PSU Banks Pay ₹6,481 Crore Dividend to Government for FY 2023-24 In the financial year 2023-24, Public Sector Undertaking (PSU) banks have contributed significantly to the government’s revenue by paying a substantial dividend amounting to ₹6,481 crore. This financial contribution highlights the robust performance and profitability of PSU banks, marking an essential development in the…
Bank of Maharashtra Leads PSU Banks in FY24 Business Growth Impressive Growth Figures The Bank of Maharashtra has outperformed its peers in the public sector undertaking (PSU) banking sector, achieving the highest business growth in the financial year 2023-24. The bank reported a remarkable increase in its total business, which includes both deposits and advances….
RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as the Whole Time Director of IDFC FIRST Bank. This significant development comes as the bank continues to bolster its leadership team, aiming for enhanced growth and performance. Appointment…
SBI’s Q4 Report Highlights Strong Performance and Improved Asset Quality In a significant revelation, the State Bank of India (SBI) recently released its Q4 report, showcasing robust performance and notable improvements in asset quality. The report underscores SBI’s resilience amidst challenging economic conditions, affirming its position as a key player in the financial sector. Let’s…
ICICI Bank Joins India’s Top 5 Companies with Market Cap Surpassing Rs 8 Trillion ICICI Bank, one of India’s leading private sector banks, has achieved a significant milestone by entering the league of the country’s top five companies based on market capitalization. With its market capitalization soaring past Rs 8 trillion, ICICI Bank now stands…
SBI Presents Record-Breaking Dividend Cheque of Rs. 5,740 Crore to Finance Minister SBI Presents Record-Breaking Dividend | The State Bank of India (SBI), the country’s largest public sector bank, recently presented a historic dividend cheque of Rs. 5,740 crore to the Finance Minister. This achievement highlights the bank’s robust financial performance and its contribution to…
