Psbs

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

Treasury income supports public sector banks' earnings in Q3 FY26

Healthy treasury gains helped public sector banks cushion muted NII growth in Q3, even as higher bond yields and slower deposit growth weighed on margins

Bank NPAs at multi-decade lows as gross NPA ratio falls to 2.1%: RBI data

RBI's Trends and Progress report shows banks' asset quality improved, with gross NPAs down to 2.1% by September 2025 and net NPAs at 0.5%, aided by recoveries and provisioning

PSBs eye M&A market but face talent, pay and regulatory hurdles ahead

Banks planning to enter this line of business need to prepare on several fronts, from raising payouts and hiring specialised talent to navigating potential governance challenges

Govt to divest up to 6% stake in Bank of Maharashtra, eyes ₹2,600 cr

The government has decided to divest up to 6 per cent stake in state-owned Bank of Maharashtra through an Offer for Sale commencing on Tuesday. At the current market price, the government would be able to garner about Rs 2,600 crore by offloading up to 6 per cent stake in the bank. "Offer for Sale in Bank of Maharashtra (BOM) opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 5% equity in the bank with an additional 1% as a green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. The government currently holds a 79.60 per cent stake in the Pune-based bank. With the stake dilution, the bank would be able to meet the minimum public shareholding norm of 25 per cent as the government stake will come down below 75 per cent. This is in line with the Securities Contract (Regulation) Rules issued by the Securities and Exchange Board of India, which mandate that

SBI seeks govt-backed credit guarantee for risky new-age sectors: MD

Country's largest lender SBI is in talks with the government for having a credit guarantee scheme for risky, new-age sectors, its managing director Ashwini Kumar Tewari said on Monday. SBI also wants the inclusion of green finance in priority sector lending mandate, but the RBI and the government are averse to the idea because of the crowding-out effects on other aspects, Tewari said. Speaking at the CII Finance Summit here, Tewari said SBI will soon be inaugurating a centre of excellence that will help not just itself but the broader universe of financiers with aspects like drafting policies on lending, assessing and pricing of risk, etc. The CoE will focus on eight sectors, including electric vehicles, high-end solar technology, green hydrogen, green ammonia, batteries and data centre, he said. "We are telling the government to build in some guarantee schemes for the new age and riskier elements of the industry," he said, without elaborating on the specifics been sought. At pres

Sebi increases Bank Nifty stocks to 14 from 12, caps top stock's weight

As per the new rules, the index must include a minimum of 14 constituents, compared with the current 12, while the weight of the top constituent will be capped at 20% - down from 33% presently.