Page-2 of Topic: Public Sector Banks
Scheduled Bank Status in India
The Bengaluru-headquartered small scale bank Jana Small Finance Bank Limited has received the status of a Scheduled Bank. What are Scheduled Banks of India? The Scheduled Banks are...
RBI tightens fit-and-proper criteria for directors on PSB boards
Reserve Bank of India (RBI) has tightened fit-and-proper criteria for directors on boards of state-run Public Sector Banks (PSBs). In this regard, it has issued RBI (‘Fit and...
Wilful Defaulters in Nationalised Banks up by 60% in 5 years: Govt
As per a written reply given by Union Finance Minister Smt. Nirmala Sitharaman in Lok Sabha, the number of wilful defaulters in nationalised banks has increased by more...
PSBloansin59minutes.com emerges Largest Fintech Lending Platform
PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country’s largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore....
NITI Aayog hosts Conference on Future of Indian Banking and role of technology Tomorrow
The think tank Niti Ayog had hosted the conference on Future of Indian Banking and role of technology Tomorrow in association with the Foundation for Economic Growth and Welfare...
Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain...
PSU banks to bring down govt equity to 52%
The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s...Public Sector Banks in India
Public Sector Banks are banks where the majority stake (over 50%) is held by the government. The government’s entry into banking began with the nationalization of the Imperial...
Public sector banks to come out of PCA framework by end of 2018: Government
Union Government is expecting that public sector banks (PSBs) placed under RBI’s Prompt Corrective Action (PCA) framework will come out of it by the end of this year....
Banks Board Bureau recommends elevation of 15 executive directors as MD PSU bank
The Banks Board Bureau (BBB) has recommended 15 executive directors to be elevated as managing directors (MD) at various public sector banks (PSBs). It was headed by former...
Bhanu Pratap Sharma replaces Vinod Rai as chairman of Banks Board Bureau
The Union Finance Ministry has reconstituted Banks Board Bureau (BBB) and appointed former bureaucrat Bhanu Pratap Sharma as its chairman. It will replace earlier BBB headed by former...
