Public Sector Banks

Govt mulls allowing 49% foreign ownership in state banks to fund growth

The government is discussing raising the foreign direct investment cap to 49 per cent from 20 per cent, federal banking secretary M Nagaraju said

Why India needs bigger, global scale banks for the next growth phase

Top PSU bankers argue India needs a few global-scale banks to fund big projects, invest in tech, and support a $35-40 trillion economy by 2047

SBI will double its balance sheet in 6-7 years: SBI chairman CS Setty

There is greater confidence among banks to lend to MSMEs because of data availability, and clarity in terms of their business models, says Setty

Indian Overseas Bank Q3 net profit up 63% at ₹1,427 crore on higher income

Indian Overseas Bank posted a 63 per cent rise in net profit in the December quarter, supported by higher operating income, strong credit growth and a sharp improvement in asset quality

Union Bank Q3 net rises 9% to ₹5,017 crore, aided by decline in provisions

Union Bank of India posted a 9 per cent rise in December-quarter net profit as provisions dropped sharply, even as net interest margins declined and deposit growth moderated

FinMin to review PSBs' progress on unclaimed deposits on January 14

"The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA Fund and the pace of claims settlement across banks

Supervisory data quality index of banks improves to 90.7 in Sept 2025

The overall sDQI score for SCBs improved to 90.7 in September 2025, up from 89.9 in June 2025

Why fixing the RBI-government ties matters for India's growth ambitions

The relationship between the central bank and the government is holding back India's financial sector

Public sector banks' staff count rises for first time in five years

RBI data show public sector banks added staff in FY25 for the first time in five years, while private banks' headcount fell, led by a sharp drop at ICICI Bank

FinMin colloquium to brainstorm ways to check rising debt recovery cases

DFS will meet DRT and DRAT heads and senior bank executives on December 30 to discuss measures to speed up recoveries as pending cases rose to 0.137 million by September 2025, officials said

Public-sector banks okay ₹28k cr in MSME loans via new digital model

The overall rejection rate across banks stood at about 20 per cent, with variation across institutions depending on credit profiles and digital data availability

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'