Govt receives dividend of Rs 6,481 cr from 4 PSU banks
New Delhi: Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24.
SBI Q4FY24: PAT grows 24% YoY to Rs 20,698 cr; NII grows 19% to Rs 1.11 lakh cr
Mumbai: India’s largest lest lender State Bank of India (SBI) on Thursday reported net profit of Rs 20,698 crore, marking a 24 percent year-on-year increase for the fourth quarter of FY 24.
Sensex jumps 900 points with PSU banks and Adani Group stocks taking the lead
Mumbai: The Sensex surged by 900 points on Friday and the Nifty came close to reaching the 17,600 mark, following positive global and domestic cues. This boost in the stock market resulted in investors gaining approximately Rs 3.4 lakh crore, ET reported.
Public Sector Banks proposed to be provided Rs 70,000 crore capital to boost credit
New Delhi, July 5 (IBNS): Public Sector Banks are to be further provided Rs 70,000 crore capital to boost credit for a strong impetus to the economy. To further improve ease of living, they will leverage technology, offering online personal loans and doorstep banking, and enabling customers of one Public Sector Bank to access services across all Public Sector Banks.
Wish PSU banks bailed out Kingfisher too like Jet: Vijay Mallya
New Delhi, Mar 26 (UNI): Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said on Tuesday that he was happy to see that PSU banks have bailed out Jet Airways and lamented that the same PSU Banks let 'India’s finest airline with the best employees and connectivity fail ruthlessly'.
Lets not push banks fire fighting with frauds to meet hard Aadhaar deadline: ASSOCHAM
New Delhi,m Mar 4 (IBNS): Notwithstanding judicial scrutiny and governments well-intentioned moves, the banks , particularly those in the PSUs, may find it hard and challenging to complete the task of linking Aadhaar with the accounts of all the customers by Mar 31,2018 thus necessitating relaxation of the deadline, the ASSOCHAM has said.
PSU banks in sweet spots; market mop up can well exceed Rs 58K crore: ASSOCHAM
New Delhi, Oct 30 (IBNS): If the change of perception for PSU banks, post the mega capital infusion scheme is any indication, dilution of government equity, up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 crore as provided in the Rs 2,11,000 crore re-capitalisation plan, an ASSOCHAM report has said.