Public Sector Banks (PSBs) have been at the forefront of new developments concerning the Indian banking and financial services sector in recent times. With the cut in repo rates, subsequent changes in home loan rates and mergers on the anvil, PSBs have their hands full. Now, in a latest development, loans are being sanctioned by […]
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Understanding “PSB Loans in 59 minutes”
Retail borrowers, prior to the festive season, will be able to avail an in- principal approval for the home loans from Public Sector Banks in less than an hour. This facility will start from September on the online portal “PSB Loans in 59 minutes” and it will offer in- principal approval for retail loans. This […]
What India’s public sector banks got in the Union Budget 2019?
Public sector banks in India received a much-needed boost after the Union Budget 2019 was announced. The Finance Minister Nirmala Sitharaman announced a capital infusion of Rs 70,000 crore is an effort to boost credit and the banks are hopeful they will be able to put the funds to some good use and liven up […]
Major relief on the cards for banking sector in upcoming Union Budget
Jo dar gaya so mar gaya is a refrain that has been made iconic, first through Bollywood and then through the innumerable reiterations and inspiring-cum-funny usage over the years. However, this could well be the favorite refrain for Indian bankers going through the storm that the sector has been weathering for the last couple of […]
Government may boost banking sector with capital infusion of Rs. 30,000 crore for PSBs
Public sector banks or PSBs have been facing somewhat choppy waters in recent years due to a mix of several reasons right from long-standing NPAs and over-exposure to stressed assets to non-performance. The Indian Government has been attempting to salvage the situation in collaboration with the Reserve Bank of India (RBI) which is the apex […]
