FM Sitharaman nudges PSU banks to take swift action against frauds, wilful defaulters
Finance Minister Nirmala Sitharaman has asked public sector banks (PSBs) to take swift action in cases concerning fraud and wilful
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Public sector banks (PSBs)
No chairman for six of 11 state-run banks for years
At a time when the Reserve Bank of India (RBI) has been underscoring the need for governance in commercial banks,
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PSBs to step up one-time settlement in written-off loans
Public sector banks (PSBs) are expected to step up one-time settlement (OTS) in written-off loans as the Finance Ministry and
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Banks’ net bad loans drop to 15-year low of 1%
Banks have ended FY23 with their balance sheets cleanest in 15 years. According to a report by India Ratings (Ind-Ra),
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PSU banks set target for selling flagship govt insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti
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FinMin suggests loan swapping to PSBs
Public sector banks (PSBs) had been asked to explore the option of selling and swapping of loan assets with other
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