Tag: public sector banks

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Posted in Economy

RBI Governor urges banks to pass on rate cuts to support sustainable growth

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday held a meeting in Mumbai with the managing directors and CEOs of public sector banks…

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The government's number of shares in India's 12 public sector banks has not declined since 2020, but the percentage stake may have reduced due to fundraising moves, MoS Finance Pankaj Choudhary says in Parliament. (ANI Video Grab)
Posted in Business

PSU Bank stocks decline after govt denies any proposal to raise FDI limit in PSU banks| Business News

The government is not considering a proposal to increase the FDI limit for PSU banks, MoS Finance Pankaj Chaudhary said in the Parliament on Tuesday….

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The finance ministry has been for the past couple of months discussing with the RBI the matter of raising the FDI limit for PSU banks. (Livemint)
Posted in Business

India plans to hike FDI limit for PSU banks to 49% amid flurry of M&A deals| Business News

India is planning to raise the FDI limit in public sector banks to up to 49% amid a flurry of M&A deals in the private…

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Posted in Economy

India aims for two PSBs on world top 20 list by 2047

NEW DELHI: India will aim to have at least two public sector banks (PSBs) among the world’s top 20 by 2047, aligned with the Viksit…

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Posted in Economy

FinMin for creation of two globally competitive banks as part of Viksit Bharat vision

India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of…

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