PSBs

The finance ministry has cautioned five of the 12 public sector banks (PSBs) about the risk of credit concentration and asked them to ensure a well-diversified credit portfolio to reduce exposure to any particular group or…

Worried over the low recovery rate from written-off accounts, the Finance Ministry has asked state-owned lenders to increase it to about 40 per cent, sources said. Currently, the recovery rate from written-off accounts…

The banking sector is likely to post good numbers in the fourth quarter ended March 2023, and the total profit of public sector banks (PSBs) is expected to touch a record high of Rs 1 lakh crore in FY23, aided by the decline in bad…

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The group had a gross debt of ₹1.88 lakh crore in March 2022 and net debt of ₹1.61 lakh crore after considering the cash balance The group had a gross debt of ₹1.88 lakh crore in March 2022 and net debt of ₹1.61 lakh crore after…

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Finance Minister Nirmala Sitharaman directed all public sector banks (PSBs) to onboard the…