The PSB Confluence opened its two-day run with a packed first day. The Department of Financial Services (DFS), Ministry of Finance, organised the event. Senior leadership from Public Sector Banks (PSBs) and Public Financial Institutions (PFIs) attended. Government officials and domain experts joined the discussions. The PSB Confluence focused on emerging opportunities and strategic priorities […]
The Finance Ministry is set to hold a review meeting with public sector banks to assess the impact of the US 50% tariff hike on the micro, small, and medium enterprises (MSME) sector and assess their credit requirements. The meeting, chaired by Department of Financial Services Secretary M Nagaraju, aims to understand how external trade […]
New Delhi, July 2 (IANS) The State Bank of India (SBI) currently adds 1.1 per cent of global GDP and 16 per cent of India’s GDP, the nation’s largest bank said on Tuesday, adding that in all the government-sponsored social security schemes implementation, the bank now holds more than 25 per cent share. In the Pradhan […]
New Delhi, June 28 (IANS) The total business of public sector banks has surged from Rs 203 lakh crore in FY 2022–23 to Rs 251 lakh crore in FY 2024–25 while the net non-performing assets (NPAs) have declined from 1.24 per cent to 0.52 per cent during this period, Finance Minister Nirmala Sitharaman was informed at […]
