Bharat Express

Public Sector Banks

Public sector banks in India raised dividend payouts by 33% to Rs 27,830 crore in FY24, up from Rs 20,964 crore last year, govt data showed.

The Finance Ministry announced on Saturday that the gross non-performing assets (NPA) ratio for scheduled commercial banks (SCBs) dropped significantly to 2.67% in June 2024.

The Indian stock market opened the week down, facing selling pressure in sectors like automobiles, IT, and FMCG.

FM Nirmala Sitharaman has called on public sector banks to enhance their deposit growth rates to keep pace with rapid expansion in credit.