The Finance Ministry on Tuesday said that there has been no increase in service charges by any public sector bank even as Bank of Baroda decided to withdraw changes made with regard to the number of f...

SBI managing director Arijit Basu warned that banks should not solely focus on the retail segment as sluggish growth can impact this category of loans. “A complete shift to retail may not be in ...

The country’s largest lender SBI on Friday said its board has approved a proposal to raise Rs 8,931 crore by issuing Basel III compliant bonds to investors. The committee of directors for capit...

The government may not have to inject fresh capital into the public sector banks (PSBs) as the one-time loan restructuring permitted by the RBI has reduced additional fund requirement by them. Also t...

HDFC Bank managing director Aditya Puri has sold a significant part of his stake in the private sector bank for almost Rs 843 crore at current market prices. Puri, who was the highest paid banker in ...

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said. ...

State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors, including MSMEs, agriculture and retail between March 1 and May 15 when businesses were reeling under the imp...

Indian public sector banks had the 'worst phase' under the combination of former Prime Minister Manmohan Singh and RBI governor Raghuram Rajan, finance minister Nirmala Sitharaman said at a lectu...

Public sector banks have initiated a bottoms-up consultative process at the branch level for a diagnosis of the limp credit growth in the economy that threatens to derail Prime Minister Narendra Modiâ...

The government on Friday announced four separate mergers of public sector banks in which 10 lenders will combine to form a quartet of new entities, with the aim to create world-class banks with strong...