The highest percentage growth was recorded by Punjab National Bank, which earned a profit of Rs 1,255 crore against Rs 308 crore in the same quarter of the previous year, a growth of 307 per cent.
The wage revision for employees and officers of the public sector banks is due from November 1, 2022.
As per the analysis, gross NPAs reported by BoM and SBI were 3.40 per cent and 3.52 per cent of their total advances, respectively, in the second quarter.
Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.
Equity benchmark indices traded lower by over one per cent during early hours on Friday in line with weak global cues.
Bank Strike: If you have any important work at bank branches than on Wednesday then you'll have to wait for Thursday as operations across bank branches including State Bank of India (SBI) and ATMs will be affected across the country due to Bharat Bandh.
State-run banks on the exchanges traded on a weak note during the early trade on Tuesday after the government announced plans to merge 10 public sector banks into four.
In his latest Twitter intervention, the 63-year-old former Kingfisher Airlines boss made another reference to Prime Minister Narendra Modi's interview last month in which he had claimed that the government has recovered assets worth Rs 14,000 crores related to the now-defunct airline's loan defaults.
As it comes just three days ahead of the Budget 2019-20, the meeting assumes significance. The full-day meeting is likely to be attended by Reserve Bank of India Governor Shaktikanta Das.
The government and the Reserve Bank of India are inching forward to conclude a number of changes in the rules to cut-down the proportion of bad loans in the banking sector. This move is a prerequisite to kick-start the investment cycle and push the g
New Delhi: There is trouble in store for some senior officials of the state-run Syndicate Bank with the Central Bureau of Investigation (CBI) booking them on charges of fraud and cheating as part of their investigations
New Delhi: It seems that there is no end to the troubles of beleagured industrialist Vijay Mallya, after the ED's money laundering case and the halt on the payment of $75 million from U.K.-based Diageo
New Delhi: Employee unions of public sector banks today withdrew their strike call following an agreement with the management on 15 per cent wage hike.“In today's talks, wage revision settled at 15 per cent with
New Delhi: Government today scrapped the selection of six PSU bank heads during UPA tenure following a high-level panel finding irregularities in the process followed.The probe into the selections to banks like Bank of Baroda
New Delhi: Finance Minister P Chidambaram has said the Reserve Bank of India (RBI) is likely to issue a few bank licences notwithstanding the model code of conduct which came into force from Wednesday after
New Delhi: Worried over a further rise in bad loans, especially among large companies, Finance Minister P Chidambaram today exhorted PSU banks to effectively deal with non-performing assets (NPAs), their biggest challenge.Addressing a press conference
Mumbai: The benchmark Sensex today rose over 67 points to end near its record close on positive global cues and as investors started taking positions with just about a month left for the Lok Sabha
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