PSB

$20.72 bn already mobilised overall since swap window opened, says RBI

Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Monday to review progress of foreign currency deposit mobilisation excercise being undertaken by them. In a bid to attract foreign currency deposits by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (PIOs), the Reserve Bank of India last month withdrew, till September 30, interest rate ceiling on fresh Foreign Currency Non-Resident (Bank) deposits of 3-5 years' maturity. The move came at a time when FCNR(B) deposit inflows weakened sharply, with net inflows dropping to just USD 946 million in FY26 from USD 7.1 billion in FY25. The Finance Minister will chair a meeting of public sector banks and financial institutions, including IDBI Bank, on mobilisation of FCNR(B) deposits, Overseas Foreign Currency Bonds and External Commercial Borrowings on July 13, sources said. Under the new arrangement, the RBI is offering a concessional foreign exchange

Young officers are quietly leaving public sector banks as career bottlenecks, transfers and shrinking growth opportunities erode the appeal of banking careers

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

PSBs and insurers have urged the finance ministry to raise the sum assured under PMJJBY and PMSBY, citing inflation and household vulnerabilities, as India targets "Insurance for All by 2047"

UPI hits record high in Oct; PSBs eye global scale, tech upgrades

PSU Bank stocks have outperformed in recent trading sessions amid reports of a likely hike in FII investment limit. Here are 5 stocks that look strong on technical charts.

India has 12 government-owned banks, with combined assets of 171 trillion rupees ($1.95 trillion) as of March that account for 55% of the banking sector

The RBI has formed a Regulatory Review Cell to periodically review its regulations every five to seven years. Effective October 1, the cell will ensure a systematic internal review of norms for banks.

The two-day programme, organised by DFS, brought together top policymakers, regulators, technologists and banking practitioners

The paper notes that the problem was not just weak lending choices; core project risks were built into the model

State-owned Punjab & Sind Bank has said CARE Ratings has upgraded ratings on tier-II bonds by a notch, citing improvement in profitability and decline in bad loans. The rating has been upgraded from CARE AA- with Positive outlook to CARE AA with Stable outlook, the bank has said in a regulatory filing. The bank has secured rating upgrades for tier II bonds worth Rs 1,237 crore. The rating revision to the debt instruments of Punjab and Sind Bank (PSB) considers the improvement in profitability in FY25 and better asset quality aided by recoveries and lower incremental slippages, CARE Ratings said in a statement. The rating continues to favourably factor in majority ownership of and demonstrated support from Government of India (GoI), comfortable capitalisation levels supported by multiple equity infusions and accretion of profits, and established presence in northern states of India, it said. PSB is expected to sustain growth in business while maintaining adequate capitalisation and

Shares of PSU banks have rallied up to 24% thus far in FY26; here's what technical charts suggest for Bank of India, Indian Bank, Bank of Baroda, PSB and Central Bank of India.

Savings deposit rates of some public sector banks (PSBs) are prevailing at a historical low, since their de-regulation in 2011, according to the latest bulletin of the Reserve Bank of India (RBI). The weighted average domestic term deposit rates for fresh deposits has declined significantly for both PSBs and private sector banks. "Currently, the savings deposit rates of some PSBs are prevailing at a historical low, since their de-regulation in 2011," said an article published in the the RBI's July bulletin. In October, 2011, the RBI had deregulated the savings bank deposit interest rate, and allowed banks to determine the interest rate at their own. The rates on small savings schemes were kept unchanged by the government during the ongoing September quarter. The prevailing rates on these instruments are higher than the formula-based rates by 33-118 bps, the article said. It further said in response to the 100-bps reduction in the policy repo rate since February 2025, banks have .

Amid rising competition from private and small finance banks, PSBs have been asked to scale up physical infrastructure and cover over 200 unbanked population clusters

Cabinet Secretary TV Somanathan has called a meeting of various stakeholders next week to find a way out for the state-run MTNL, which has defaulted on bank loans

Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill by voice vote

The finance ministry has called a meeting of heads of public sector banks (PSBs) on March 4 to review financial performance of banks and progress of financial inclusion schemes, among others. The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju. According to sources, the meeting would also discuss and review the progress of various financial inclusion schemes including PM SVANidhi Schemes. This is going to be the first meeting after presentation of Union Budget 2025-26 in Parliament. PSBs have posted highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent. The performance of PSBs has shown significant improvement on key financial parameters, like record net profit growth, improved asset quality, and build-up of adequate capital buffers, during the period under review. The 12 state-owned banks recorded net profit growth of 31.3 per cent (year-on-year) to achieve

PSBs have significantly improved asset quality, with a low net non-performing asset (NPA) ratio of 0.59 per cent, and an aggregate net NPA outstanding of Rs 61,252 crore

PSBs achieved only 51% of enrolment targets for the Pradhan Mantri Jeevan Jyoti Bima Yojana by Dec 2024