After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

by | Jan 5, 2026 | Axis bank, Bank of Baroda, Canara Bank, Central Bank of India, HDFC Bank, ICICI Bank, Punjab National Bank, State Bank of India

The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and...
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions

India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions

by | Dec 28, 2025 | Bank of Baroda, Bank of Maharashtra, IDBI Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, State Bank of India, UCO Bank

The Government of India is preparing for the next round of consolidation of public sector banks (PSU banks) with the goal of creating large, globally competitive lenders. The aim is to support India’s long-term economic ambitions and achieve the vision of a...
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.

by | Dec 27, 2025 | Axis bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, State Bank of India

Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms....
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.

by | Dec 21, 2025 | Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Indian Bank, Punjab National Bank, State Bank of India

For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk. The banks offering these high FD rates...
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions

Major Development in PSU Bank Consolidation: IOB, UCO, BOI, BOM, and Central Bank Under Consideration for Merger – What’s the Timeline for the Next Phase of PSB Consolidation?

by | Dec 4, 2025 | Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Punjab National Bank, State Bank of India, UCO Bank

The Indian government is planning to initiate the next phase of public sector bank (PSB) mergers, with several banks on the radar, including Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India. The merger of...
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions

Should SBI, PNB, and BOB Lead the Next PSU Bank Merger, and What’s the Future for BOI, IOB, BOM, and UCO?

by | Nov 21, 2025 | Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Punjab National Bank, State Bank of India, UCO Bank

The Indian government’s plan to merge public sector banks (PSBs) has been a topic of discussion in recent years. The goal is to create larger, more efficient banks that can compete with private sector banks. The recent merger of 10 PSBs into four larger banks...