Search For "public sector"
Mergers no quick fix for public sector banks; they need autonomy, says ASS
Updated : 8 years, 7 months ago IST
New Delhi [India], Sep 21 (ANI): Asserting there are no quick fixes for grave problems facing the public sector banks, mainly centered around close to Rs. five lakh crore non-performing assets, ASSOCHAM President Sunil Kanoria today said a paper brought out by the chamber clearly suggests me
Read More
Cabinet removes Richardson & Cruddas Ltd.from BIFR purview
Updated : 8 years, 7 months ago IST
New Delhi [India], Sept.21 (ANI): The Union Cabinet has approved a proposal of the Department of Heavy Industry for enabling M/s Richardson and Cruddas Limited, a Central Public Sector Enterprise, to come out of purview of Board for Industrial and Financial Reconstruction (BIFR).
Read More
Jaitley hopes PSBs are able to transmit cuts in policy rates by RBI
Updated : 8 years, 7 months ago IST
New Delhi [India], Sept. 16 (ANI): Finance Minister Arun Jaitley on Friday expressed hope that the public sector banks would tighten up to a point where they are able to transmit cuts in policy rates by the Reserve Bank of India (RBI).
Read More
RBI Governor calls levelling imbalances in PSB staff pay scales
Updated : 8 years, 7 months ago IST
Mumbai, Aug.16 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday appealed to the government to take steps to ensure a levelling of imbalances in pay scales in public sector banks (PSBS) to ensure greater fiscal efficiency and effectiveness.
Read More
Bank employees strike to hit operations today
Updated : 8 years, 7 months ago IST
New Delhi, July 29 (ANI): Normal banking operations may take a hit today, as public sector bank employees will be on a one-day strike against the proposed merger of associate banks with the State Bank of India (SBI). They are also opposed to the banking reforms announced by the government re
Read More
ABFRL's Madura F and L launches 'Buddy' from SBI across its
Updated : 8 years, 7 months ago IST
Mumbai, July 23 (ANI-Newsvoir): Madura Fashion and Lifestyle (MF and L), a division of Aditya Birla Fashion and Retail Limited, India's largest pure play fashion apparel company has partnered with India's largest public sector bank - the State Bank of India (SBI), to launch paymen
Read More
IRCTC, SBI sign MoU on promotion of rail ticketing activities
Updated : 8 years, 7 months ago IST
New Delhi, July 20: Indian Railway Catering and Tourism Corporation (IRCTC) and the country's largest public sector bank, State Bank of India (SBI), have signed a Memorandum of Understanding (MoU) to hammer out a detailed plan for promotion of rail ticketing activities, including intern
Read More
Govt. allocates Rs. 22,915 cr to PSU banks for re-capitalization
Updated : 8 years, 7 months ago IST
New Delhi, July 19 (ANI): The government today announced infusion of Rs. 22,915 crore into 13 public sector (PSU) banks to help them cope with their non-performing loans and shore up their capitals levels.
Read More