Public Sector Banks

Mumbai, Sep 28: Amid continued concerns about levels of non-performing assets (NPAs), or bad debts, of public sector banks, Finance Minister Arun Jaitley said on Monday that the government may consider reducing its stake in them to 52…

Chennai, Sep 1: Employees of public sector banks and government-owned non-life insurance companies would go on strike on Wednesday to protest against the anti-trade union and worker policies of the central government, union leaders said on…

New Delhi, July 31: The government on Friday presented to parliament a supplementary demand for grants to provide for Rs.12,000 crore towards recapitalization of public sector banks.(PSBs). Finance Minister Arun Jaitley plans to provide…

New Delhi, May 26: Bank employees will age a 15 per cent hike in their salaries. The Indian Banks Association (IBA) singed a wage agreement with the employee union and bank officers’ association on Monday. Around 10 lakh bank employees of…

The Indian banking sector is all set to see a sea change in next two years with several new institutions and existing government banks undergoing a great change, RBI governor Raghuram Rajan said on Friday. "In next two years the banking…

The government has decided to infuse Rs.6,990 crore in nine public sector banks (PSBs) soon, out of the current year's budget, for which orders are being issued, an official statement said Saturday. "This year, the government of India has…