New Delhi, May 14 (IANS) The Central Bureau of Investigation (CBI) on Thursday said it has conducted searches at seven premises in connection with a case registered against Reliance Communications Ltd., one of the Reliance ADA Group companies.These premises were spread across Mumbai, Gurugram, and Bengaluru, the Bureau said in a statement.“The searches were conducted at the residential premises of the then CEO, CFO and Directors of the company who served during the period 2015–2017. The sear…
Latest Public Sector Banks News & Updates
New Delhi, May 12 (IANS) The net profit of public sector banks recorded a robust 11.1 per cent increase to scale an all-time high of Rs 1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitability as reforms and strengthened governance practices have reinforced healthier balance sheets, enhanced operational resilience, and strong capital adequacy, the Finance Ministry said on Tuesday.Improved asset quality, healthy credit expansion and higher income contributed to improved …
Mumbai, May 9 (IANS) The Central Bureau of Investigation (CBI) on Saturday said it has conducted searches at 17 premises in Mumbai in connection with three cases registered against Anil Ambani-led Reliance ADA Group companies — Reliance Telecom Ltd, Reliance Commercial Finance Ltd, Reliance Home Finance Ltd and their Directors.According to a CBI statement, these searches are “being conducted at the residential premises of Directors of the above-mentioned companies as well as at the office pre…
New Delhi, April 30 (IANS) As many as 50,552 candidates have been selected and issued offer letters to work for public sector banks during FY 2025-26, representing a 33 per cent jump over the corresponding figure of 37,860 in FY 2024–25, the Finance Ministry said on Thursday.The sharp rise in recruitment builds on the trend observed in preceding years, with 30,827 new entrants joining public sector banks in FY 2023–24. The figures for the last three years reflect a clear and sustained year-o…
New Delhi, April 20 (IANS) The Central Bureau of Investigation (CBI) has arrested two senior executives of Anil Ambani-controlled Reliance Communications (RCom), D. Vishwanath and Anil Kalya, in connection with the Rs 19,694 crore bank fraud case registered against the company, according to an agency statement on Monday.The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown others on the complaint of State Bank of India (SBI), on the allegations…
New Delhi, April 19 (IANS) India’s banking sector remained resilient, supported by improved asset quality, strengthening capital buffers, robust retail and SME credit momentum, and early signs of revival in private capital expenditure, a survey showed on Sunday.The survey from FICCI and Indian Bank Association (IBA) said the banking sector maintains a broadly constructive outlook on credit growth over the near term, supported by improving balance sheets, steady economic activity, and sustained…
New Delhi, April 14 (IANS) Gold loans in India have expanded fourfold over the past three years, with the average ticket size nearly doubling to nearly Rs 2 lakh, indicating a sharp rise in borrower demand and growing acceptance of gold-backed credit, a report showed on Tuesday.According to a report by TransUnion CIBIL, gold loan balances have grown nearly four times since March 2022, with their share in India’s retail credit portfolio rising from 5.9 per cent to around 11 per cent by December…
New Delhi, April 9 (IANS) Despite mounting risks from rising crude, a weaker rupee, India’s growth momentum continues to remain robust, with Q3 GDP expanding by 7.8 per cent and full-year FY26 growth projected at 7.6 per cent, healthy private consumption growth and manufacturing push, a report said on Thursday.The recent market corrections created a favourable valuation backdrop, with the Nifty trading at a 5.6 per cent discount to its five-year average PE, enhancing the medium-term risk-rewar…
New Delhi, April 2 (IANS) India’s systemic credit growth stood at 13.8 per cent (as of March 15), supported by liquidity buffers and a consumption‑led recovery after GST cuts, a report said on Thursday.The report from Motilal Oswal Financial Services said banks have room to further expand their credit‑to‑deposit (CD) ratios as deposit growth remained stable at 10.8 per cent while the CD ratio climbed to 83 per cent with faster credit growth.”With competition for deposits remaining intens…
New Delhi, March 24 (IANS) The government has stepped up efforts to help citizens reclaim over Rs 73,000 crore lying unclaimed across banks, insurance companies and mutual funds, with regulators rolling out simplified claim processes, digital tracking platforms and nationwide awareness drives, the Parliament was informed on Tuesday.Minister of State for Finance Pankaj Chaudhary said in Rajya Sabha that unclaimed deposits with public sector banks have crossed Rs 60,500 crore, while regulators are…