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Centre Asks Public Sector Firms To Consider Insolvency Court To Shut Units
India has asked state-owned firms to consider moving the country's insolvency court to shut loss-making units, hoping for speedier resolutions as the government looks to slim down its public sector holdings.
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Government Dissolves Ordnance Factory Board, Transfers Employees, Assets To 7 PSUs
The Defence Ministry has dissolved the Ordnance Factory Board (OFB) with effect from October 1 and transferred its assets, employees and management to seven public sector units (PSUs), according to an official order.
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Government Has "No Business To Be In Business": PM Narendra Modi
Prime Minister Narendra Modi on Wednesdaymade a strong case for privatization of Public Sector Units that he said burdened the taxpayer, and stressed that the government has "no business to be in business". He also emphasized that his government was working towards the mantra of "monetize or modernise" to benefit citizens.
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12 State-Run Banks Instead Of 27 In Government's Mega Mergers: 10 Things To Know
State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". Three mo...
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Public Bank Services May Take A Hit Today, Says Employee Union
Operations at private lenders such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal
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Banking Transactions May Be Hit By Nation-Wide Strike: 5 Things To Know
The United Forum of Bank Unions (UFBU) is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
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10 Public Sector Banks Have Submitted Turnaround Plans: Government
Allahabad Bank, Andhra Bank, Central Bank of India, Dena Bank, UCO Bank, United Bank of India and Bank of Maharashtra are the other public sector lenders who have submitted their plans.
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Bank Strike Hits Operations, Clearance Of 40 Lakh Cheques Could Be Affected
The strike covers employees and officers in all public sector banks, including State Bank of India, all old-generation private banks, foreign banks, regional rural banks and cooperative banks.
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Disinvestment Kitty Swells To Rs 34,800 Crore This Year
NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.
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DIPAM, NITI Hold First Meeting For Selecting PSUs For Sale
Finance Minister Arun Jaitley had said in the Union Budget 2016-17 speech that NITI Aayog will identify Public Sector Units that would be eligible for strategic sale.
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All-Out Efforts On To Bring Down Bad Loans of State-Run Banks: Arun Jaitley
Gross Non Performing Assets (NPAs) of public sector unit (PSU) banks at the end of March quarter stood at 5.20 per cent of total advances compared with 5.63 per cent in December.
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United Bank of India Tops List With Highest Bad Loans Among PSU Lenders
United Bank of India has topped the list of public sector lenders with maximum bad loans including restructured assets as a percentage of total advances.
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Finance Ministry Assessing Capital Requirement of PSU Banks: Report
The government has started assessment of capital requirement of public sector banks. It has already received presentations of six public sector banks-- UCO Bank, United Bank of India, Allahabad Bank, Punjab National Bank, Punjab & Sindh Bank and Oriental Bank of Commerce.
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PSU Bank Unions Warn of 4-Day Nation-Wide Strike
If strike happens it would impact government fund transfer during the time of Budget.
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Appointment of 8 PSU Bank Heads Likely by November-End
The government will by end of November appoint chairman and managing directors of eight public sector banks, where it had scrapped selections made by the previous UPA government.
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Centre Asks Public Sector Firms To Consider Insolvency Court To Shut Units
India has asked state-owned firms to consider moving the country's insolvency court to shut loss-making units, hoping for speedier resolutions as the government looks to slim down its public sector holdings.
-
Government Dissolves Ordnance Factory Board, Transfers Employees, Assets To 7 PSUs
The Defence Ministry has dissolved the Ordnance Factory Board (OFB) with effect from October 1 and transferred its assets, employees and management to seven public sector units (PSUs), according to an official order.
-
Government Has "No Business To Be In Business": PM Narendra Modi
Prime Minister Narendra Modi on Wednesdaymade a strong case for privatization of Public Sector Units that he said burdened the taxpayer, and stressed that the government has "no business to be in business". He also emphasized that his government was working towards the mantra of "monetize or modernise" to benefit citizens.
-
12 State-Run Banks Instead Of 27 In Government's Mega Mergers: 10 Things To Know
State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". Three mo...
-
Public Bank Services May Take A Hit Today, Says Employee Union
Operations at private lenders such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal
-
Banking Transactions May Be Hit By Nation-Wide Strike: 5 Things To Know
The United Forum of Bank Unions (UFBU) is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
-
10 Public Sector Banks Have Submitted Turnaround Plans: Government
Allahabad Bank, Andhra Bank, Central Bank of India, Dena Bank, UCO Bank, United Bank of India and Bank of Maharashtra are the other public sector lenders who have submitted their plans.
-
Bank Strike Hits Operations, Clearance Of 40 Lakh Cheques Could Be Affected
The strike covers employees and officers in all public sector banks, including State Bank of India, all old-generation private banks, foreign banks, regional rural banks and cooperative banks.
-
Disinvestment Kitty Swells To Rs 34,800 Crore This Year
NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.
-
DIPAM, NITI Hold First Meeting For Selecting PSUs For Sale
Finance Minister Arun Jaitley had said in the Union Budget 2016-17 speech that NITI Aayog will identify Public Sector Units that would be eligible for strategic sale.
-
All-Out Efforts On To Bring Down Bad Loans of State-Run Banks: Arun Jaitley
Gross Non Performing Assets (NPAs) of public sector unit (PSU) banks at the end of March quarter stood at 5.20 per cent of total advances compared with 5.63 per cent in December.
-
United Bank of India Tops List With Highest Bad Loans Among PSU Lenders
United Bank of India has topped the list of public sector lenders with maximum bad loans including restructured assets as a percentage of total advances.
-
Finance Ministry Assessing Capital Requirement of PSU Banks: Report
The government has started assessment of capital requirement of public sector banks. It has already received presentations of six public sector banks-- UCO Bank, United Bank of India, Allahabad Bank, Punjab National Bank, Punjab & Sindh Bank and Oriental Bank of Commerce.
-
PSU Bank Unions Warn of 4-Day Nation-Wide Strike
If strike happens it would impact government fund transfer during the time of Budget.
-
Appointment of 8 PSU Bank Heads Likely by November-End
The government will by end of November appoint chairman and managing directors of eight public sector banks, where it had scrapped selections made by the previous UPA government.
