Finance Ministry asks public sector banks to examine and enhance cybersecurity
Nov 20, 2023, at 12:02 am
New Delhi: The Finance Ministry has asked state-owned banks to reassess their digital operations in light of the recent UCO Bank incident, media reports said.
Bank of Baroda Q1FY24 net profit soars 88% YoY to Rs 4,070 crore; NII grows 24%
Aug 06, 2023, at 07:48 am
Public sector lender Bank of Baroda (BOB) on Saturday reported a standalone net profit of Rs 4,070 crore in Q1FY24, up 87.7 year-on-year compared to Rs 2,168 crore in the same quarter of the previous fiscal year.
Deposits and advances of PSBs grew by 15.8% in FY23
Aug 02, 2023, at 05:30 am
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.
May 18, 2023, at 09:45 pm
Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.
Bank of Baroda: Centre appoints Debadatta Chand as MD & CEO
Apr 30, 2023, at 08:51 pm
New Delhi/IBNS: The Centre has appointed Debadatta Chand as the company's Managing Director (MD) and Chief Executive Officer (CEO), Bank of Baroda said on Saturday.
Public sector banks to pay record Rs7,867 crore dividends to govt this year
May 27, 2022, at 11:50 pm
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.
Union Bank becomes India’s fifth largest public sector bank
Apr 03, 2020, at 05:20 pm
Hyderabad/UNI: Union Bank of India, erstwhile 97-year-old Andhra Bank and erstwhile Corporation Bank were now one bank.
Aug 23, 2017, at 11:28 pm
New Delhi, Aug 23 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM).