PSU Banks

Rs 19,000 Cr Fraud At PSU Banks In 90 Days; SBI, BoI #1 In Fraud Cases The number of frauds reported by PSBs is sky high - the banks have reported frauds worth more than Rs 19,964 crore. And this is number has been recorded only during…

5 major public sector banks, including SBI and PNB are ready to sell their shares to institutional investors for bolstering their capital base. Public sector banks have been the hot shot of the hour. Not only have they been on the…

These 3 Govt Banks Can Be Sold To Private Firms; India Post Can Be Merged With Rural Banks To Form 2nd Biggest Bank In India Policy think tank NITI Aayog has asked Govt to sell three PSU banks as part of privatization push, and merge…

15% Salary Hike For 8.5 Lakh Bank Employees Approved; Both Private, Public Banks Covered The representative body of management banks in India, Indian Bank Association (IBA) and United Forum of Bank Unions (UFBU) have reached an…

Privatization of PSU Banks Can Be Postponed In 2020: Find Out Why, And When Will It Begin? As per the reports, the privatization of any public sector bank (PSB) during the current fiscal is very unlikely due to their low valuations and…

Mega-Merger Of 10 PSU Banks Is Live, 6 Banks Cease To Exist; PNB, Indian Bank, Canara Postpone Some Aspects Due To #Coronavirus On Wednesday, the biggest-ever consolidation exercise in the public sector banking space is slated to take…

Mega-Merger Of PSU Banks: RBI Says Merger Comes Into Force From April 1st, Despite #Coronavirus Lockdown Ignoring the Coronavirus lockdown, the RBI has announced that the merger will still take place on the set date, April 1, 2020. …

Govt Will Merge 10 PSU Banks By April 1st, No Uncertainty Exists; Loans Will Be Restructured Since last 24 hours, there have been some reports that the mega-merger of 10 PSU banks will be delayed by atleast 6 months. As per a report…

Mega-Merger Of PSU Banks Can Delay By 6 Months; Cabinet Likely To Say Yes To Merger As per an exclusive report by Zee Business, it has been revealed that the mega-merger of 10 PSU banks into 4, which was supposed to happen by April 1st,…

This 4-Year Old Bank Is More Profitable Than 17 Govt Banks Combined! (How This Happened?) If we told you that a single bank, only four years old, makes more profit than 17 banks together, would you believe it? The answer is probably…