public sector banks News

Exploring the Historic Lows in Savings Account Rates at Public Sector Banks Post-Deregulation

Savings deposit rates at some public sector banks have reached historic lows post-2011 deregulation, with a significant decline in domestic term deposit rates for fresh deposits ac...

MTNL Faces Financial Crisis: Defaults on Rs 8,585 Crore Bank Loans Amid Mounting Debts

MTNL, a state-run telecom firm, has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, with total debt obligations reaching Rs 34,484 crore as of June 30,...

Government Mandates 15-Day Approval for Student Loans: A Push Towards Faster Education Financing

The Indian government has mandated public sector banks to approve education loans within 15 days, aiming to reduce delays and backlog. This initiative includes enhanced transparenc...

MTNL Faces Financial Crisis: Defaults on Rs 8,346 Crore Loans from Public Sector Banks

MTNL, a state-run telecom firm, has defaulted on loans worth Rs 8,346 crore from seven public sector banks, with total debt reaching Rs 33,568 crore by March 2025. The default incl...

New Banking Laws Strengthen Governance and Protect Investors

Finance Minister Nirmala Sitharaman announced that public sector banks are now safe and stable, following the Lok Sabha's approval of amendments to banking laws. These amendments i...