June 16, 2024 10:56 (IST)
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After his 'Lord Ram' taunt on BJP creates uproar, RSS leader makes a U-turn | NDA govt formed by mistake, can fall anytime: Congress chief Mallikarjun Kharge's claim | PM Modi returns to India after 'successful completion of G7 Outreach Summit' in Italy | Delhi LG approves prosecution of Arundhati Roy, Sheikh Showkat Hussain in 2010 provocative speech case | BS Yediyurappa, accused of harassing minor, can't be arrested till next hearing: Karnataka HC

CBI raids 67 locations in connection with Rs 820 Cr suspicious IMPS transactions in UCO Bank accounts

New Delhi: The Central Bureau of Investigation (CBI) on Thursday conducted raids at 67 locations in connection with suspicious IMPS transactions amounting to about Rs 820 crore in multiple UCO Bank accounts.

Deposits and advances of PSBs grew by 15.8% in FY23

New Delhi: The growth of deposits and advances of PSBs has improved from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23.

UCO Bank posts highest ever annual net profit of Rs 1862.34 cr for FY23

Mumbai/IBNS: Public sector lender UCO Bank on Tuesday posted the highest ever annual net profit of Rs 1862.34 crore for the year FY23, a y-o-y growth of 100.30% against Rs 929.76 crore for FY22.

Bill amending public sector banks may allow govt complete exit: Report

New Delhi: The government may table a bill to amend the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to facilitate the privatisation of state-run banks in the upcoming session of parliament, media reports said.

Public sector banks to pay record Rs7,867 crore dividends to govt this year

New Delhi: State-run banks will give the government a whopping Rs7,867 crore in dividends this year, indicating better profitability and capital position, mainly due to falling stock of non-performing assets, media reports said.

FM Sitharaman to hold meeting with PSB heads

New Delhi: ​Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) on April 23 to review the performance of banks and the progress made by them on the various government schemes.

Ten PSBs to merge, form 4 banks from April 1

New Delhi/UNI: Six public sector banks will go down in the pages of history with effect from April 1 after ten PSBs merge into four from April 1, 2020 to help meet the needs of the growing economy and create large banks globally.

Cabinet recommends amalgamation of 10 PSBs into 4 from Apr 1

New Delhi/UNI: The Union Cabinet on Wednesday approved the mega consolidation of 10 PSBs into four.

Nirmala Sitharaman assures Public Sector Banks in good health, have enough liquidity

New Delhi: Union Finance Minister Nirmala Sitharaman on Monday said that the process of mega merger Public Sector Banks  “is going on smoothly” and progressing in the right direction.