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Latest Articles in psu banks
These 2 Banks To Be Privatised Soon, Names Shortlisted
The government is set to remove the 20 per cent cap on foreign ownership in PSU banks (PSBs) by amending the Banking Regulation Act
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PSU Bank Employees Go On Two-day Strike; Services Hit At Many Places
Employees of public sector banks went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country
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PSU Banks Likely To Get Capital Support In Q4 To Meet Regulatory Needs
The capital position of banks would be reviewed in the next quarter, and depending on the requirement, the infusion will be made to meet the regulatory needs.
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Niti Aayog Submits Names Of PSU Banks To Be Privatised To Core Group Of Secys On Disinvestment
Niti Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22.
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Several PSU Banks Fill Posts Of Executive Directors
The government through a notification dated March 9, 2021 has appointed Monika Kalia, Swarup Dasgupta and M Karthikeyan as executive directors of Bank of India, the lender said in a regulatory filing.
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PSU Banks On-board 1-Cr Account Holders On Digital Payment Modes In A Month
The campaign, aimed at encouraging customers to use digital banking channels, was launched on August 15 under the aegis of the government''s Digital India initiative.
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Govt May Trim PSU Ownership Below 51% As It Plans To Sell
The official explained that the Cabinet had in the past decided to own at least 51 percent in PSUs and it is the Cabinet itself which will now have to take a call on going down below the level.
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PSU Banks Rescue Jet Airways
Few would have thought that India’s pioneering private airline would end up as a de facto nationalised airline, its future in the hands of PSU banks
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How Fintech Will Change The Way PSU Banks Operate In 2019
PSU Banks will adopt an agile outlook for applications in niche areas including the biggest of them all – credit creation. In corporate banking, fintech can address issues related to new market entry, security and regulatory compliance amongst others
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PSU Bank Stocks Hammered As Merger Announcement Fails To Enthuse
The merger, largely expected to reduce costs and improve banking efficiency, seems to have ruffled a feather with the market participants as the Nifty PSU Bank index lost significantly (-5.44) as compared to the broader market Nifty, which lost a just 98.85 points, or 0.87%
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PSU Bank Privatization: Do It While You Can
While many are trying to convince the government that they sell stake in these banks, the bigger question really is this - will there be any buyer at all
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Arun Jaitley-led Panel May Direct Banks To Examine Merger Proposal
The proposals received from banks for in-principle approval to formulate schemes of amalgamation will be placed before the AM. A Report on the proposals cleared by AM will be sent to the Cabinet every three months
Read MoreGovt To Infuse Rs 2.11 Lakh Crore Into PSU Banks Over 2 Years
Under Indradhanush roadmap introduced in 2015, the government had announced to infuse Rs 70,000 crore in state- run banks over four years to meet their capital requirement in line with global risk norms, known as Basel-III
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ACC, BoB & Tata Power To Move Out Of Nifty 50 from Sep 29
ACC Ltd, Bank of Baroda, Tata Power and Tata Motors Ltd DVR will move out from the NSE's benchmark Nifty 50 index from September 29.
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Arun Jaitly To Review Performance Of PSU Banks, Financial Institutions On 12 June
Finance Minister Arun Jaitley willmeet heads of public sector banks and financial institutions on June 12 to discuss issues related to rising bad loans, interest rate reduction and credit flow to various sectors
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