Search For "public sector"
IDBI Bank's board approves preferential issue of Rs 4,557 crore to governm
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 19 (ANI): The board of directors at IDBI Bank on Thursday approved the proposal for preferential issue of capital to the government and Life Insurance Corporation (LIC) totalling up to Rs 4,557 crore and Rs 4,743 crore respectively.
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Sitharaman to meet heads of public sector banks in Delhi today
Updated : 6 years, 6 months ago IST
New Delhi (India), Sept 19 (ANI): Union Finance Minister Nirmala Sitharaman will meet the heads of public sector banks in Delhi on Thursday.
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Rameswaram: HPCL gifts 70-year-old Idli vendor gas cylinder, stove
Updated : 6 years, 6 months ago IST
Rameswaram (Tamil Nadu) [India], Sept 18 (ANI): 70-year-old woman Rani, who runs an idli shop near Agni Tirtham hrtr, has been gifted a free gas cylinder and stove on Wednesday here. by public sector company Hindustan Petroleum (HP).
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Bank of Baroda to consider raising funds via tier 2, AT 1 bonds
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 13 (ANI): Public sector lender Bank of Baroda said on Friday its capital raising committee will meet next week to consider raising funds through bonds.
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RTI activist claims 2,480 cases of fraud in PSBs involving over Rs 31,800
Updated : 6 years, 6 months ago IST
Neemuch (Madhya Pradesh) [India], Sept 10 (ANI): An RTI activist from Neemuch town of the Malwa region has claimed that a total of 2,480 cases of fraud in public sector banks involving more than Rs 31,800 crore have been registered in the first quarter of current financial year 2019-20. Read More
Finance ministry holds meeting with heads of CPSEs, advisors of infrastruc
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 6 (ANI): The Finance Ministry on Friday held a meeting with the heads of Central Public Sector Enterprises (CPSEs) and Financial Advisors (FAs) of infrastructure ministries.
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Moody's takes rating action on five Indian public sector banks following m
Updated : 6 years, 6 months ago IST
Singapore, Sept 4 (ANI): Moody's Investors Service on Wednesday took rating actions on Canara Bank, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), Syndicate Bank and Union Bank of India (Union Bank) that will undergo mergers as announced by the government.
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Execution remains key in amalgamation of public sector banks: Ind-Ra
Updated : 6 years, 6 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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India on track to emerge as $5 trillion economy: Doval
Updated : 6 years, 6 months ago IST
Male [The Maldives], Sept 3 (ANI): Director of India Foundation Shaurya Doval said on Tuesday that it is natural for a robust economy like India to go through upheavals while expanding from three trillion dollars to five trillion dollars in the next five years.
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Sensex crashes by 770 points on dismal macro data, Nifty PSU bank down by
Updated : 6 years, 6 months ago IST
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.
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PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks
Updated : 6 years, 6 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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Steering committee on fintech-related issues submits report
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 2 (ANI): The steering committee on fintech-related issues has recommended that the Department of Financial Services (DFS) works with public sector banks to bring in more efficiency and reduce security risks by leveraging artificial intelligence (AI), cognitive analyti
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