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RBI Deputy Governor T Rabi Sankar emphasised the importance of the banking sector and its stakeholders being vigilant about legal and cyber risks, as well as addressing skill gaps arising from Artificial Intelligence (AI). Speaking at the 19th Annual Banking Technology Conference organized by the Indian Banks' Association (IBA) in Mumbai, he urged banks to prioritize customer convenience and tailor their services accordingly.

PNB CEO Atul Kumar Goel discusses the bank's improved financial performance. The bank has achieved a net profit of Rs 5,000 crore in the first nine months, with a target of Rs 7,500 crore for the whole year. The decline in slippages and improvement in asset quality have contributed to the bank's success. NIMs have also improved due to the recovery in gross and net NPAs. PNB has been successful in raising deposits, with a good CASA ratio, and aims to achieve a 1% ROA by 2024-2025.

Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.

The board of directors, during a meeting on Thursday, approved the proposal to raise equity capital in one or more tranches during 2024-25 through qualified institutional placement (QIP) or follow-on public offering (FPO) or any other permitted mode or a combination

Observing that to be the head of legal education the person should have "minimum prescribed qualification in Law" as per UGC Regulations, The Punjab & Haryana High Court has set aside the order of the...