Public sector banks

The Government will infuse a sum of Rs 20,000 crore in public sector banks, to help them recover from the financial standstill that has affected banks amidst the coronavirus pandemic. The government finally seeked the Parliamentary nod…

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…

1.25 lakh government jobs advertised each year As per the reports, the Union Cabinet has given a nod to set up National Recruitment Agency to conduct a Common Eligibility Test (CET) for selection for all non-gazetted posts in the…

The current conditions of public sector banks are shaky and must be immediately attended to. 3 advantages of privatizing public sector banks. With news gushing in from every direction and with perspective about the privatization of…

More PSU Banks Will Be Privatised: Bank of Maharashtra, Indian Overseas Bank, Punjab & Sind Bank On The List The Finance Minister Nirmala Sitharaman had last year decided to merge 10 public sector banks into four banks, thereby…

No Extra Charge For Using RuPay, UPI; These Companies Mandated To Offer RuPay, UPI Mode Of Payment There’s important news concerning the finance and economic sector of the country. As the year comes to an end, the Finance Minister…

Alert For Bank Customers: Deposits Only Upto Rs 1 Lakh Is Insured, In Case Your Bank Shuts Down! The current financial year, with the onset of the country’s first female Finance Minister, has seen a lot of revisions in the way banks and…

Banks earned Rs 10,000 crore penalty from people who didn't had money It has been registered that about twenty-two scheduled commercial banks (SCB) have collected almost Rs 10,000 crore in the last three years as a penalty for not…

Amidst the heat of Public Sector bank (PSB) consolidations going on, the new government is looking forward to another such consolidation. We have kept you updated of all such news on bank amalgamations and the future predictions…

We recently brought you news about the first Public Sector Bank (PSB) consolidation of Vijaya Bank and Dena Bank with Bank of Baroda, effective on April 1, 2019, anticipating that there will allegedly be more mergers this year.…