PSBs

A very costly clean-up with no accountability has been completed, but much deeper reforms are needed

PSU Bank stocks slide: Bank of India, Bank of Maharashtra, Union Bank of India, Canara Bank, Punjab National Bank and Bank of Baroda declined 2-4% in Monday's trading session.

The RBI has allowed all bank branches, offices, ATM-linked branches and currency chests to remain open on September 27 to avoid a possible five-day disruption

RBI has approved opening of all bank branches, offices, ATM-linked branches and currency chests on September 27 to prevent a potential five-day disruption

Rotation of staff can be considered

The finance ministry will meet chiefs of PSBs, RRBs, IBA and Nabard to review contingency plans ahead of the three-day nationwide bank strike from September 28

The government has decided to keep in abeyance the implementation of the performance-linked incentive (PLI) scheme for employees of public sector banks (PSBs) for 2025-26 following a representation by bank employees seeking a review of its existing structure. Finance Minister Nirmala Sitharaman met a delegation of bank employees representing different PSBs, led by the Bharatiya Mazdoor Sangh, which raised several issues concerning the banking sector and employees, the finance ministry said in a statement on Monday. The delegation sought, among other things, a review of ex-gratia, medical facilities for retired employees and changes in the existing PLI structure applicable to PSB employees, it said. The decision comes ahead of nationwide bank strike call given by UFBU pressing for various issues, including PLI scheme. Taking cognisance of the concerns raised, it was decided to keep in abeyance the implementation of the PLI Scheme dated November 19, 2024, for 2025-26, it said. The .

Proposals discussed at the PSB Confluence include co-branded cards, data-led customer acquisition, business cards for MSMEs and financial literacy before activation

State-owned banks plan to use the MY Bharat portal to offer internships and training to young people and build a pipeline for recruitment into entry-level banking jobs

Public sector banks posted a record ₹1.98 trillion profit in FY26 as bad loans hit a historic low and credit growth remained strong across retail, MSMEs and agriculture

The government will begin an offer for sale in the Central Bank of India on Friday, with a base offer of 4 per cent stake and an additional 4 per cent green shoe option

Had temporarily recalled officials handling treasury, wholesale, and corporate banking as war escalated

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally

Public sector banks posted record profitability for the fourth straight year in FY26, aided by strong credit growth, improved asset quality, and better operational efficiency

Today's Opinion wrap tracks RBI's bank board concerns, India's satellite strides, gaps in economic guidance, China's consumption debate, and a memoir on rural farming journeys

Over the years, the government has made significant intervention in institutionalising the appointment processes. But of late, action seems to have lagged

Move will also help lower govt shareholding

Bank of Maharashtra posted a 34.89 per cent year-on-year (Y-o-Y) surge in net profit to ₹2,014.09 crore, compared to ₹1,493.08 crore in the March quarter of FY25

DFS Secretary M Nagaraju inaugurates a composite salary account camp in Delhi as public sector banks seek to strengthen CASA balances and deepen customer relationships

UFBU alleges proposed changes to performance-linked incentive structure in public sector banks are discriminatory and violate status quo agreed during conciliation