Public Sector Banks

Emkay raises Bank of Baroda target to ₹350 on strong FY26 growth outlook

Analysts at Emkay Global Financial Services have raised Bank of Baroda's share price target to ₹350 with a 'Buy' rating, citing 11-13% credit growth outlook, stable margins, and strong asset quality

Datanomics: Unclaimed bank deposits more than double in five years

Only 3% of India's ₹67,000-crore unclaimed bank deposits have been returned so far under the Centre's 'Your Money, Your Right' campaign, highlighting the scale of idle savings

PSBs rework branch strategy to cut costs amid changing customer behaviour

PSU banks are reviewing low-traffic locations, shrinking branch sizes and using AI-driven site analytics as digital adoption rises, leading to more mergers and micro branches in rural areas

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

FinMin streamlines recruitment, result timelines for public sector banks

The Finance Ministry has undertaken several initiatives aimed at streamlining the timelines for recruitment examinations for the public sector banks and declaration of their results. This includes recruitment to State Bank of India (SBI), Nationalised Banks (NBs) and Regional Rural Banks (RRBs), the Department of Financial Services under the Ministry of Finance said in a statement on Thursday. Additionally, these initiatives seek to enhance transparency in examinations conducted by the Institute of Banking Personnel Selection (IBPS). The recruitment in SBI, NBs and RRBs is conducted through the IBPS process, in accordance with the mandates of the respective banks, it said. Typically, examinations for RRBs are administered prior to those for NBs and the SBI. The results are subsequently announced in a similar sequence, it said. "Nevertheless, a notable trend has emerged wherein newly recruited candidates frequently transition from RRBs to NBs, and subsequently to SBI. This migratio

In a first, complaints against private banks exceed PSBs in FY25

Private banks drew more complaints than state-owned lenders for the first time in FY25, as overall grievances under RBI's Ombudsman Scheme rose sharply

A new wave of reforms set to sweep banking, boost capital and growth

At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business

Public sector banks setting benchmarks for BFSI sector, says M Nagaraju | BFSI Summit 2025

Public sector banks (PSBs) in India are setting remarkable benchmarks for the country’s banking, financial services, and insurance (BFSI) sector, said M Nagaraju

SBI's Setty discusses technology spending, talent retention and RBI reforms

Setty welcomed the 22 reforms announced by the Reserve Bank of India during its October Monetary Policy Committee meeting, calling them a 'vote of confidence'

Public sector banks setting benchmarks for BFSI sector, says M Nagaraju

At the Business Standard BFSI Insight Summit 2025, Secretary, Dept of Financial Services, M Nagaraju said that India's financial sector is at the pinkest possible period of time in history

Govt plans to hike foreign investment cap in PSBs to 49%, says report

India has 12 government-owned banks, with combined assets of 171 trillion rupees ($1.95 trillion) as of March that account for 55% of the banking sector

FSIB invites application for Canara MD & CEO a week after notification

FSIB reopens applications for Canara Bank's top post a week after the Centre allowed private sector professionals to compete for PSU bank MD & CEO positions

Private banks reduce lending rates more than PSBs in current cycle

Following the RBI's 100-bps policy rate cut, private banks showed faster transmission to lending rates, while PSBs led in passing on deposit rate reductions

Leadership positions: Public sector banks should focus on grooming leaders

The government's plan to open senior roles in public-sector banks to private executives aims to boost efficiency but may clash with institutional values and pay disparities

Can private bankers run PSBs? Govt needs patience to make it work

Yes, they can. But to make the experiment successful, the government must have patience

Top jobs at PSBs: Pride and prejudice over opening doors to private talent

Opening top positions at public sector banks for private candidates is a welcome move. Delinking their salary from the IAS is the next logical step

Finance ministry to review US tariff impact on MSME sector on Monday

DFS secy to meet PSBs to assess credit flow

Opening top PSB posts to pvt sector a 'dangerous precedent': Bank unions

UFBU calls new ACC guidelines a de facto privatisation of leadership and urges government to review the move through a joint stakeholder committee

Indian Bank market-cap nears ₹1 trillion; stock zooms 43% in CY 2025

Indian Bank's market cap hit ₹99,655 crore in intra-day trade on the BSE. Meanwhile, analysts at Motilal Oswal Financial Services (MOFSL) reiterated BUY rating on Indian Bank stock.

Structural gains, valuation support positive for PSU bank stocks

PSU banks have gained 10% in a month as improved profitability, strong deposit franchises, stable asset quality and reasonable valuations drive investor interest