Public Sector Banks
Latest news, explainers and analysis on Public Sector Banks. Tracking 6 stories on Arth Vani.
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Latest on Public Sector Banks
Finance Ministry Gives No Commitment on Five-Day Bank Work Week, Report Says
The Union Finance Ministry has reportedly not committed to the long-standing demand from bank unions for a five-day work week. This development comes from a report by The Hindu, indicating continued uncertainty for public sector bank employees.
FinMin Asks PSB Chiefs to Mitigate Impact of Proposed 3-Day Bank Strike
The Indian Finance Ministry has instructed chiefs of Public Sector Banks (PSBs) to take measures aimed at minimizing the disruption from a proposed three-day bank strike. This directive comes as a preventive step to ensure essential banking services remain accessible to customers during the potential industrial action.
Bank of Maharashtra, Canara Bank Eye Dollar Debt Issuance This Month
Public sector lenders Bank of Maharashtra and Canara Bank are reportedly planning to raise funds by issuing dollar-denominated debt in global markets this month. This move aims to diversify their funding sources and tap into international investor pools for capital.
BreakingPSBs May Soon Fund Entire Farm Value Chains, Shifting From Individual Farmer Loans
Public sector banks (PSBs) in India may soon pivot from lending solely to individual farmers towards financing entire agricultural value chains. This proposed government initiative aims to create a cluster-based lending model, linking farmers and FPOs with processors, storage, and logistics businesses for specific district products.
Public Sector Banks Borrow More as Deposits Lag Behind Loan Demand
Public sector banks (PSBs) are increasingly relying on borrowing to meet the rising demand for loans because their customer deposits are not growing at the same pace. This trend highlights a potential challenge for state-owned lenders in sustaining their funding, although current high liquidity in the financial system is helping to manage the immediate impact. Meanwhile, private sector banks are showing stronger deposit growth, allowing them to expand their lending more easily.
Public Banks Resell ₹39,000 Cr Bad Loans, 80% Are Repeat Attempts
Indian public sector banks are attempting to sell a substantial ₹39,000 crore worth of bad loans, with an overwhelming 80% of this amount being assets that failed to find buyers in previous attempts. This highlights persistent challenges in the banking sector, especially for large, legacy corporate accounts.
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