PSU Banks

Govt Wants To Sell PSU Banks To Foreign Investors, NBFCs Like Bajaj Finance, Shriram Capital Reportedly, the Centre and the Reserve Bank of India (RBI) are having discussions over a special framework for facilitating privatization of…

Private Firms Will Buy Central Bank of India and Indian Overseas Bank? Suggestions After High Level Meeting A high-level panel led by the cabinet secretary briefly collaborated to work out numerous regulatory and administrative concerns…

Govt Bank Employees Threaten Indefinite Strike Over Privatization, Job Security Privatisation of the state-run banks has forced the bank employees to worry about their jobs. Though the government has not named any further names but…

SBI asks its customers of beware of fraudsters contacting them for loans, from a fake company. The country’s largest commercial bank, State Bank of India (SBI) has notified its customers of rounds of fraudulent loan offerings…

No Reservation In Jobs After Privatisation Of Govt PSUs Like Bharat Petroleum, Banks Looks like the first step towards the elimination of caste-based reservation has been taken - The Centre has allowed private investors to do away with…

Govt Of India Will Give Rs 14,500 Crore To These Loss-Making PSU Banks; Find Out Why? To boost the financial health of banks under the RBI's prompt corrective action (PCA) scheme, the Finance Ministry is expected to infuse Rs 14,500…

The government will make amendments to Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 to ease its privatisation bids for its public…

Govt Will Sell 96% PSUs To Private Companies; Only 12 PSUs Will Remain Under Govt Control According to the new policy, the government may reduce the number of public sector enterprises to just around two dozen, compared to the 300 at…

One-Rank One-Pension For All Govt Bank Employees? Family Pension Can Be Introduced A new one-rank, one pension (OROP) scheme is under discussion for the retired PSU bank employees, wherein everyone who retires in the same rank will get…

Govt Will Sell 100% Stake In PSU Banks To Private Firms; Will Give Full Control To Private Firm By Complete Exit New reports have suggested that the Central Government is planning to sell all of its stake in the public sector banks. …