Public sector banks’ long-term strategy on Jan Dhan begins to pay off

According to the government data,the total balance in the bank accounts under Pradhan Mantri Jan Dhan Yojana(PMJDY) scheme has almost reached a total of ₹1-lakh crore. The Jan Dhan accounts opened are mostly in public sector banks which makes up 72.5% of the total number of Jan Dhan accounts and 89.5% of total deposits.The bulk… Continue reading Public sector banks’ long-term strategy on Jan Dhan begins to pay off

RBI lifts curbs on three PSBs

The Reserve Bank of India (RBI) have allowed three public sector banks to exit the PCA framework following capital infusion by the government and a decline in net non-performing asset (NPA) ratio. To ensure that banks don’t go bust, RBI has put in place some threshold levels to assess, monitor, control and take corrective actions… Continue reading RBI lifts curbs on three PSBs