Search For "public sector bank"
'Merger of banks will make them commercially successful'
Updated : 7 years, 8 months ago IST
New Delhi [India], Sep 18 (ANI): Principal Economic Advisor to the Ministry of Finance, Sanjeev Sanyal, said that the decision to merge three Public Sector Banks, namely, Vijaya Bank, Dena Bank, and the Bank of Baroda will make them commercially successful.
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Prevention of Corruption Act will boost business environment: FICCI
Updated : 7 years, 10 months ago IST
New Delhi (India), July 26 (ANI): As India's public sector bankers have breathed a huge sigh of relief with the long-awaited amendment of the Prevention of Corruption Act in the Parliament, Federation of Indian Chambers of Commerce and Industry (FICCI) president Rashesh Shah has also welcom
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Inter-Creditor Agreement a historic step: Piyush Goyal
Updated : 7 years, 10 months ago IST
New Delhi [India], Jul 23 (ANI): Union Finance Minister Piyush Goyal on Monday said that the signing of the Inter-Creditor Agreement (ICA) by the public and private sector banks as well as foreign banks for the effective resolution of assets is a `huge step` for the entire banking federation
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LIC offers to buy 51% stake in IDBI
Updated : 7 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 17 (ANI): The Industrial Development Bank of India (IDBI) on Monday received an offer from the Life Insurance Corporation of India (LIC) seeking to buy a 51 percent controlling stake in the public sector bank.
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Can't do anything if politically-motivated factors interfere: Mallya
Updated : 7 years, 11 months ago IST
New Delhi [India], June 27 (ANI): Liquor baron Vijay Mallya on Wednesday reiterated that is making every effort, in good faith to settle dues with the banks, but if politically-motivated factors interfere, there is nothing he can do.
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Dedicated team to assess credit flow to MSMEs: Goyal
Updated : 7 years, 11 months ago IST
New Delhi [India], June 19 (ANI): Union Finance Minister Piyush Goyal on Friday said a dedicated team of officers will discuss aspects related to credit flow to the micro, small and medium enterprises (MSMEs) sector, which is a major focus of the banking system and economy.
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Two-day bank strike from today, salary withdrawal, ATM transactions may ta
Updated : 8 years ago IST
New Delhi [India], May 30 (ANI): Disrupting transactions across the country employees of public sector banks will go on a two-day nationwide strike starting today.
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Shaktikanta Das endorses formation of 'holding company' for PSBs
Updated : 8 years, 1 month ago IST
New Delhi [India], April 25 (ANI): Former economic affairs secretary Shaktikanta Das claimed that it was time to set up a 'holding company' for public sector banks (PSBs), in the wake of the recent economic reforms.
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IOB inks information utility pact with NeSL
Updated : 8 years, 1 month ago IST
Chennai (Tamil Nadu) [India], Apr. 21 (ANI): Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).
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Indian Overseas Bank launches IoT-based customer service app
Updated : 8 years, 1 month ago IST
Chennai (Tamil Nadu) [India], Apr. 07 (ANI): Leading public sector bank, Indian Overseas Bank (IOB) as part of their 'Customer First' initiative launched Internet of Things (IoT)-based customer feedback application on a pilot basis at its Cathedral branch here.
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No unauthorised LoUs issued, except one incident: SBI official
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 15 (ANI): The State Bank of India (SBI) officials on Thursday reiterated the fact that except for the one-off incident involving Punjab National Bank (PNB), no unauthorised Letters of Undertakings (LoUs) have been issued by public sector banks (PSBs).
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Passport details compulsory against loans higher than Rs 50cr
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 10 (ANI): In the wake of recent scams unearthed in the banking sector, the Centre on Saturday directed public sector banks (PSBs) to collect passport details of new borrowers seeking to avail loans higher than Rs 50 crore.
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