Tag: public sector banks
Over 1 lakh guarantees totalling Rs 48,484 cr issued under ECLG scheme since May 5: FinMin
The number of guarantees issued under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has crossed 1 lakh, with the total amount reaching Rs 48,484…
Finance Minister to review flagship schemes with state-owned banks, RRBs in West Bengal: Sources
New Delhi, Finance Minister Nirmala Sitharaman will soon review the implementation of various flagship schemes, including Jan Dhan, Mudra and PM Vishwakarma, with public sector…
Finance Ministry to review PSBs performance today, Secretary Nagaraju will chair high-level meet
The Department of Financial Services (DFS) will convene a comprehensive review meeting of Public Sector Banks (PSBs) today, with Financial Services Secretary M. Nagaraju chairing…
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation,…
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…