Mumbai (Maharashtra) [India], Sep 3 (ANI): Equity benchmark indices suffered bruising losses on Tuesday in all-round selling led by bank, financial, metal and auto stocks after the government last week reported 5 per cent GDP growth during the first fiscal quarter of April to June.
Mumbai (Maharashtra) [India], Sep 3 (ANI): Shares of public sector banks (PSBs) traded under pressure on Tuesday after the government last week unveiled a mega-plan to merge 10 of them for creating four stronger lenders with countrywide networks and global reach.
Mumbai (Maharashtra) [India], Sep 3 (ANI): Equity benchmark indices were in the negative zone during early hours on Tuesday in line with global cues while investors remained cautious after the government last week reported 5 per cent GDP growth during the first fiscal quarter of April to
Bengaluru (Karnataka)/Ahmedabad (Gujarat) [India], Aug 31 (ANI): Union government's decision to merge 10 public sector banks to create four entities has irked many bank workers who were seen staging protests in different cities on Saturday.
New Delhi [India], Aug 31 (ANI): The consolidation of 10 public sectors banks announced by the government is credit positive but there will not be any immediate improvement in their credit metrics as all of them have relatively weak solvency profiles, global rating agency Moody's has said.
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
New Delhi [India], Aug 30 (ANI): Congress on Friday said that the latest GDP figures which show growth rate at 5 per cent were "dismal and disappointing" and accused the government of indulging in "headline management" instead of addressing the structural issues ailing the economy.
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
London [UK], Aug 30 (ANI): The Foreign Office on Friday said that the government will provide a grant of PS3 million to help British citizens living in other European countries to complete residency applications ahead of its departure from the European Union.
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
New Delhi [India], Aug 29 (ANI): Hindustan Petroleum Corporation Limited (HPCL) has bagged the best navratna award in manufacturing category at Dun & Bradstreet PSU Awards 2019 consecutively for the second year in a row.