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New Delhi: Public sector banks (PSBs) in India recorded their highest-ever combined quarterly profit of Rs 44,218 crore in Q1 FY26, reflecting a robust 11 per cent year-on-year growth. The State Bank of India (SBI) was the main driver of the impressive performance, accounting for nearly 43 per cent of the total earnings. The 12…
New Delhi: The Odisha government on June 22 removed three major private sector banks—HDFC Bank, ICICI Bank, and Axis Bank—from its list of approved banks. The government said these banks did not perform up to the standards in important government schemes and did not meet general banking goals in the last two financial years. A…
New Delhi: Overall Net Profit of operating Central Public Sector Enterprises (CPSEs) rose to Rs 3.22 lakh crore in FY24 as against Rs 2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report. The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared…