Tag: PSU Banks

Finance Ministry asks PSU banks to take steps to meet loan targets for agri-allied sector
Posted in Economy

Finance Ministry asks PSU banks to take steps to meet loan targets for agri-allied sector

The finance ministry has asked public sector banks (PSBs) to meet loan targets for the agri-allied sector during the current financial year. Department of Financial…

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SBI had raised its MCLR previously by up to 30 basis points in some tenors since June 2024. (HT)
Posted in Business

SBI hikes lending rates by 10 bps across tenors, effective from August 15

Aug 15, 2024 02:52 PM IST SBI’s MCLR for a three-year tenor is now 9.10%, compared to 9% earlier, while overnight MCLR is now 8.20%,…

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bhagwat karad: Unclaimed deposits of Rs 35,012 crore with PSU banks transferred to RBI: MoS Finance Bhagwat Karad
Posted in Economy

bhagwat karad: Unclaimed deposits of Rs 35,012 crore with PSU banks transferred to RBI: MoS Finance Bhagwat Karad

About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits…

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Posted in Finance

PSU Banks FD Rates: PSU banks now offer inflation-beating FD rates

Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot,…

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