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State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
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Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
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Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
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Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
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Centre Raises Maximum Tenure Of Public Sector Banks' CEO To 10 Years
The maximum tenure of CEO (Chief Executive Officer) and MD (Managing Director) of public sector banks has been increased to 10 years, a move that will help the government retain the best talent in the banking sector.
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Bank Strike On November 19: Services In Public Sector Banks Likely To Be Hit On Saturday
Operations of public sector banks (PSBs) may be impacted as bank union All India Bank Employees Association (AIBEA) has given a strike call for Saturday to oppose incessant outsourcing of jobs.
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India Doesn't Need So Many Public Sector Banks: Former SBI Chief
India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said.
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Must Have 10-Year Road Map To Privatise Public Sector Banks: Ex RBI Chief
Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders.
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Finance Minister May Urge Bankers To Sanction Key Sector Loans During Meet
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Monday to review performance of the lenders
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Frauds In Public Sector Banks Fall 51%; But Not Falling Fast Enough: RBI
Public sector banks reported over 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022, the Reserve Bank of India has said.
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"Loan In 59 Minutes" Initiative: State-Owned Banks Disburse Rs 39,580 Crore
Public Sector Banks (PSBs) have disbursed Rs 39,580 crore business loan under the initiative called 'loan in 59 minutes' between September 2018 and February 2022, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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Government To Infuse Funds In "Weak" Banks: Report
Weak lenders like Central Bank of India and Punjab & Sind Bank will get majority share of Rs 15,000 crore earmarked for fund infusion in banks
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State-Run Banks Employees On 2-Day Strike, Services Hit Across India
Customers of public sector banks (PSBs) faced difficulties as services like cash withdrawals, cheque clearances and loan approvals came to a standstill due to bank branches not being operational.
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Decision Not Yet Taken On Privatisation Of 2 State-Owned Banks: Finance Minister
Finance Minister Nirmala Sitharaman said that cabinet panel on disinvestment is yet to take a decision on privatisation of two public sector banks
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Bill To Reduce Government Holding In PSBs To Come In Winter Session
Government will cut down its stake holding in public sector banks from 51 per cent to 26 per cent, a move which will help bring in public investments
-
State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
-
Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
-
Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
-
Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
-
Centre Raises Maximum Tenure Of Public Sector Banks' CEO To 10 Years
The maximum tenure of CEO (Chief Executive Officer) and MD (Managing Director) of public sector banks has been increased to 10 years, a move that will help the government retain the best talent in the banking sector.
-
Bank Strike On November 19: Services In Public Sector Banks Likely To Be Hit On Saturday
Operations of public sector banks (PSBs) may be impacted as bank union All India Bank Employees Association (AIBEA) has given a strike call for Saturday to oppose incessant outsourcing of jobs.
-
India Doesn't Need So Many Public Sector Banks: Former SBI Chief
India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said.
-
Must Have 10-Year Road Map To Privatise Public Sector Banks: Ex RBI Chief
Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders.
-
Finance Minister May Urge Bankers To Sanction Key Sector Loans During Meet
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Monday to review performance of the lenders
-
Frauds In Public Sector Banks Fall 51%; But Not Falling Fast Enough: RBI
Public sector banks reported over 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022, the Reserve Bank of India has said.
-
"Loan In 59 Minutes" Initiative: State-Owned Banks Disburse Rs 39,580 Crore
Public Sector Banks (PSBs) have disbursed Rs 39,580 crore business loan under the initiative called 'loan in 59 minutes' between September 2018 and February 2022, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
-
Government To Infuse Funds In "Weak" Banks: Report
Weak lenders like Central Bank of India and Punjab & Sind Bank will get majority share of Rs 15,000 crore earmarked for fund infusion in banks
-
State-Run Banks Employees On 2-Day Strike, Services Hit Across India
Customers of public sector banks (PSBs) faced difficulties as services like cash withdrawals, cheque clearances and loan approvals came to a standstill due to bank branches not being operational.
-
Decision Not Yet Taken On Privatisation Of 2 State-Owned Banks: Finance Minister
Finance Minister Nirmala Sitharaman said that cabinet panel on disinvestment is yet to take a decision on privatisation of two public sector banks
-
Bill To Reduce Government Holding In PSBs To Come In Winter Session
Government will cut down its stake holding in public sector banks from 51 per cent to 26 per cent, a move which will help bring in public investments
