Ministry Of Finance

Privatization Of IDBI Bank Starts Soon, Govt Will Sell Its 47.11% Stake To Private Firms; IDBI Bank Earned Rs 326 Cr In Q2-2020 The Government of India is planning on selling the stakes in the Industrial Development Bank of India (IDBI)…

Several PSUs Will Be Shut Down; Even Those Which Are Up For Sale, Disinvestment The Government may shut down the public sector units (PSUs) even if they have been ‘approved for strategic divestment on case to case basis’. Read on…

The Ministry of Finance responds on the circular issued by Department of Expenditure, on Congress backlash. Some days back, the Department of Expenditure, a body under the Ministry of Finance released a circular, which spoke about a…

These 4 PSU Banks Will Be Sold To Private Firms Before March 2021; PMO Intervenes The Centre has asked the officials to hasten the privatization process of at least 4 primarily state-owned banks within FY 2020-2021, according to two…

#Coronavirus: ICICI, HDFC, SBI, Axis, BoB Roll Out These Facilities For All Customers The Ministry of Finance has provided new facilities so that bank customers can stay at ease and in their homes, to help people keep new Coronavirus at…

Bank Employees Banned From Flash Strikes; 14 Days Notice Mandatory For Bank Employees If They Wish To Strike! Amidst the heat of Public Sector bank (PSB) consolidations going on, the government has gained confidence that…

As per a recent decision made by Ministry of Finance, India Post Payments Bank will now merge with the massive network of 1.5 lakh post offices, across India. This will make India Post India’s largest banking network. SBI, which is…

IRCTC has decided to waive off MDR charges for all debit card transactions on their platform, for booking eTickets. Transactions till Rs 1 lakh would be covered, which translates to more than 99% of all tickets booked. Cheers, because rail…

After several credible and traditional news publications had shared reports that free banking services in public sector banks shall cease to exist after 20th January 2018, the Indian Banks’ Association (IBA) has clarified that no such thing…