PSU banks’ profit crosses Rs 1 lakh crore mark in FY23 – Times of India

[ad_1] NEW DELHI: Public sector banks’ cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBI accounting for nearly half of the total earnings.From posting a total net loss of Rs 85,390 crore in 2017-18, PSBs have come a long way as their profit touched Rs 1,04,649 crore … Read more

Bank Of Baroda: ‘Bank of Baroda stops clearing payment for above-cap Russian oil’ – Times of India

[ad_1] NEW DELHI: India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources with direct knowledge of the matter said, a move that could expedite transition to a rupee trade mechanism.Some Indian refiners were paying in the United Arab Emirates … Read more