Analysts expect capital buffers to remain strong across the banking sector. ICRA projects a 40–50 basis point increase in Tier-I capital ratios for PSBs this fiscal
According to data compiled from 11 major PSU banks, their average price-to-book (P/B) ratio has jumped from 0.35 in March 2020 to 1.14 in July 2025.
The lenders have been told not to keep the accounts running if they are not being used as they could be misused
The finance ministry wants public sector banks to list their subsidiaries—but analysts say only a handful, led by State Bank of India, are IPO-ready
The move is being planned to meet the Securities and Exchange Board of India’s (Sebi’s) minimum public shareholding norm, the newspaper said
These comments came when the government last month approved fund-raising plans of up to Rs 10,000 crore for five PSBs through QIP, and additional stake sales via OFS
The meeting, aimed to assess the quality of grievance redressal, reviewed 20 randomly selected public grievances resolved by PSBs and insurance companies to assess resolution quality, the finance ministry said in a statement.
Government needs to get out of cycle of NPAs and recapitalisation, Panagariya said
FM Sitharaman’s Budget lacked any major banking sector reforms, except some finetuning of the IBC process. It’s a missed opportunity
With Rs 28,000 crore of secondary market share sale lined up by five public sector banks, sources say domestic mutual fund houses may be the key participants in the capital raise plans
The number of employees was 19 percent lower in fiscal 2024 over fiscal 2023. Industry experts highlighted that increased digitisation at the lower level has led to the reduction, and more could follow.
Stocks influenced by the government's economic agenda have risen sharply over the past year, and the trend is likely to continue.
Earlier on December 18, 2023, reports of a merger between Union Bank and UCO Bank, and Bank of India and Bank of Maharashtra emerged on social media, citing a government document
RBI data showed that total employee strength at public sector banks fell to 7,56,644 in March 2023 from 8,42,813 in March 2014. Additionally, hiring at clerical level dropped in the last few years, though some argue this needs to be reversed given the rising pressure at the branch level.
PSBs earned the highest-ever aggregate net profit of Rs 1.05 lakh crore during FY23 compared to Rs 66,539.98 crore earned in 2021-22.
Out of 12 public sector banks (PSBs), four were complying with MPS norms as of March 31, 2023.
While expressing satisfaction at the improved performance of public sector banks, she cautioned the lenders that bank frauds pose a critical threat to the security of individual customers and financial institutions themselves, which can lead to financial losses and reduced public trust in the banking system.
In a majority of cases, the names have been finalised, while some are still awaiting a decision. While the top level positions are being filled, there appears to be a shortage of staff in a number of banks.
During a meeting with managing directors and CEOs of public sector banks (PSBs), Financial Services Secretary Vivek Joshi asked them to review the top 20 cases monthly for their resolution.
The veteran economist said that the ultimate responsibility of regulating a PSB, including removing the Chairman, if necessary, should rest with the RBI, as is the case with private banks.
These 10 PSBs had aggregate gross NPAs of over Rs 3.65 lakh crore as of September 30, 2023, as per the data shared by Finance Ministry to the Rajya Sabha.
PSBs recovered an aggregate amount of Rs. 1.61 lakh crore from written-off loans.
Sitharaman informed the House that as of March 31, 2023, legal suits were filed for recovery against 13,978 loan accounts, action under the SARFAESI Act has been initiated in 11,483 cases, FIRs have been filed in 5,674 cases, and an aggregate amount of Rs 33,801 crore has been recovered.
The Reserve Bank of India, on October 10, directed Bank of Baroda to stop onboarding new customers through BoB World, the lender’s digital banking app, citing "certain material supervisory concerns.".
Sushil Kumar Modi, member of the parliamentary committee on finance, says the government can increase the working hours by half an hour per day from Monday to Friday.