Tag: public sector banks
Finance Ministry asks PSU banks to take steps to meet loan targets for agri-allied sector
The finance ministry has asked public sector banks (PSBs) to meet loan targets for the agri-allied sector during the current financial year. Department of Financial…
Credit growth outpacing deposit growth could lead to liquidity challenges: Report
Credit growth is outpacing deposit growth, which could lead to liquidity challenges for the banking system, a report said on Tuesday. Raising deposits to keep…
Finance Minister Nirmala Sitharaman: FM Sitharaman asks PSBs to push deposit drive by taking ‘concerted efforts’ following RBI’s consistent warnings
Finance Minister Nirmala Sitharaman chaired a meeting to review performances of Public Sector Banks in Delhi on Monday. The meeting was also attended by Dr…
public shareholding norms: Government extends deadline for meeting MPS norms till Aug 2026
The government has extended the deadline for meeting minimum public shareholding norms for central public sector enterprises and public sector financial institutions till August 2026….
Adda247: Edtech startup Adda247 facilitates first ever Esop buyback
Google-backed edtech startup Adda247 on Monday announced its first ever employee stock ownership plan (Esop) buyback for 130 employees across various roles and functions. “The…
Finance ministry steps up capex scrutiny on front-loading funds to states
After front-loading tax devolution and funds for capital expenditure to states, the finance ministry is keeping a close watch on the utilisation of the funds…
India’s rating upgrade hinges on sustainable fiscal consolidation, low inflation – S&P analyst
S&P Global Ratings could consider an upgrade in India’s sovereign rating if the country’s fiscal metrics improve on a sustained basis and inflation is persistently…
Bank holidays in July: Banks to remain closed for 15 days. Check full list
Public and private sector banks will remain closed for 15 days in July due to different festivals being celebrated in particular states. The Reserve Bank…
dividend payout: PSBs want lower FY23 dividend payouts, look to shore up capital
State-owned banks have urged the government to lower their dividend payout for this financial year as they are looking to shore up their capital, said…
Finance Ministry exhorts banks to achieve targets of social security schemes for FY’23
The Finance Ministry on Thursday asked banks to achieve targets given under the flagship financial inclusion and social security schemes for the current financial year….