Tag: Public Sector Banks

Eight public sector banks add 13,223 employees in FY26; SBI largest recruiter

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Eight public sector banks add 13,223 employees in FY26; SBI largest recruiter

Eight of the 12 public sector banks added 13,223 employees in FY26, taking their combined workforce to over 6.28 lakh, with State Bank of India (SBI) accounting for the bulk of the hiring. Analysis of data compiled by PTI from banks’ annual reports shows that the total employee strength of the eight public sector banks…

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Business

Nirmala Sitharaman On Rahul Gandhi’s Public Bank Remarks

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Nirmala Sitharaman On Rahul Gandhi’s Public Bank Remarks

Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a  “misrepresentation of facts” and an “insult to the hardworking employees and to the citizens” who benefit from a cleaner, stronger banking system. Banking sector, especially Public Sector Banks (PSBs), have seen a remarkable turnaround under the leadership of…

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Nation

Public Sector Banks Do Not Have Power To Issue Look Out Notices Against Defaulters: High Court

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Public Sector Banks Do Not Have Power To Issue Look Out Notices Against Defaulters: High Court

The bench said the Bureau of Immigration shall not act upon such LOCs. (Representational) Mumbai: The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers. The high court’s verdict would render all LOCs issued by such banks against defaulters…

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Nation