Page 3 - Public Sector Banks

Tariff worries? Allocate 40-50% to Sensex or Nifty basket: G Chokkalingam

The continued normal monsoon, falling inflation, and the S&P Global Ratings upgrade also contributed to the market recovery despite the US tariff threats, said Chokkalingam

Finance ministry asks PSBs to broaden credit focus amid tariff woes

"PSBs have been told to focus on credit growth across loan sizes, especially in core engineering, manufacturing, agriculture, MSMEs, and startups," the official said

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

The incidence of default was higher among private lenders compared to their public sector counterparts, according to CareEdge Rating data

FinMin to meet CEOs of PSBs on August 20 to review Q1 performance

The finance ministry has called a meeting of heads of public sector banks (PSBs) on Wednesday to review the first-quarter financial performance. The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju. The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources. Led by State Bank of India (SBI), public sector banks, cumulatively, logged a record profit of Rs 44,218 crore in the first quarter of the current fiscal, with an 11 per cent year-on-year growth. All 12 public sector banks together made a profit of Rs 39,974 crore in the June quarter of FY25. The increase in profit in absolute terms was Rs 4,244 crore. Market leader SBI alone contributed 43 per cent to the total earnings of Rs 44,218 crore, as per the published numbers on stock exchanges. SBI logged a net profit of Rs 19,160 crore in Q1 FY26, 12 per cent higher than the same period of the previous fiscal. In terms of siz

Bond windfall cushions NII strain for PSBs as margins shrink on rate cuts

Public sector banks saw Q1 FY26 profit rise 10.6% YoY on treasury gains and lower provisions, while NII was flat as lenders passed on policy rate cuts to customers

ED files supplementary prosecution complaint in Amtek Auto bank fraud case

ED files supplementary complaint naming 56 accused in Amtek Auto fraud involving loan diversion, stock manipulation, and asset concealment, with Rs 6,261 crore attached

Four PSBs seek 1-year extension to comply with shareholding norms

As per SEBI norms, listed entities must reduce promoter shareholding to 75 per cent

Union Bank of India puts 10 Future Group brands on block to recover dues

Union Bank of India has listed 10 brands from Future Brands Ltd, part of Kishore Biyani's Future Group, for auction in August to recover dues of over Rs 181 crore under SARFAESI

NPAs in agriculture sector stay high amid loan-saturation concerns

The stress reflects growing concern over loan saturation, with some PSBs reporting lower single-digit year-on-year (Y-o-Y) growth

Public sector banks' property e-auctions take a leap under BAANKNET

The new platform has improved the auction success rate to 14.7 per cent, up from 9 per cent under the previous system

Thermostat setting: India's move towards energy-efficient AC solutions

We often see airconditioning as a luxury that middle-class families and small businesses cannot afford

Monthly RBI bulletin: Public-sector banks slashed rates more than pvt peers

RBI report says PSBs reduced lending and deposit rates more than private banks in response to 100-bps repo rate cut; economy stays resilient amid global uncertainty

Higher FDI cap won't affect PSBs' financial inclusion goals: UCO Bank CEO

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Public sector bank NPAs drop to 2.58% from 9.11% in 4 yrs: Finance ministry

Gross NPAs of public sector banks dropped from 9.11% in 2021 to 2.58% in 2025, driven by RBI and government reforms, stricter recovery laws, and improved asset resolution frameworks

Central Bank of India Q1 results: PAT jumps 33% to ₹1,169 cr on lower NPAs

State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory filing. Interest earned by the bank improved to Rs 8,589 crore, as compared to Rs 8,335 crore in the June quarter FY25. During the period under review, operating profit of the bank increased to Rs 2,304 crore, as compared to Rs 1,933 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.13 per cent of gross advances at the end of the June quarter, from 4.54 per cent a year ago. Gross advance increased by 9.97 per

The curious case of demotion of executive director at a public-sector bank

If someone is deemed unfit for the ED post, can that person be considered fit to be a general manager?

MSME lending a new driver of credit growth? Asset quality a key test

Credit growth to small and medium enterprises is outpacing all other sectors, but the test of asset quality lies ahead

SBI, other public sector banks to raise $5.25 bn through QIPs in FY26

State-run banks, led by SBI, plan to raise ₹450 billion via QIP in FY26, with the government also targeting stake sales in multiple PSU banks by October

Govt banks step up efforts to bridge linguistic chasm with customers

State-owned banks are prioritizing local language skills in their hiring to improve customer service and reduce language barriers, with Bank of Baroda and SBI leading the way

FinMin directs public sector banks to evaluate board performance

"Independent third-party board evaluations are a widely accepted global practice, and India has only recently begun adopting them," remarked S. Krishnan