Public Sector Banks: Latest News and Updates, Top Stories, Videos, Photos About Public Sector Banks

Bank Holidays Gudi Padwa, EID, Biju, Ugadi 2024: Banks Will Be Closed For Five Days This Week; City-Wise List!

Banks are in for a very-long weekend, to be precisely a long-list of five days holiday starting from April 9. However, these bank holidays vary from city to city. If you're planning to visit your bank's branch, you might want to ...

Landmark Wage Hike: IBA and Bank Unions Seal 17% Annual Pay Increase

The Indian Banks Association (IBA) and bank employee unions have reached an agreement on an annual wage hike of 17%, benefiting around 8 lakh bank employees. The revised pay scales will be effective from November 2022, with additional benefits like recognizing all Saturdays as holidays and encashed accumulated privilege leave....

Public Sector Banks Get Rs 15,183 Cr Following ED Action Under PMLA: FM

The Enforcement Directorate (ED) has confiscated assets worth Rs 15,186.64 crore under the stringent prevention of money laundering law and almost all of these have been restituted to public sector banks, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. ...

Rs 15,113 Crore Recovered From Fugitive Economic Offenders: Govt

In a latest development, the government has informed that nearly Rs 15,113 crore have been recovered so far from people accused under Fugitive Economic Offenders Act including economic offenders like Nirav Modi, Vijay Mallya, and Chetan Jayantilal Sandesara, among others. The ...

Post Office Scheme: This Scheme Offers Higher Interest Rates Compared To Top 3 PSBs

The interest rate on FD including savings accounts is on rising after the RBI hiked the repo rate for the second time this Financial Year. Despite recent hikes in Fixed Deposit interest rates by major banks including private sector banks, this ...

Banks Need, To Adopt Customer-Centric Approach: FM

Finance Minister Nirmala Sitharaman on Wednesday said banks need to adopt customer-centric approach by understanding their needs and expectations. After the soft launch of Enhanced Access and Service Excellence-EASE 5.0, the minister said technology initiatives and robust security mechanisms should be ...

Transfer Vigilance Unit Officers Who Have Completed Minimum Tenure: CVC To Government Depts, Banks

The Central Vigilance Commission has asked central government departments and public sector banks to transfer by June this year officers who have completed the minimum tenure in their vigilance departments. In an order, the anti-corruption watchdog said the initial ...

Public Sector Banks In Focus After Vijay Mallya Declared Bankrupt In UK Court; SBI Up Over 2%

Indian indices are still 0.8% away from all time highs hit on the Nifty of 15,962.25, though positive global cues have seen the markets trade with a positive bias in today's trade. Broader markets are outperforming with momentum seen in the ...

Nifty PSU Bank Recoup's Previous Day's Losses; IOB, Central Bank Gain UpTo 20%: Here's Why

After opening weak, Indian benchmark indices towards the afternoon session recouped all of the early morning losses and traded flat with a negative bias. Nifty was last trading down by 16 odd points at 15667. Bank Nifty traded higher and broader ...

Nifty PSU Bank Surges Over 5% Led By Gains In PNB, Union Bank

After starting firm, Indian benchmark indices have erased most gains and are trading almost flat. Sectorally, Nifty PSU Bank has been buzzing in trade with gains of over 5 percent. The gains in the pack are led by gains ...

Banks Gain After RBI Caps Dividend Payment For FY21

Amid broad based buying, PSU Banks led the marginal rise on the indices. The rally in the PSU Bank, Nifty Bank, private bank was also fuelled after the RBI views dividend declaration norms for financial year 2021 amid Covid 19 ...

Bank Strike To Protest Privatization Of PSBs: Check The Dates

As in the Union Budget 2021, the Finance Minister Nirmala Sitharaman announced privatization of two more PSBs, PSB employees have said that they might observe two days' strike in March as a result banking services shall be disrupted. The proposal for ...

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