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Bookmark or Share- Public sector banks in India - WikipediaPublic sector banks in India. Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.
- SBI, Other PSBs Suggest Steps to Boost DepositsBankers have said that, given the bumper returns by equities, mutual funds and tax-saving equity-linked savings schemes (ELSS), investors prefer them to tax-saving fixed deposits (FDs). All these tax-saving schemes have a five-year lock-in period. Reducing the lock-in period for such FDs to three years will address this imbalance, bankers said.
- PSBs profits cross Rs 1.4 lakh crore in FY24, SBI takes lion's sharePublic sector banks in India have posted a stellar performance, with cumulative profits crossing Rs 1.4 trillion for the fiscal year ended March 2024, a robust growth of 35% over the previous year, which was based on a high profit base of Rs 1 trillion.
- Public Sector Banks in India, Definition, Functions - Study IQ EducationPublic Sector Banks (PSBs) in India are vital for UPSC exam preparation, covering topics in the UPSC Syllabus like economics, governance, and banking sector policies. PSBs play a significant role in financial inclusion, economic development, and government reforms.
- Fiscal-Risks-Toolkit-PSBS - IMFIdentifies vulnerabilities and interlinkages throughout the public sector, including interest, exchange rate and maturity mismatches across assets and liabilities, and how cross holdings of assets can spread risks through government.
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