Search For "public sector bank"
Govt tables demand for Rs 80K grant towards PSB recap
Updated : 8 years, 5 months ago IST
New Delhi [India], Jan 4 (ANI): The Centre on Thursday presented a demand for additional expenditure towards a previously announced bank recapitalisation plan for public sector banks, to the tune of Rs 80,000 crore.
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Finance Ministry to issue recapitalisation bonds to PSBs in Jan
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 26 (ANI): The Ministry of Finance is likely to issue the first tranche of recapitalisation bonds to public sector banks (PSB) in early January, official sources from the ministry have confirmed.
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No question of closing down any bank, says DFS Secretary
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 22 (ANI): There is no question of closing down any bank, rather the government is looking to strengthen the Public Sector Banks (PSB), Rajeev Kumar, Secretary Department of Financial Services (DFS), Ministry of Finance said on Friday.
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PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
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FRDI bill to be more depositor friendly, clarifies Govt
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 7 (ANI): The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) is far more depositor friendly than many other jurisdictions which provide for statutory bail-in, where consent of creditors / depositors is not required for bail-in, the Ministry of Financ
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Loan waiver to capitalist is a rumor, says Jaitley
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 28 (ANI): Union Finance Minister Arun Jaitley on Tuesday refuted to rumors against the government waiving off any loans of big NPA defaulters.
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Upward pressure on bond yields expected owing to moderation in FII inflows
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov. 8 (ANI): A notification from ICRA on Wednesday revealed that an upward pressure on bond yields is expected; owing to continuing concerns regarding a potential fiscal slippage at the Union Government level and a moderation in FII inflows into debt coupled with other fa
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Design of recapitalisation process critical: Former RBI Governor
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov. 4 (ANI): In the wake of the Rs 2.11 lakh crore-worth public sector bank recapitalisation plan that was announced recently by Union Finance Minister Arun Jaitley, former Reserve Bank of India (RBI) Governor Dr. Y.V. Reddy dubbed the design of the plan to be "critical".
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Market mop up may exceed Rs 58,000 cr: ASSOCHAM
Updated : 8 years, 7 months ago IST
New Delhi [India], October 29 (ANI): In the wake of the recent government announcement on capital infusion for public sector banks (PSBs), dilution of government equity up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 cror
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FM always makes loud claims: CPI
Updated : 8 years, 7 months ago IST
New Delhi, [India] October 25(ANI): Leader of Communist Party of India Atul Anjan on Wednesday slammed Finance Minister Arun Jaitley over his recent economic policy statement and asked the Central Government about the results of Goods and Service tax (GST).
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PSU banks, from 2008 to 2014, engaged in indiscriminate lending: Jaitley
Updated : 8 years, 7 months ago IST
New Delhi [India], Oct. 24 (ANI): Union Finance Minister Arun Jaitley on Tuesday said that the public sector banks, from 2008 to 2014, engaged in indiscriminate lending, in an apparent attack at the then ruling alliance - the United Progressive Alliance (UPA).
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Arun Jaitley unveils 'Bharat 22' Index; to be rebalanced annuall
Updated : 8 years, 9 months ago IST
New Delhi [India], August 4 (ANI): Finance Minister Arun Jaitley on Friday unveiled a new Exchange Traded Fund (ETF), Bharat 22, consisting of 22 stocks of Central Public Sector Enterprises (CPSE), Public Sector Banks (PSB) and strategic holding of Specified Undertaking of Unit Trust of Indi
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