Public Sector Bank

Bank of Baroda Q3 profit jumps four-fold to Rs 471 crore; total income increases to Rs 14,562.85 crore

Bank of Baroda had logged a net profit of Rs 111.78 crore in October-December 2017

Banking services partially hit on second day of strike; SBI, private banks operations remain unaffected

All India Bank Employees' Association and Bank Employees' Federation of India have supported the strike, which has impacted banking operation where these two unions are strong.

Syndicate Bank's Rs 10,253-cr agri loans turn NPAs in last five fiscals: RTI reply

Noida-based engineer and RTI activist Amit Gupta had sought to know from the bank the amount of agriculture loans given to farmers till 2018 and how much of that had turned NPAs till last year.

Non-food bank credit grows at 15.6% year-on-year at Rs 97.32 lakh crore, fastest pace since demonetisation

Adjusted non-food bank credit includes non-food bank credit and total non-statutory liquidity ratio (SLR) investments of banks in commercial papers, shares and bonds/debentures.

Bank of Maharashtra's Q4 standalone net loss narrows to Rs 113 cr; NPAs stand at Rs 18,433 cr

Bank of Maharashtra (BoM) on Friday reported narrowing of standalone net loss to Rs 113.51 crore for the quarter ended 31 March.

PNB fraud highlights inherent weaknesses in transparency standards in Indian banking system: S&P

S&P expects Indian banks to accelerate bad loan recognition of the weak loans in the next few quarters.

Banks Board Bureau head Vinod Rai wants greater dialogue with finance ministry; seeks more mandate

Vinod Rai, former CAG who now heads the Banks Board Bureau has said that most of BBB's recommendations have not received due attention from the government and it has been merely working as an appointment board since inception

PNB scam: Fraud should not halt corporate lending as it would demoralise public sector banks, says Assocham

The alleged Rs 11,300 crore fraud on state-run Punjab National Bank (PNB) committed by accused diamantaire Nirav Modi should not halt the entire system of corporate lending as demoralisation would set in among public sector bank (PSB) employees, industry body ASSOCHAM said

No question of closing down any public sector bank, says govt and RBI

Dismissing rumours, both the government and the Reserve Bank on Friday said there was no question of closure of any public sector bank

Maharashtra loan waiver scheme: Fearing delayed reimbursement, banks wary of using own capital

Learning a lesson from the farm loan waiver scheme in 2008, wherein the banks had to wait for three years before they were given back their capital used for the debt write-off, the public sector and private lenders are treading cautiously this time.