Nifty Bank Hits Record High 59,264, PSU Banks Rally
Nifty Bank index surged to a record high of 59,264, crossing 59,200 for the first time. PSU banks outperformed, but analysts see private banks leading next growth phase. Read analysis.
Category : Search result: public sector banks closed
SBI crosses ₹9 trillion market cap, shares trade flat
State Bank of India becomes first PSU bank to hit ₹9 trillion market capitalization. Stock trades flat after reaching lifetime high of ₹976.80. Analysts divided on near-term prospects.
PSU Bank Stocks Surge 4% Amid Merger Strategy Reports
Shares of Central Bank, UCO Bank, Punjab & Sind Bank jumped up to 4% as Finance Ministry drafts consolidation roadmap for public sector banks. Expected announcement in April-May.
SBI Chairman Backs New Wave of Bank Mergers in India
SBI Chairman Dinesh Khara supports further bank consolidation in India, citing improved efficiency and stronger balance sheets. Learn how this could reshape banking.
World Bank, IMF Find Regulatory Gaps in India Finance
World Bank-IMF report reveals critical regulatory gaps in India's financial sector, highlighting limited RBI powers and differential treatment of public vs private institutions.
Public Sector Banks Show Strong H1 FY26 Performance
Public sector banks reported robust ₹93,675 crore net profit in H1 FY26 with NPA ratio falling to 2.30%. Finance ministry reviews digital transformation and government schemes progress.
Govt directs PSBs to ramp up MSME, agriculture lending
Finance Ministry urges public sector banks to increase credit flow to MSMEs and agriculture while maintaining strong risk management and digital expansion. Key initiatives reviewed.
India's banking expansion: Size isn't everything
India aims to create global banking giants, but experts warn size alone doesn't ensure better outcomes. Learn why commercial logic should drive mergers, not policy mandates.
Cooperative Banks Coming to All Cities Over 2 Lakh Population
Union Home Minister Amit Shah announces cooperative banks for all cities with 2+ lakh population. Plan aims to strengthen financial inclusion & cooperative sector. Read details.
NUCFDC to seek SRO status from RBI by January
National Urban Cooperative Finance Corporation plans to apply for Self-Regulatory Organisation status from RBI by early January after crossing ₹300 crore capital threshold, enabling new financial services for cooperative banks.
RBI Current Account Rules Divide Private and Public Banks
RBI's new current account restrictions for large borrowers create division between private and public sector banks. Private banks fear losing cheap funds while PSBs stand to gain. Read full analysis.
RBI's Calculated Courage: Banking Norms Eased for Growth
Exclusive insights from RBI's Malhotra on the careful balance between caution and courage that led to relaxed infrastructure lending norms for banks. Discover how this strategic shift impacts India's economic growth.
India Needs Multiple World-Class Banks: FM
Finance Minister Nirmala Sitharaman pushes for banking sector transformation, emphasizing India's need for multiple large, world-class banks to support its expanding economy and compete globally.
Sitharaman Unveils Banking Reforms & AI Regulation
Finance Minister Nirmala Sitharaman announces transformative banking reforms, AI regulation framework, and GST simplification to fuel India's economic growth at SBI Conclave.
India Needs World-Class Banks: FM Sitharaman
Finance Minister Nirmala Sitharaman announces strategic discussions with RBI and banks to create large-scale, globally competitive Indian banking institutions that can drive economic growth.
Bank Unions Oppose FM's Privatisation Remarks
Indian banking unions strongly oppose FM Nirmala Sitharaman's privatisation remarks, demand strengthening of public sector banks instead. Latest updates on the banking sector debate.
PSU Banks Record ₹49,456 Cr Profit in Q2
India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.
Indian Stock Markets Closed Today for Guru Nanak Jayanti
All major Indian stock exchanges including BSE and NSE remain shut today, November 24, 2025, to observe Guru Nanak Jayanti. Discover how this affects your trading week and when markets resume.
George Banks, 1982 Wilkes-Barre Massacre Killer, Dies at 83
George Banks, the perpetrator of one of Pennsylvania's deadliest mass shootings in 1982 that claimed 13 lives including his own children, has died in prison at age 83. Explore the haunting details of the Wilkes-Barre massacre that continues to echo throug
Indian Banks: Extended Margin Squeeze Ahead
Despite recent profitability, Indian banks confront sustained pressure on net interest margins as deposit costs rise and credit growth slows. Experts warn the worst may not be over yet.
Indian Banks Sell G-Secs Amid Liquidity Crunch
Indian banks are offloading government securities worth billions to address worsening liquidity conditions and meet surging credit demand as deposit growth lags significantly behind.
Bank Unions Oppose Public Sector Bank Mergers
Indian banking unions unite against proposed consolidation of Union Bank, Indian Overseas Bank, and other public sector banks, citing job security and service quality concerns.
PSU Bank Stocks Rally Up to 3% on Merger Buzz
Bank of Baroda, Bank of India lead PSU bank rally amid government's consolidation push. Investors cheer potential merger of smaller state-owned lenders as stocks hit new highs.
Amit Shah: Closed Sugar Mills in Bihar to Reopen Soon
Union Home Minister Amit Shah announces major revival plan for Bihar's sugar industry, bringing hope to farmers and boosting state's economy with renewed operations.
November 2023 Stock Market Holidays: BSE, NSE Closed Dates
Mark your calendars! Here's the complete list of stock market holidays in November 2023 when BSE and NSE will remain closed for trading. Don't miss these crucial dates for your investment planning.
November 2025 Bank Holidays: 5 Closure Dates
Planning financial transactions in November 2025? Get the complete list of bank holidays across India. Know when banks will be closed for festivals and weekends to avoid inconvenience.
Bank Holiday Oct 31: Which City Affected?
Planning bank work on October 31st? Check this essential guide to know which Indian city has declared a bank holiday and avoid unnecessary trips to closed branches.
Canara Bank Q2 Profit Rises 19% to ₹4,774 Crore
Canara Bank reports robust Q2 FY24 performance with 19% profit growth and improved asset quality, though net interest income sees marginal decline. Key highlights and analysis inside.
LIC Stake Sale: Govt Eyes $1.5B Divestment by Dec
Indian government plans strategic divestment of LIC stake worth up to $1.5 billion by December 2024. SEBI's minimum public shareholding norm drives this major financial move.
Cyclone Mocha: Schools Closed in Odisha, Andhra
Severe Cyclone Mocha triggers emergency response across coastal Odisha and Andhra Pradesh. Get latest updates on school closures, safety advisories, and government preparations as the storm intensifies.
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