Latest news with #PublicSectorBanks
Indian Express
01-08-2025
- Business
- Indian Express
IBPS Clerk 2025 XV Registration: Application begins at ibps.in
IBPS Clerk 2025 Registration Starts Today At The Institute of Banking Personnel Selection (IBPS) has commenced the online registration for the IBPS Clerk Recruitment 2025 under CRP-CSA XV. The IBPS Clerk application period starts from August 1 to August 21, 2025, and candidates are required to submit their applications via the official website, This recruitment drive is aimed at filling clerical positions in 11 public sector banks through a two-phase selection process that includes a Preliminary Exam in October, followed by a Main Exam in November. Applicants must ensure all necessary documents are uploaded in the designated digital format on the IBPS portal to complete their submission. To be eligible for the IBPS Clerk Recruitment 2025, candidates must meet certain criteria set by the Institute. Applicants should possess a Bachelor's degree in any discipline from a recognised university. As of August 1, 2025, their age must fall between 20 and 28 years, with age relaxation available for individuals belonging to reserved categories as per government norms. In addition, candidates are required to have proficiency in the official language of the state or Union Territory they intend to apply for. Step 1: Visit the official IBPS website and click on the 'CRP-Clerks XV' link Step 2: Register as a new user to generate your unique Registration Number and Password Step 3: Log in using your credentials and fill in personal, educational, and preference details Step 4: Upload the required documents in the specified digital format Step 5: Pay the application fee through the online payment gateway Step 6: Submit the completed application form Step 7: Download and save the confirmation page for future reference Recruitment for clerical positions in Public Sector Banks is conducted on a State/UT basis, meaning candidates can apply for vacancies in only one State or Union Territory. The results of the preliminary exam are expected in October or November 2025, with provisional allotment of selected candidates planned for March 2026. As a result, candidates must take the online examination at one of the centres located in their selected State/UT. However, based on factors such as the number of applicants and administrative considerations, candidates may be assigned to an examination centre outside the chosen State/UT for which they are applying.
Mint
07-07-2025
- Business
- Mint
Public sector banks may scrap minimum balance fines: These PSU banks have waived the penalty
Public Sector Banks (PSBs) are in discussions with the Ministry of Finance to reconsider their stance of mandating customers to maintain a minimum balance in their savings deposit accounts amid the falling share of CASA deposits in the banks, reported the news portal Times of India on Monday, 7 July 2025. According to the news portal's report, the CASA or Current Account Savings Account deposits are declining in their share amongst the total deposits in the PSBs. In a meeting with the Finance Ministry, government officials have questioned the PSU banks on the need to penalise customers who do not maintain a minimum balance for their deposit accounts, according to the news report. The rising concerns of the Ministry were over the slowdown in the low-cost CASA deposits of the banks. Bankers citing Jan Dhan data told the news portal that many of these customer bank accounts were 'initially dormant', and the balances rose steadily. They said this was due to the influence of the national policy shift. Jan Dhan data is financial information collected under the Pradhan Mantri Jan Dhan Yojana (PMJDY), the national mission for financial inclusion. The data includes details of basic savings bank accounts opened under the scheme, the number of accounts, the total deposits, and the usage of India-made RuPay cards and other financial services. India's banking regulator, the Reserve Bank of India (RBI), in its financial stability report released on 30 June 2025, also said that the growth in term deposits and the share of the higher-cost term deposits continued to outpace the current account and savings account deposits for the banks. According to Mint's earlier report, many public sector banks, such as the State Bank of India in 2020, Bank of Baroda, Punjab National Bank, Indian Bank, and the most recent Canara Bank on 1 June 2025, have dropped their mandate for customers to maintain a minimum account balance (MAB). In these banks, if a customer fails to maintain their MAB, the PSU lender will not charge any penalty for the same. However, private sector banks like Axis Bank, HDFC Bank, and ICICI Bank are among others who has penalties imposed on the account holders who fail to maintain the minimum balance. The news portal reported that the PSU banks had started to remove the minimum balance requirement after a Right to Information (RTI) revealed that penalties collected for non-maintenance of balances surpassed the bank's net profits, which are offset by provisions for bad loans. Private banks offer certain products for their customers, like zero-balance accounts and salary accounts, which waive the need for a minimum account balance. However, the customers who opened their Jan Dhan accounts immediately got this minimum balance requirement waived. According to the news portal's report, banks have historically used returns from low-interest savings accounts to cross-subsidise banking services. However, the major costs have been reduced after pivoting towards digital banking, and the new approach is to recover the costs from the maintenance charges and via debit card fees and charges for transactions beyond the free limits. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
21-06-2025
- Business
- Time of India
Report: Public Sector Banks increase market share amid slower credit growth in FY25; regain lending dominance
This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by businesses for operational needs, as per news agency ANI. ' Credit growth slowed in FY25 yet PSBs gained market share vis-à-vis PVBs (Private Banks),' the report noted, adding that public sector lenders leveraged their balance sheets more effectively and cautiously, especially as private lenders saw reduced momentum. The Credit-Deposit (CD) ratio of private banks, though elevated due to an earlier credit push, sharply corrected in FY25, indicating a deceleration in fresh disbursements. In contrast, PSBs capitalised on regulatory tightening in the unsecured lending space, particularly targeting retail credit like housing loans, where they emerged as incremental leaders. The report also pointed out a shift in the sectoral distribution of credit. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Private banks, once dominant in retail disbursements, lost ground due to tighter regulations, allowing PSBs to step in. Remarkably, state-owned banks also posted stronger growth in industrial credit, a segment previously dominated by private lenders. On the geographic front, PSBs saw strong performance in rural and semi-urban areas. Over 60 per cent of incremental credit in semi-urban regions and a significant share in rural belts were secured by public banks. Even in urban and metro areas, where private banks traditionally dominated, PSBs reclaimed some ground lost in FY24. In terms of borrower segmentation, credit to individuals continued its upward trajectory, signalling robust retail banking strength, the report said. The report aligns with broader findings released earlier this month by Boston Consulting Group, which noted that the BFSI sector was undergoing a period of moderate credit growth and profitability pressure. The sector's Net Interest Margins are under pressure amid repo rate cuts and elevated CD ratios, which have intensified the race for low-cost deposits. Despite this, PSU banks posted a 26 per cent year-on-year growth in profit after tax (PAT), outperforming private banks' 8 per cent growth. Deposit growth remained healthy at 11 per cent year-on-year, reaching Rs 229.3 lakh crore, although CASA growth stayed muted. The overall banking sector reported a 12 per cent rise in total net advances and a 13 per cent increase in aggregate credit in FY25, signalling that PSBs' tactical shift and rural resurgence helped them outperform amid macroeconomic headwinds. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
21-06-2025
- Business
- Mint
PSU banks gain market share amid slow down in credit growth: UBI Report
New Delhi [India], : The credit growth of Indian banks moderated in the Financial Year 2025, yet Public Sector Banks gained the market share, outperforming their Private Banks counterparts, according to a report by the Union Bank of India. The report added that the gain was visible across both the nature and geography of lending. "Credit growth slowed in FY25 yet PSBs gained market share vis-a-vis PVBs," the report added. The Credit-Deposit ratio for PVBs was observed elevated, reflecting higher credit push, but their incremental CD ratio corrected sharply in FY25, hinting at a slowdown in fresh disbursements. Contrary to this, the PSBs saw more stability, leveraging their balance sheets more cautiously but effectively. As per the report, the working capital and demand loans, typically used by businesses for operational requirements, became a key driver of this outperformance. The report observed that a major change has emerged in the sectoral distribution of credit. The regulatory interventions on the unsecured lending slowed down retail disbursements from private banks. While the public sector banks used this opportunity to boost their incremental market share in the retail credit segment, especially gaining a lead in the housing loans. The report observed that the state-controlled banking entities are also leading in industrial credit, which was not the specialisation of PSBs. On the geographical front, PSBs dominated in rural and semi-urban regions. Public sector banks secured a large share of incremental credit in rural areas in FY25, re-establishing their presence as key lenders in India's hinterlands. Over 60 per cent of incremental credit in semi-urban locations was cornered by PSBs, while even in urban and metro areas, they managed to claw back some share lost in FY24. As per the findings of the report in terms of borrower segmentation, credit to individuals continued its upward trajectory in the current fiscal, which shows the strength of retail banking. This article was generated from an automated news agency feed without modifications to text.
The Hindu
17-06-2025
- Business
- The Hindu
CBI holds coordination meeting with DFS, public sector banks officials
The Central Bureau of Investigation (CBI) convened a coordination meeting with officials of the Banking Securities Fraud Investigation Zone, Department of Financial Services (DFS), MoF and Chief Vigilance Officers of Public Sector Banks here on Tuesday (June 17, 2025). During the day-long meeting, all pending matters pertaining to ongoing investigation and prosecution of the bank fraud cases being handled by CBI were discussed and several issues were sorted out, said a release. According to the release, the meeting was a follow up meeting after the high-level meeting held in January this year between Department of Financial Services, CBI and Public Sector Banks, in Mumbai. The agenda was to enhance the interdepartmental cooperation and expedite investigations pertaining to bank fraud cases. During the meeting, detailed presentations were made by the CBI and Public Sector Banks officials on relevant operational issues. Many aspects were discussed and resolved. A close coordination between the banks and CBI in terms of timely sharing of relied-upon documents was acknowledged. Further efforts to streamline procedures and ensure proactive cooperation in matters related to obtaining approvals and sanctions under Section 17A and Section 19 of the Prevention of Corruption Act were also emphasised. The Officers from CBI and Public Sector Banks exchanged case-specific details and discussed the way forward to expedite pending investigations. The meeting concluded with a consensus to maintain the current momentum of cooperation between the CBI and Public Sector Banks. Emphasis was laid on continuing structured engagement and institutional collaboration to overcome procedural bottlenecks, expedite investigations, resolve pending issues, and ensure timely completion of investigations, the release stated.
