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 India Q4 Net Profit Doubles To Rs 1,388 Crore

[ad_1] New Delhi: State-owned Bank of India on Saturday reported a 115 percent jump in its consolidated profit after tax for the March quarter to Rs 1,388.19 crore, helped by a jump in other income. The city-based lender’s profit for FY23 increased to Rs 3,882 crore, up from Rs 3,406 crore in FY22. The bank … Read more

Rajneesh Karnatak Joins Bank Of India As Managing Director, CEO

[ad_1] Rajneesh Karnatak has an experience of over 29 years. New Delhi: Rajneesh Karnatak has joined the Bank of India as its managing director and chief executive officer, the lender has said. Rajneesh Karnatak has an experience of over 29 years. Prior to this, he had been the chief general manager of Punjab National Bank … Read more