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Tag: public sector banks

India to Merge 12 Public Banks Into 4 Mega Lenders for $5T Economy

Government plans banking consolidation to create world-class lenders capable of supporting India's growth. No layoffs or branch closures promised.

Veefin Appoints Sorabh Dhawan as CEO of PSB Xchange Platform

Sorabh Dhawan to lead PSB Xchange's digital transformation, bringing 18 years of banking expertise to enhance India's supply chain finance ecosystem.

Bank Holiday Today: Banks Closed in 21 States for Guru Nanak Jayanti

Check if banks are open in your state on November 5. Complete state-wise list of bank closures for Guru Nanak Jayanti and upcoming holidays.

India Set to Become 3rd Largest Global Economy, Says FM Sitharaman

Finance Minister announces India's rapid economic ascent from 10th to soon 3rd largest economy, with 25 million lifted from poverty and banking sector revival.

SBI Q2 Net Profit Jumps 10% to Rs 20,160 Crore, Asset Quality Improves

State Bank of India reports strong Q2 results with 10% profit growth and improved asset quality. Gross NPAs decline to 1.73% as India's largest lender shows robust performance.

RBI Data Shows Deposit Rates Rose in September After Months of Decline

Indian banks increased deposit rates for the first time since RBI's rate cut cycle began, signaling changing dynamics in credit-deposit growth patterns.

Canara Bank Q2 Profit Surges 19% to ₹4,774 Crore

Canara Bank reports strong Q2 FY26 results with 19% profit growth, improved asset quality, and 13.55% business expansion. Key financial metrics and future plans.

India May Double Foreign Investment Cap in PSU Banks to 49%

Government considers raising foreign investment limit in public sector banks from 20% to 49% to attract capital and boost banking sector growth.

Diwali Bank Holiday 2025: Banks Open in Most Cities on October 21

Check which banks are open or closed on Diwali 2025. Get complete state-wise holiday list and banking hours for October 21 across India.

Major PSU Bank Merger: 4 Banks May Merge With Larger Entities

Indian government plans major banking consolidation with 4 PSU banks potentially merging into larger banks to create stronger financial institutions.