public sector banks
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PM Jan Dhan Yojana sees record ₹50,000 crore surge in balance
PMJDY records highest-ever surge of ₹50,000 crores in account balance The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme has achieved a significant milestone in the financial year ending March 31, 2023. The basic bank accounts under the scheme have registered...
Published On April 10th, 2023 -
Public sector banks transfer Rs 35,012 crore unclaimed deposits to RBI
Several public sector banks in India have transferred a total of Rs 35,012 crore ($4.7 billion) in unclaimed deposits to the Reserve Bank of India (RBI). The move comes as part of an effort to reduce the amount of unclaimed...
Published On April 6th, 2023 -
Bank credit growth slowed to 16.8% in third quarter: RBI
Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. This compares with 17.2% seen in the previous quarter, according to the quarterly statistics on bank deposits and credit, released by...
Published On March 1st, 2023 -
After 7 years, banks’ balance sheets growing by double digits- RBI report
Banks' balance sheet growing in double digits after 7 years The Reserve Bank of India (RBI) stated in its annual report on trend and progress of banking in India that the health of Indian banks continued to improve in 2021–2022...
Published On December 29th, 2022 -
Bank frauds over 50% in Public Sector Banks according to RBI data
Bank frauds over 50% in Public Sector Banks According to an RBI report, public sector banks (PSBs) accounted for the majority of frauds reported in 2018–19, with 55.4% of the cases reported and 90% of the money involved. This is...
Published On December 28th, 2022 -
Govt Raises Maximum Tenure of PSU Banks’ CEO to 10 Years
Government has decided to provide longer tenure to Managing Director and other whole-time directors of the public sector banks. Now the appointment can be made initially for up to 5 years, which can be extended for the 5 more years....
Published On November 19th, 2022
