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Bank of Baroda has received approval from IFSCA to operate as a Trading-Cum-Clearing Member on the India International Bullion Exchange (IIBX) at GIFT City. This strategic move positions its International Banking Unit as a key hub for bullion trading, aiming to boost liquidity and efficiency in India's bullion market. Bank of Baroda on Friday said it has received an approval from the International Financial Services Centres Authority (IFSCA) to operate as a Trading-Cum-Clearing Member (TCM) on ...Read More >
New Delhi, Jun 27: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the annual performance review meeting of Public Sector Banks (PSBs) in the national capital today. The high-level meeting focused on financial performance, credit growth, digital innovation, financial inclusion, cyber security, and customer service enhancement. Attended by Union Minister of State for Finance Pankaj Chaudhary, Secretary of Financial Services M. Nagaraju, Managing Directors and CEOs o ...Read More >
New Delhi, June 27 (SocialNews.XYZ) The total business of public sector banks has surged from Rs 203 lakh crore in FY 2022-23 to Rs 251 lakh crore in FY 2024-25 while the net non-performing assets (NPAs) have declined from 1.24 per cent to 0.52 per cent during this period, Finance Minister Nirmala Sitharaman was informed at the annual review meeting with bank chiefs here on Friday. The net profit of public sector banks has also risen from Rs 1.04 lakh crore to Rs 1.78 lakh crore, and dividend p ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Thursday called upon the financial sector regulators to take initiatives for identifying the aspirational needs of GIFT International Financial Services Centre (GIFT IFSC) in Gujarat. GIFT IFSC is India's first international financial services centre that aims to provide service to foreign multinational companies in India. Sitharaman stressed on fast-tracking reforms at the GIFT City in next few years to align the financial sector with the count ...Read More >
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