Public Sector Banks are Entering a New Phase
Recent reports suggest that Public Sector Banks are entering a new phase where easy profit drivers are moderating, increasing the focus on core banking performance. While PSBs reportedly faced fewer RBI penalties than private banks, they accounted for a higher overall penalty amount.
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IDBI Officers Meet MPs, Privatisation Debate Intensifies
Concerns over the proposed privatisation of IDBI Bank intensified as MP John Brittas raised foreign ownership issues, while bank officers met MPs and earlier protested at Jantar Mantar, signalling growing political and employee resistance.
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