PSB

Govt Still Undecided On Privatisation Of These 2 Govt Banks; Unauthorised Use Of 'Banks' Banned The Indian banking sector is under overhaul in recent years. It has witnessed heavy NPAs and Mergers of various Public Sector Banks. It is…

It was resolved at Rs 1,61,820 crore resulting in a loss of Rs 2,84,980 crore. Public sector banks have lost nearly Rs 2.85 lakh crore owing to loan dues of 13 corporates. How It Happened The losses rained down even though banks…

Ongoing deliberations are concerned with the repealment of Banking Companies (Acquisition and Transfer of Undertakings) Acts of 1970 and 1980 (nationalisation Acts). The government will be making amendments to laws in order to move…

For the first phase of privatization, government may zero in on at least two public sector banks (PSBs). Even in order final the names of potential candidates for privatisation, a meeting will be held between senior officials of the…

SBI, PNB, Bank of Baroda Won't Be Sold To Private Firms; These 6 Govt Banks Kept Out Of Privatisation Amidst the ongoing two-day nationwide bank strikes, conducted by bank unions and employees, opposing the finance ministry’s decision…

First list about 12 public sector undertakings (PSUs) to be privatised has been submitted by NITI Aayog, a body headed by the prime minister. A top government official said that the submitted list will be considered by the…

The Government has had made grand plans of disinvestment of public sector banks, recently through the announcements during the Budget 2021-22 made by Finance Minister Nirmala Sitharaman. Apparently, banking unions are not particularly…

The Government will infuse a sum of Rs 20,000 crore in public sector banks, to help them recover from the financial standstill that has affected banks amidst the coronavirus pandemic. The government finally seeked the Parliamentary nod…

5 major public sector banks, including SBI and PNB are ready to sell their shares to institutional investors for bolstering their capital base. Public sector banks have been the hot shot of the hour. Not only have they been on the…

Fake Whatsapp Forward: Privatisation Of Govt Banks Will Endanger Your Savings Social media has a massive impact on not just our physical lives but also our mental ones. What we see or read, we mostly consider it to be true. This has…