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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
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State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
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Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
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Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
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Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
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Robbers Loot Nearly Rs 6 lakh From Amritsar Bank: Police
Four robbers on Friday looted nearly Rs 6 lakh from a public sector bank's branch in a busy locality near Amritsar Mall, police said.
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Chinese Authorities Target NFTs After Crypto Assets, Warns Public About ‘Hidden’ Financial Risks
Three organisations have come together in China to focus on NFTs. These organisations are, the China Banking Association, the China Internet Finance Association, and the Securities Association of China. The group aims to shape up the NFT sector in a way to reduce the chances of them being used as tools to process illicit activities like money laund...
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Public Sector Bank Forced To Withdraw Navratri Dress-Code Order Amid Uproar
A public sector bank was forced to withdraw a dress code circular for its employees for the Navratri celebrations after a strong protest from the bank employees' union and censure on social media.
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Ensure Uninterrupted Tenure For Officers Probing Graft Complaints From Lokpal: Vigilance Body To Departments
Central Vigilance Commission has asked chief vigilance officers (CVOs) of central government organisations and public sector banks to ensure an uninterrupted tenure of minimum 4 months for officers conducting enquiry into graft complaints from Lokpal
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Centre "Privatising Profit, Nationalising Loss": Rahul Gandhi On Public Sector Bank Strike
Taking a dig at the government, Congress leader Rahul Gandhi today alleged that selling public sector banks to "cronies" will compromise the country's financial security.
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Key Services Hit As 2-Day Nationwide Bank Strike Begins: 10 Points
Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and "retrograde banking reforms". As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body...
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2-Day Nationwide Bank Strike From Today, Key Services Hit
The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks and retrograde banking reforms.
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Centre "Bleeding Dry" Public Sector Banks: P Chidambaram Rips Into Budget
Senior Congress leader and former finance minister P Chidambaram criticised the 2021 budget today on several counts, including special outlays for election-bound states and the measures announced for the Public Sector Banks or PSBs. "The intent of the government is clear -- to let the PSBs bleed slowly so that they can be privatized," he said.
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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
-
State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
-
Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
-
Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
-
Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
-
Robbers Loot Nearly Rs 6 lakh From Amritsar Bank: Police
Four robbers on Friday looted nearly Rs 6 lakh from a public sector bank's branch in a busy locality near Amritsar Mall, police said.
-
Chinese Authorities Target NFTs After Crypto Assets, Warns Public About ‘Hidden’ Financial Risks
Three organisations have come together in China to focus on NFTs. These organisations are, the China Banking Association, the China Internet Finance Association, and the Securities Association of China. The group aims to shape up the NFT sector in a way to reduce the chances of them being used as tools to process illicit activities like money laund...
-
Public Sector Bank Forced To Withdraw Navratri Dress-Code Order Amid Uproar
A public sector bank was forced to withdraw a dress code circular for its employees for the Navratri celebrations after a strong protest from the bank employees' union and censure on social media.
-
Ensure Uninterrupted Tenure For Officers Probing Graft Complaints From Lokpal: Vigilance Body To Departments
Central Vigilance Commission has asked chief vigilance officers (CVOs) of central government organisations and public sector banks to ensure an uninterrupted tenure of minimum 4 months for officers conducting enquiry into graft complaints from Lokpal
-
Centre "Privatising Profit, Nationalising Loss": Rahul Gandhi On Public Sector Bank Strike
Taking a dig at the government, Congress leader Rahul Gandhi today alleged that selling public sector banks to "cronies" will compromise the country's financial security.
-
Key Services Hit As 2-Day Nationwide Bank Strike Begins: 10 Points
Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and "retrograde banking reforms". As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body...
-
2-Day Nationwide Bank Strike From Today, Key Services Hit
The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks and retrograde banking reforms.
-
Centre "Bleeding Dry" Public Sector Banks: P Chidambaram Rips Into Budget
Senior Congress leader and former finance minister P Chidambaram criticised the 2021 budget today on several counts, including special outlays for election-bound states and the measures announced for the Public Sector Banks or PSBs. "The intent of the government is clear -- to let the PSBs bleed slowly so that they can be privatized," he said.
