Tag
Public Sector Banks
10 articles
Indian public sector banks are demonstrating resilience and strategic growth amid ongoing regulatory oversight. Bank of Maharashtra reported a robust 27% increase in net profit for fiscal year 2026, underpinned by strong asset quality and a significant expansion of its total business, alongside digital transformation initiatives. Meanwhile, Union Bank is seeking shareholder approval to raise ₹8,000 crore through equity and debt to meet Basel III requirements, while Central Bank of India is undergoing leadership changes with the appointment of a new Government Nominee Director and a minor promoter share sale. These developments highlight the sector’s focus on capital adequacy, operational efficiency, and adapting to evolving regulatory landscapes, positioning these institutions for continued growth and stability.
Central Bank Q1 Business Up 18.35% YoY
Central Bank of India revises Q1 FY2027 provisional total business to ₹833,790 crore, showing 18.35% YoY growth.
Gross advances increased 28.77% YoY to ₹354,895 crore while CASA ratio declined 27 bps
Union Bank Q1 Advances Grow 12.5% YoY
Union Bank of India reports provisional Q1 FY2027 business updates with 12.50% YoY growth in Gross Advances.
Domestic CASA deposits increased by 11.72% YoY, improving the CASA ratio to 35.10%.
RAM Adv
UCO Bank Q1 Advances Up 21.3% YoY
UCO Bank discloses provisional Q1 FY27 business figures under SEBI LODR regulations.
Total advances grew 21.33% YoY to ₹2.73 lakh crore while deposits rose 11.04%.
Domestic advances showed strongest g
PNB Q1 Provisional Global Business Crosses ₹30 Lakh Crore
Punjab National Bank files provisional Q1 FY2027 business figures showing global business at ₹29.99 lakh crore.
Global deposits grew 10.32% YoY to ₹17.24 lakh crore while global advances rose 12.85% Y
Union Bank Elevates GM to Chief GM
Union Bank of India elevates Shri Bhaskara Rao Chaganti Venkata Naga from General Manager to Chief General Manager effective July 1, 2026.
The appointment is disclosed under SEBI Listing Regulations 3
Union Bank CGM Arun Kumar Retires on Superannuation
Union Bank of India discloses Chief General Manager Arun Kumar's retirement on superannuation effective June 30, 2026.
The disclosure is made pursuant to SEBI LODR Regulations 30 and 51 regarding chan
PNB Executive Director Bibhu Prasad Mahapatra Superannuates
Punjab National Bank Executive Director Bibhu Prasad Mahapatra ceased office effective 01.07.2026 upon superannuation.
The cessation follows a Government of India, Ministry of Finance notification dat
Canara Bank 24th AGM Approves Dividend, Director Appointments
Canara Bank held its 24th Annual General Meeting via video conference on June 23, 2026, to approve financial statements and resolutions.
Shareholders approved a dividend of ₹4.20 per share (210% of fa
Bank of Maharashtra FY26 Net Profit Rises 27% to ₹7,019 Cr
Bank of Maharashtra reported 27.17% net profit growth to ₹7,019 crore for FY26 with total business reaching ₹6,42,531 crore, representing 17.47% year-on-year growth.
The bank maintained strong asset q
Central Bank Promoter Sells Shares via OFS
Central Bank of India discloses promoter share sale of 12 equity shares executed on-market via Offer for Sale on May 25, 2026.
Disclosure made pursuant to SEBI PIT Regulations 7(2)(b) following intima