RBI tackles unclaimed deposits
The Reserve Bank of India is actively working to resolve the issue of unclaimed deposits to safeguard the interests of
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public sector banks
Banking Editorial December 2024
The Indian banking and finance sector continues to demonstrate resilience and adaptability, even amidst evolving challenges and dynamic economic conditions.
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Public sector banks dividend payout may exceed Rs. 15,000 crores
Public sector banks are likely to pay a dividend in excess of Rs 15,000 crore for the financial year ending
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Govt says 10 PSBs transferred NPAs of over Rs. 11,617 crore to NARCL from Jan-Nov 2023
A total of 10 Public Sector Banks (PSBs) have transferred Non-Performing Assets (NPAs) of over Rs 11,617 crore to NARCL
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Rs. 15K Cr awarded to PSBs for ED action: Sitharaman
Public sector banks have received payment of more than Rs 15,000 crore that the Enforcement Directorate (ED) seized from defaulters,
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PSU banks profit crosses Rs. 1 lakh crore mark in FY23
Public sector banks’ cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBI
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RBI asks PSBs to focus on risk management
The Reserve Bank of India exhorted public sector banks to strengthen their boards and increase focus on managing risk. At
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PSBs may seek pause on paying govt dividends
Public sector banks (PSBs) are considering asking the government to allow them to not pay it a dividend as they
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PSBs recovered 14% of written-off loans in 5 years
Public sector banks could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in the
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3-4 months until unclaimed deposits portal is ready
Reserve Bank of India said a centralised portal would be ready in three to four months wherein depositors and beneficiaries
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