privatisation of public banks

People familiar with the matter have reported that the government still has not gotten the green light from the parliament to put into action the required changes in law needed to start the transaction. In the Union Budget meet on…

The privatisation of two state-owned banks and one general insurance company could be shifted to the upcoming financial year. In the Union Budget meet on February 1, FM Niramala Sitharaman announced the government’s plan to conduct…

Privatization Of PSU Banks Should Stop: Employee Union With 1 Lakh Members Urge President Of India AIBOA has appealed to the President of India to advise the Council of Ministers to rescind the proposed moves to privatize two public…

Employees of BOM and IOB are allegedly looking out for new jobs in bigger banks like SBI. In her Union Budget speech on February 1, FM Niramala Sitharaman announced the government’s plan to conduct privatisation of two more public…

The government announced plans to privatise two public-sector banks in its budget The proposal to privatise two state-owned banks in the current fiscal year, which ends in March 2022, could suffer delays, according to Fitch Ratings, as…

2,118 Branches Of 10 Govt Banks Closed Down Or Merged In Last 365 Days; Employee Union Condemns In the massive consolidation drive of August 2019, ten public sector banks were merged into four, bringing down the total count from 27 to…

The government of India (GoI) along with LIC will dilute a certain extent of their stakes in IDBI Bank after consultation with RBI. The Cabinet Committee on Economic Affairs (CCEA) has approved for IDBI Bank to be disinvested to private…

Bank unions threaten to conduct more strikes, shall the government not drop the privatization process. On March 15 and 16, about 10 million bank employees participating from nearly 9 bank unions conducted a two-day bank strike, in…

All the changes in banking services you must know before April 1, 2021. In the massive consolidation drive of August 2019, ten public sector banks were merged into four, bringing down the total count from 27 to 12. While bank…

Nationwide bank strike for two days, March 15 and 16. In response to the Finance Minister’s Union Budget (2021) announcement of privatisation of two more public sector banks, the bank union body United Forum of Bank Unions (UFBU) has…