Search For "public sector"
Indian Bank signs up Corporate Agency with Chola MS
Updated : 6 years, 7 months ago IST
Chennai (Tamil Nadu) [India] August 09 (ANI/NewsVoir): Indian Bank, a premier Public Sector bank has entered into a corporate agency agreement with Cholamandalam MS General Insurance Company Ltd (Chola MS) for distribution of the latter's insurance products to Indian Bank customers.
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Recapitalisation of public sector banks disappearing into quicksand: Ind-R
Updated : 6 years, 7 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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BEL's Q1 profit up 14 pc despite dip in turnover
Updated : 6 years, 8 months ago IST
Bengaluru (Karnataka) [India], July 30 (ANI): Navratna defence public sector undertaking Bharat Electronics Limited (BEL) has reported 14 per cent jump in its profit after tax at Rs 204.7 crore during the first fiscal quarter (Q1 FY20) from Rs 179.7 crore in the year-ago period.
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Gross NPAs of public sector banks have declined by over Rs 89,000 cr till
Updated : 6 years, 8 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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Cabinet provides Rs 330 cr for unpaid employees of three pharma PSUs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 17 (ANI): The Union Cabinet on Wednesday approved budgetary support of Rs 330.35 crore as loan for meeting liabilities of about 1,000 employees of three public sector pharmaceutical companies.
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Opposition protests against sharing citizens' personal data, sale of PSUs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 17 (ANI): Opposition party MPs on Wednesday staged a protest in the Parliament complex here against the alleged sharing of personal data of citizens and selling of Public Sector Undertakings (PSUs) by the Centre.
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Budget advances economic reform, but fiscal settings unchanged: Fitch
Updated : 6 years, 8 months ago IST
London [Britain], July 10 (ANI): Financial information services major Fitch Ratings said on Wednesday that the Union Budget for 2019-20 outlines some economic reforms that could support the economy but its fiscal stance remains broadly unchanged with no plans for meaningful consolidation.
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Trinamool stages walkout in Rajya Sabha over disinvestment of PSUs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 8 (ANI): Trinamool Congress on Monday walked out of Rajya Sabha protesting against the Centre's decision to disinvest 42 Public Sector Undertakings (PSUs) and opposed the government's move in Lok Sabha.
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TMC MPs walk out of RS over govt's plan of disinvestment in PSUs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 08 (ANI): Members of Parliament from Trinamool Congress on Monday walked out of proceedings in Rajya Sabha protesting against the Centre's decision to disinvest in 42 Public Sector Undertakings.
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Disinvestment plan key to avert revenue slippages in FY 20: ICRA
Updated : 6 years, 8 months ago IST
New Delhi [India], July 7 (ANI): The speed with which government's disinvestment programme kicks off as well as interest shown by potential buyers in public sector units being offered for strategic sale will be crucial to prevent a slippage in non-loan capital receipts, according to investme
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Budget 2019-20: Six months' partial credit guarantee proposed for PSBs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 5 (ANI): Finance Minister Nirmala Sitharaman on Friday said the government has proposed to provide a one-time six-month partial credit guarantee to public sector banks (PSBs) for first loss of up to 10 per cent.
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Strengthening regulatory authority of RBI over NBFCs
Updated : 6 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The government will strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs), Finance Minister Nirmala Sitharaman said on Friday.
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