Page 8 - Harsh Kumar

PSBs see surge in staff productivity as business per employee rises

The number of employees in most PSBs has declined over the years. Bank of India witnessed a consistent decline, falling from 52,374 in FY23 to 50,944 in FY24, and further to 50,564 in FY25

CBI books Supertech, officials for Rs 126 cr bank fraud, raids premises

The case was filed based on a written complaint by IDBI Bank Ltd; the CBI conducted searches at five official and residential premises linked to the accused in Noida and Ghaziabad

CBI arrests two more persons in NEET UG 2025 marks manipulation scam

The two accused had defrauded candidates by claiming they had contacts within the National Testing Agency

Operation Chakra-V: CBI raids 10 sites in nationwide cyber fraud crackdown

CBI conducts nationwide raids in a major crackdown on cyber fraud under Operation Chakra-V, arresting two suspects and seizing cryptocurrency and digital evidence

Nexa Evergreen land Scam: ED raids 24 sites across Rajasthan, Gujarat

The real estate firm allegedly defrauded around 62,000 investors by offering land in Gujarat's Dholera and promising to double investments in 14 months

The goal is a solid bank with tight credit, governance: Jana SFB MD & CEO

Jana Small Finance Bank's Managing Director and Chief Executive Officer discusses the bank's future plans and growth strategy

74% rural households expect income growth in 1 year: Nabard survey

Forecast of 'above normal' southwest monsoon in 2025 that would boost farm growth and rising consumption demand in rural India has fuelled the positive change in the rural sector

Finance ministry pushes public sector banks to expedite loans for weavers

Handloom organizations also benefit from an interest subvention, receiving loans at a concessional interest rate of 6 per cent for three years

Governing Council urges NIIF to boost global presence, adopt new strategy

The Finance Ministry has called on NIIF to leverage its sovereign-backed model, diversify funding sources and attract international investors by strengthening its global profile

Most public-sector banks see decline in headcount even as branches spread

Public sector banks (PSBs) have shown varied trends in employee strength over the last three financial years

Uco Bank plans to raise ₹2,700 cr in FY26 via QIP in tranches: MD & CEO

In Q4 FY25, we recovered around Rs 1,666 crore, taking the total recovery for the full year to Rs 4,400 crore, Ashwani Kumar said

Panel formed to chart roadmap for Big Four-like company in India

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Govt flags bank staff safety, services operations to chief secretaries

Writes to chief secys after incidents of people behaving inappropriately with bankers

Banks may hold back on fresh loans to Vodafone Idea as AGR clouds linger

Supreme Court (SC) had dismissed petitions by telecom companies Vi and Airtel seeking a waiver on paying interest, penalty, and interest on penalty components as part of their long-standing AGR dues

1 year of Modi 3.0: Operation Sindoor, Viksit Bharat hold centre stage

The results of the elections to elect the 18th Lok Sabha were declared on June 4, while the Council of Ministers, led by the prime minister, took oath on June 9

FM flags drug menace as major national threat, seeks stronger DRI action

Nirmala Sitharaman says drug trafficking is the biggest threat to the nation, urging DRI to target criminal masterminds and coordinate with state police more effectively

Over 63,000 digital payment frauds reported in last decade: Govt

Government data show over 63,000 digital payment frauds worth Rs 733 crore in the past decade as Congress questions the Modi government's banking security record

Grameen Credit Score framework likely to be launched in next 3 months

Grameen Credit Score designed to strengthen financial inclusion in rural India

Govt extends tenure of Punjab & Sind Bank MD S K Saha till Feb 2027

According to an official notification issued by the Department of Financial Services under the Ministry of Finance, Saha's current term was set to end on June 2, 2025

Draft gold loan norms: FinMin seeks exemption for small-ticket borrowers

The ministry has suggested exempting gold loans below ₹2 lakh from RBI's proposed norms. This move may benefit 60-70% borrowers