Search For "public sector banks psbs"
No uncertainty over merger of PSBs: Nirmala Sitharaman
Updated : 6 years, 3 months ago IST
New Delhi [India], Feb 26 (ANI): Finance Minister Nirmala Sitharaman on Wednesday said there is no uncertainty over the merger of public sector banks (PSBs) and the process is going on as per the schedule.
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Rs 4.91 lakh crore disbursed by PSBs in Oct and Nov
Updated : 6 years, 5 months ago IST
New Delhi [India], Dec 3 (ANI): Public sector banks (PSBs) disbursed Rs 2.39 lakh crore to micro, small and medium enterprises (MSMEs), non-banking finance companies (NBFCs), corporates, retail and agriculture sector borrowers in November, raising the total disbursement since the launch of t
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Public sectors banks disburse Rs 2.53 lakh crore loans in October
Updated : 6 years, 6 months ago IST
New Delhi [India], Nov 21 (ANI): Union Ministry of Finance on Thursday said that Public Sector Banks (PSBs) have disbursed loans to the tune of Rs 2.53 lakh crore during October under the 'Customer Outreach' initiative.
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India's banking crisis frightening, need to reduce government's equity sha
Updated : 6 years, 7 months ago IST
New Delhi [India], Oct 22 (ANI): Nobel laureate Prof Abhijit Banerjee on Tuesday termed the banking crisis in India as frightening and stressed the need for reducing the government's equity share in public sector banks (PSBs) below 50 per cent.
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All-India bank strike on Oct 22 against merger of PSBs
Updated : 6 years, 7 months ago IST
New Delhi [India], Oct 20 (ANI): All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have called for a strike across the country on October 22 to stage a protest against the mergers of 10 public sector banks (PSBs).
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Execution remains key in amalgamation of public sector banks: Ind-Ra
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sept 4 (ANI): India Ratings and Research (Ind-Ra) said on Wednesday the amalgamation of 10 public sector banks (PSBs) along with implementation of specific measures on governance reforms could improve their performance on a sustainable basis, subject to the succ
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PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks
Updated : 6 years, 9 months ago IST
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.
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Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 9 months ago IST
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.
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Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 9 months ago IST
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
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 9 months ago IST
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
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Recapitalisation of public sector banks disappearing into quicksand: Ind-R
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 9 (ANI): While the government has infused huge capital in public sector banks (PSBs), the funds have largely been used to mitigate losses and failed to contribute meaningfully to credit growth, according to India Ratings and Research (Ind-Ra).
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Gross NPAs of public sector banks have declined by over Rs 89,000 cr till
Updated : 6 years, 10 months ago IST
New Delhi [India], July 25 (ANI): The gross non-performing assets (NPAs) of public sector banks (PSBs) have declined by Rs 89,189 crore from a peak of more than Rs 8.95 lakh crore in March 2018 to over Rs 8.06 lakh crore in March this year, the government told the Rajya Sabha.
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