Public Sector Bank

An insider with a password is the new fraudster. Usually, in their mid-30s, well versed with banking operations, computer-savvy, and well behaved. They appear to be workaholics

The bank's executive director will hold additional charge of managing director and chief executive officer until a regular appointment is made or further orders are issued

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

The Finance Ministry has asked state-owned financial institutions to curb travel spending, adopt virtual meetings, and progressively shift to electric vehicles

Public sector banks are bracing up to increase IT spending in order to secure their systems, safeguard customer data, and protect monetary resources amid global concerns over Anthropic's Claude Mythos AI tool and its potential implications for financial data security. Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. In view of this new challenge, banks have to definitely increase their investments in IT to make their system more robust and reduce vulnerabilities with regard to cyber attacks, Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. He said the bank is going to increase its IT spending this financial year to meet the challenges posed by new technology. Besides, UCO Bank MD and CEO Ashwani Kumar said the bank's IT spending is going to be higher than last financial year, and a major part would go towards ...

The government has asked public sector banks to initiate the process of negotiations for the 13th Bi-partite settlement in a time-bound manner and finalise it in the next 12 months. The wage revision for employees and officers of public sector banks would be due from November 1, 2027. Public sector banks (PSBs) and financial institutions, including insurance companies revise wages of their employees every five years. As part of the settlement, the Indian Banks' Association (IBA) is expected to engage in dialogues with the employees' unions/associations and arrive at a mutually agreeable wage settlement. As the timely conclusion of the settlements is essential for maintaining industrial harmony, the Department of Financial Services advised Public Sector Banks (PSBs) in a communication to their heads to initiate the necessary measures to commence negotiations for the impending wage revision. PSBs are advised to complete the negotiation process within a maximum period of 12 months, th

The challenge is to transform the promotion process from a source of distrust to a catalyst for developing genuine leaders

Budgetary support for PM Vishwakarma has been cut in FY27 even as banks process lakhs of artisan loan applications, raising questions on credit absorption and scheme scale-up

Budget FY27 signals deeper banking reforms, possible PSB consolidation and higher borrowing, shifting the onus to RBI to manage yields and liquidity

J&K Bank expects gross NPAs to fall below 2% in two years as recoveries stay strong, even as margins face pressure from cumulative repo rate hikes

The stock price of Bank of India hit an intra-day high of ₹163.25 on the BSE, and has rallied 37 per cent in the past four months.

PFC had earlier withdrawn a ₹3,000-crore, three-year bond issuance, and ₹3500 crore, 15-year bond issuance on November 25 and December 10 respectively due to elevated corporate bond yields

Experts expect performance to catch up, see private lenders outperforming

Banks complete data migration for branches and ATMs; new tech to enhance mapping, oversight and financial inclusion efforts

Indian Bank's Q2FY26 net profit climbs 11% to Rs 3,107.9 crore on higher income and better asset quality, with gross NPAs dipping to 2.6% and strong deposit growth

During the PSB Manthan earlier this month, some experts and bankers had suggested that the power to appoint independent directors should rest with the boards of PSBs to enhance accountability

The official further added that the advances to agriculture and retail sectors touched 92 per cent and 98 per cent respectively for below the Rs. 10 crore loans category

Union Finance Minister Nirmala Sitharaman in her budget for FY26 increased the loan limit for farmers holding KCC to Rs 5 lakh from Rs 3 lakh earlier

The Reserve Bank of India has already cut its key repo rate by 100 basis points in an effort to jumpstart growth in the economy

Financial Services Secretary M Nagaraju on Saturday cautioned banks to bolster their defences against the growing menace of cyber threats. Speaking at a prize distribution ceremony of the 'Code Against Malware' hackathon at PNB headquarters here, Nagaruaju highlighted the growing importance of cybersecurity in the banking sector. Such initiatives align with the national goal of building resilience against emerging digital threats, he said. Launched in December 2024, the 'Code Against Malware' hackathon invited student teams from IIT Kanpur and other premier institutions to develop endpoint security solutions to detect ransomware, using behavioural analysis, artificial intelligence, and heuristic techniques. The hackathon was conducted in collaboration with the IIT Kanpur, under the guidance of the Department of Financial Services (DFS) and the Indian Banks' Association (IBA), with the objective of fostering innovation in cybersecurity and engaging India's young technical talent. P