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GRAP 4 restrictions reimposed in Delhi as air quality dips to 'severe' category | 39 ministers included in Devendra Fadnavis-led Maharashtra cabinet | People who raise questions on EVMs should show how they can be hacked: TMC trashes Congress claims | Bangladesh likely to hold national polls in late 2025 or early 2026, says Yunus in Victory Day speech | Constitution stood test of time: Nirmala Sitharaman in Rajya Sabha | PM Museum requests Rahul Gandhi to return Pandit Nehru's historical letters | Indian tabla maestro Zakir Hussain dies at 73 in San Francisco, confirms family | Kolkata woman strangled, beheaded and chopped into pieces for refusing brother-in-law's advances | Arvind Kejriwal, CM Atishi to contest Delhi polls from current constituencies | Atul Subhash suicide case: Wife Nikita, her mother and brother arrested
Finance Ministry asks public sector banks to examine and enhance cybersecurity

Finance Ministry asks public sector banks to examine and enhance cybersecurity

Nov 20, 2023, at 12:02 am

New Delhi: The Finance Ministry has asked state-owned banks to reassess their digital operations in light of the recent UCO Bank incident, media reports said.

Bank of Baroda Q1FY24 net profit soars 88% YoY to Rs 4,070 crore; NII grows 24%

Bank of Baroda Q1FY24 net profit soars 88% YoY to Rs 4,070 crore; NII grows 24%

Aug 06, 2023, at 07:48 am

Public sector lender Bank of Baroda (BOB) on Saturday reported a standalone net profit of Rs 4,070 crore in Q1FY24, up 87.7 year-on-year compared to Rs 2,168 crore in the same quarter of the previous fiscal year.

Deposits and advances of PSBs grew by 15.8% in FY23

Deposits and advances of PSBs grew by 15.8% in FY23

Aug 02, 2023, at 05:30 am

New Delhi: The growth of deposits and advances of PSBs has improved from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23.

SBI reports strong financial performance: FY23 net profit jumps 58.6% to Rs 50,232 cr, Q4FY23 net profit soars 83% to Rs 16,695 cr

SBI reports strong financial performance: FY23 net profit jumps 58.6% to Rs 50,232 cr, Q4FY23 net profit soars 83% to Rs 16,695 cr

May 18, 2023, at 09:45 pm

Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.

Bank of Baroda: Centre appoints Debadatta Chand as MD & CEO

Bank of Baroda: Centre appoints Debadatta Chand as MD & CEO

Apr 30, 2023, at 08:51 pm

New Delhi/IBNS: The Centre has appointed Debadatta Chand as the company's Managing Director (MD) and Chief Executive Officer (CEO), Bank of Baroda said on Saturday.

Public sector banks to pay record Rs7,867 crore dividends to govt this year

Public sector banks to pay record Rs7,867 crore dividends to govt this year

May 27, 2022, at 11:50 pm

New Delhi: State-run banks will give the government a whopping Rs7,867 crore in dividends this year, indicating better profitability and capital position, mainly due to falling stock of non-performing assets, media reports said.

Union Bank becomes India’s fifth largest public sector bank

Union Bank becomes India’s fifth largest public sector bank

Apr 03, 2020, at 05:20 pm

Hyderabad/UNI:  Union Bank of India, erstwhile 97-year-old Andhra Bank and erstwhile Corporation Bank were now one bank.

Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism

Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism

Aug 23, 2017, at 11:28 pm

New Delhi, Aug 23 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM).