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TREND | 10 Dec 2024, 12:01AM

Public Sector Banks Write Off Rs 42,000 Crore In Loans In First Half Of Current Fiscal

NDTV Profit

The loans written off by public sector banks during April-September of the current fiscal stood at Rs 42,035 crore, while recovery of Rs 37,253 crore was made.

PSU

TREND | 08 Dec 2024, 05:13PM

EESL, Andhra Pradesh launch 3 programmes to boost energy efficiency

Business Standard

The Government of Andhra Pradesh in collaboration with state-owned Energy Efficiency Services Ltd (EESL) has launched three transformative programmes to drive energy efficiency, environmental sustainability, and economic empowerment across the state, according to a statement. The EESL is a joint venture of PSUs under the Ministry of Power. The first programme launched, the URJAVEER, developed by EESL, aims to empower 1 lakh individuals in Andhra as "Urjaveers" ambassadors for energy efficiency who promote appliances available on EESLmart.in through affiliate-based marketing, EESL said in the statement. Under this programme, any Indian citizen aged 18 and above can register on the Urjaveer platform, complete a short skill training on energy efficiency, and promote products like BEE 5-star LED bulbs, BLDC fans, air conditioners, and induction cooktops using unique QR codes. The second initiative focuses on the distribution of energy-efficient appliances to economically vulnerable ..

PSU

TREND | 07 Dec 2024

Govt to launch 'Prashasan Gaon Ki Ore' campaign to improve service delivery

Business Standard

The Centre will launch "Prashasan Gaon Ki Ore", a nation-wide campaign to redress public grievances and improve service delivery, during the good governance week from December 19 to 24, an official statement said on Saturday. In this campaign, over 700 district collectors will be participating and officials will be visiting tehsils and panchayat samiti headquarters, it said. Prashasan Gaon Ki Ore is a decentralised version of special campaign 4.0 conducted in central ministries and departments and public sector undertakings (PSUs) from October 2 to 31, 2024. This is the third time that the government of India will be conducting a national campaign at the tehsil level to address public grievances and improve service delivery, the personnel ministry statement said. The campaign will create a national movement for good governance that will inspire future generations, it added. The preparatory phase of the good governance week 2024 will start from December 11-18. To launch the progra

PSU

TREND | 05 Dec 2024

Enduring slow growth? Consumption funds promise strong long-term returns

Business Standard

Over the past year, consumption funds yielded returns of 28.6 per cent, lower than PSU (46.4 per cent), pharma (42 per cent), infrastructure (39.1 per cent), and technology (37.8 per cent)

PSU

TREND | 03 Dec 2024

Public Sector Banks Safe, Stable; Earn Rs 85,520 Crore Profit: Sitharaman

NDTV Profit

Total bank branches of scheduled commercial banks have increased by 3,792 in a year to reach 16,55,001 in September 2024.

PSU

TREND | 03 Dec 2024

Government's Equity Infusion In PSUs Sees 108% Growth Over Five Years

NDTV Profit

The Centre infused a total of Rs 3.52 lakh crore in central PSUs in fiscal 2023, as compared to Rs 1.69 lakh crore in fiscal 2018.

PSU

TREND | 03 Dec 2024

Govt not considering PSU bank mergers: MoS Finance Pankaj Chaudhary

Business Standard

The government is not considering merger of public sector banks, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In a written reply to a question in the Rajya Sabha, he said several steps have been taken by the government to strengthen the financial condition of public sector banks (PSBs). Chaudhary said the reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress. To a question on whether the merger of public sector banks is being considered, Chaudhary replied: "No sir". Chaudhary further said PSU banks have shown improvement in their capital adequacy ratio and gross non-performing assets position post-merger. "The merger has helped in improved synergies, economies of scale, better technology integration and the same has resulted in uniform improvement across all key financial parameters," Chaudhary added. In the biggest consolidation exe

PSU

TREND | 03 Dec 2024

Motilal Oswal Reiterates 'Buy' On Indian Bank On Reasonable Valuations

NDTV Profit

Stocks to Buy: Indian Bank remains Motilal Oswal's preferred stock among the mid-size PSU banks.

PSU

TREND | 30 Nov 2024

HDFC, Kotak & IndusInd: Will the private bank triumvirate regain their power?

Business Line

TABLES TURNED.These stocks are facing competition from attractively valued Public Sector Banks that have improved their financials

PSU

TREND | 27 Nov 2024

Here's why this PSU bank share was up 3% on November 27; details inside

Business Standard

The up move in Indian Overseas Bank scrip came after the company announced that it has received tax refunds of Rs 1,238.31 crore from the Income Tax Department (I-T Department)