Psbs

Banking for Viksit Bharat

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

Nifty PSU Bank tanks 2%, stocks dip up to 4%; Analysts flag rate hike woes

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.

Bank strike from Sept 28-30: Why bankers are on strike again this month

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

PSBs to remain open on Sunday ahead of three-day nationwide bank strike

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

Keep banks open

Rotation of staff can be considered

FinMin to meet bankers ahead of three-day staff strike next week

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

Govt keeps PSB employees' FY26 PLI scheme in abeyance after union plea

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 .

Smaller PSBs may partner larger peers to expand their credit card business

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

PSBs turn 'Banking for Youth' into an entry-level hiring pipeline

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

Monsoon Session: PSBs' profit nearly trebled in 5 years, says FinMin

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

Govt to offload up to 8% stake in Central Bank of India through OFS

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

Public sector banks start sending their employees back to West Asia

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

India's second largest PSB, Bank of Baroda, aims to double size in 5 yrs

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

PSBs' net profit up 11.2% in FY26, hits new high of ₹1.98 trillion

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

Best of BS Opinion: Government must expedite board appointments at PSBs

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

Empty chairs: Government should not delay board appointments at PSBs

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

Public-sector banks prepare to shore up capital before ECL shift

Move will also help lower govt shareholding

Bank of Maharashtra hits 52-week high on strong Q4; HDFC Sec retains 'Buy'

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 encourages composite salary package to boost PSU banks' CASA

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

Bank unions calls DFS move to revise PLI framework 'discriminatory'

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