SBI Global Trade Centres launched in Kolkata and Hyderabad to mark its 70th anniversary, introducing AI and blockchain to boost trade finance operations and support India’s economic growth. SBI Launches Global Trade Finance Centres in Kolkata & Hyderabad State Bank of India (SBI), marking seven decades since its inception, has inaugurated two Global Trade Finance…
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…
Moody’s Maintains Stable Outlook on Three Indian PSU Banks’ Ratings Moody’s, a globally renowned credit rating agency, has recently affirmed the stable outlook on the ratings of three prominent Indian Public Sector Undertaking (PSU) banks. This decision reflects the agency’s confidence in the resilience and stability of these banks despite the challenging economic environment. 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….
