Public sector banks

Govt Will Sell One Insurance PSU To Private Firms: Successful LIC IPO Is The Reason? The government may privatise one of its general insurance companies this year after the LIC IPO. The Ideal Candidate It will begin work on…

Private lender Kotak Mahindra Bank has recorded the highest number of bank frauds in the Apr-Dec 2021 period The number of bank frauds in the country has drastically reduced from Rs 61,229 crore in 2016-17 to Rs 648 crore in the first…

The infused capital in such public banks will help them meet regulatory requirements. The Govt of India has set aside a total of Rs 15,000 crore for weak public sector lenders like Central Bank of India and Punjab & Sind Bank, for…

Still No Clarity From Govt Over Privatization Of PSU Banks: Which Banks Will Be Sold Off? The government has yet not decided on public sector banks privatization, according to the Minister of State for Finance Bhagwat Karad as he…

It was resolved at Rs 1,61,820 crore resulting in a loss of Rs 2,84,980 crore. Public sector banks have lost nearly Rs 2.85 lakh crore owing to loan dues of 13 corporates. How It Happened The losses rained down even though banks…

Govt Banks Recorded Rs 17,000 Crore Profit In 90 Days: Govt Can Refuse To Give More Money To Public Sector Banks Now In the upcoming Budget, underlined as the fourth Budget of the Modi government in its second tenure, to be held on…

The bill would pave the way for two public sector banks to be privatised. Indian Overseas Bank (IOB) and Central Bank of India (CBoI) have said that there is no information regarding the reported privatisation of both. Why The…

As per the report, states with more bank accounts have witnessed a proportional reduction in crime rates, along with a meaningful drop in consumption of alcohol and tobacco. In a report drafted by Soumya Kanti Ghosh, the group chief…

SMEs, Small Businesses Suffer As Banks Forced To Close Their Current Accounts: Find Out Why This Happened? The latest reports reveal that the Reserve Bank of India's (RBI) circular to banks for the ‘need for discipline’ led to the…

GIBNA serves to alleviate the economy by securing the development of general insurance business in the country. The central government is known to be in works for introducing some changes in the General Insurance Business…