Punjab & Sind Bank
NSE: PSB | Information Technology
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PSBs To Offer No-Frills Accounts To Youth Without Charges, FM Sitharaman Says
Sitharaman announced a month-long "Banking for Youth" campaign set to be launched by PSBs from October 2, catering to those aged 16 and above as well as young professionals.
Read Full Analysis โHigh-Powered Committee On Banking For Viksit Bharat To Be Announced This Month: FM Sitharaman
FM Sitharaman emphasized that once the committee's report is published, PSBs will be expected to pivot their strategies and move decisively in the direction of its recommendations.
Read Full Analysis โBanks Collect Rs 7,087 Crore For Not Maintaining Minimum Balance; HDFC Bank Tops List
Public sector banks (PSBs), for their part, collected Rs 2,137.92 crore for the same reason.
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The ATM story: Banks move to cash recyclers from just dispensers
More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.
Read Full Analysis โPrivate banks write off nearly half of NPAs in FY26, outpace PSBs
"Private banks utilise these write-offs and provisioning buffers to proactively clean up their balance sheets, while public sector banks generally rely more heavily on aggregate long-term or systemic recovery," said Kuntal Sur, partner and leader for risk consulting, financial services and treasury, at PwC India. "Unsecured retail loans in general have shown deteriorations leading to higher write-offs."
Read Full Analysis โPSBs raise term deposit rates to reclaim deposit market share
Public sector banks are boosting term deposit rates to reclaim lost market share, a move that contrasts with private banks lowering theirs. Facing a decade of decline, PSBs are prioritizing liabilities to compete, especially as credit growth outpaces deposit mobilization. This strategic shift aims to regain ground, even if it impacts short-term profits, highlighting a competitive necessity in the current banking landscape.
Read Full Analysis โAxis Bank, ICICI Bank, SBI, Federal Bank Among Anand Rathi's Top BFSI Bets โ Check List
The PSBs continued to gain market share in retail segment outgrowing ICICI Bank, HDFC Bank and Axis Bank for the seventh consecutive quarter.
Read Full Analysis โPalmer Square Capital BDC (PSBD)ย โ Among the Top 10 Dividend Stocks with 10%+ Yield
Palmer Square Capital BDC (PSBD)ย โ Among the Top 10 Dividend Stocks with 10%+ Yield
Read Full Analysis โWho Is Rajiv Kumar, The Architect Of Mega PSB Mergers Tapped To Helm HDFC Bank
Rajiv Kumar, the new part time Chairman at India's largest private sector lender.
Read Full Analysis โCBI Arrests Former CEOs Of RCFL, RHFL In Rs 7,623 Crore Bank Fraud
The CBI has registered seven FIRs against RCom, RHFL, RCFL and RTL based on complaints received from various PSBs.
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