FM Nirmala Holds Meeting With Hospitality, Tourism Sectors
FM Nirmala Sitharaman held a meeting with representatives from the travel, tourism and hospitality sectors to discuss additional credit-related issues. The meeting was also attended...
Tag : public sector banks (PSBs)
PSBs Lost Rs 2.85 Lakh Crore Due to Loan Default of 13 Firms
Public sector banks (PSBs) have lost Rs 2.85 lakh crore due to loan default of 13 companies even after the banks are used to bail...
SBI Shares Surge 5%, Hit 8-Week High on Heavy Volumes
Shares of State Bank of India (SBI), on Monday, hit an eight-week high of Rs 377.30 after rising 5 per cent on the BSE in...
Indian Overseas Bank Up 9% as Lender Issues Shares to Govt
Shares of Indian Overseas Bank gained as much as 9.32 per cent on Tuesday after the board of the bank approved issuing equity shares to...
RBI in Discussion With Govt Regarding Privatisation, Says Governor
RBI governor Shaktikanta Das on Thursday said that the central bank is discussing privatisation of public sector banks (PSBs) with the government and the process...
Niti Aayog Leaves 6 PSBs Out of Privatization Plan
The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 to...
SBI Employees to Get Diwali Gifts Worth Rs 25 Crore
Public sector banks (PSBs) here like the State Bank of India (SBI) and the Oriental Bank of Commerce (OBC) are planning to give festival gifts...
Centre to Infuse Rs 12K Cr in State General Insurance Firms
The public sector insurance companies — National Insurance, Oriental Insurance and United India Insurance — are going to be infused with funds worth Rs 12,000...
Merger PSU Banks Unlikely to Revive Credit Flow
The merger of Public Sector Banks (PSBs) into four entities is unlikely to revive credit growth or have meaningful cost synergies, said a report by Credit Suisse....
PSBs Go All Out to Push Cheaper Retail Loans
Public sector banks (PSBs) to implement the finance minister’s instruction to link lending rates to the repo (the rate at which RBI lends to banks)....