Tag: public sector banks
India weighs up to 49% foreign stake in PSU banks including SBI to fund growth| Business News
India is considering allowing foreigners to own up to 49% stake in its public sector banks as policymakers seek to bolster capital at these lenders…
IBC has been a game-changer, transformed the insolvency landscape: DFS secretary
The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute…
India needs 8-10 large banks to support GDP growth, Axis Bank CEO says| Business News
India will need “at least eight to 10” large banks to support economic growth as consolidation gathers pace across the sector, Axis Bank Chief Executive…
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…
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….
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…
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…
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…