to direct public sector banks (PSBs) to organise regular
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Time to push divestment of PSBs, says SBI report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said
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PSBs set to develop road map for deploying GenAI systems
State-run banks are set to develop a detailed strategy and road map for deploying generative artificial intelligence (GenAI) systems, with
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FinMin asks PSBs for review of their gold loan portfolio
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory
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Centre appoints non-executive chairmen to four PSBs
Non Executive Chairman has been appointed on the Boards of four Public Sector Banks — Canara Bank, Punjab National Bank
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PSBs asked to set up one national helpline
The government has asked PSU lenders to set up a “single national helpline” to facilitate expeditious redressal of consumer grievances.
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Finance Ministry reviews PSBs on inclusion schemes
The finance ministry reviewed the financial performance of public sector banks (PSB) and progress made by them on the Centre’s
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