August 25, 2021 3:36 pm
Ease 4.0 Launch Latest News, FM Nirmala Sitharaman Press Conference Today: Finance Minister is on a two-day visit to Mumbai where she met chiefs of public sector banks (PSBs) and undertook the annual performance review of these lenders.
July 14, 2021 3:18 am
He stressed on the need to push subsidy reforms and improve the quality of public expenditure. Somanathan clarified that his remarks were in his personal capacity and did not reflect the views of the government of India.
May 29, 2021 11:32 pm
Public sector and private sector banks recorded 3.6 per cent and 9.1 per cent credit growth, respectively, whereas lending by foreign banks declined during 2020-21, RBI data showed.
March 26, 2021 7:54 am
Many parts of the country, mostly from Maharashtra, are seeing a massive surge in Covid infections, roiling the equity and bond markets. GDP growth had contracted 23.9 per cent in the June quarter of 2020-21 when Covid hit the economy hard.
March 16, 2021 1:59 pm
Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted.
March 13, 2021 4:51 am
The government has also indicated that it’s ready to infuse more capital into these banks to improve their financial position.
March 15, 2021 8:15 am
Bank Strike on 15 and 16 March: The United Forum of Bank Unions (UFBU), which is an umbrella body of nine bank unions, has called for a two-day strike starting from March 15. This, along with two bank holidays on March 13 (second Saturday) and March 14 (Sunday) would translate to a four-day break in the regular banking operations.
March 09, 2021 8:58 am
While India warms to the idea of bank privatisation, a public bank movement is in vogue in the US. Critical to both is getting the optimal mix of financial inclusion and lending.
February 24, 2021 8:23 am
In a letter to public sector banks, the Ministry of Housing and Urban Affairs has noted that “sanctions and disbursements” of loans for street vendors, as part of a scheme instituted during the Covid-19 lockdown last year, have “slowed down”.
August 27, 2020 6:42 pm
In an advisory, the Department of Financial Services has asked Public Sector Banks (PSBs) to consider putting in place a mechanism for monitoring the cases which may require initiation of individual insolvency process before the National Company Law Tribunal (NCLT) against personal guarantors to corporate debtors.
May 31, 2018 7:31 pm
The two-day strike across the nation affected banking operations, and caused inconvenience to customers given it came during the month-end.
April 12, 2016 10:52 pm
February 29, 2016 4:47 pm
New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley while presenting the Union Budget 2016-17 said they were confronted with stress assets problem in public sector banks. He said that public money should reach the poor and deserving without any leakage. A bill on targeted delivery of financial services using Aadhar is also to be introduced. Jaitley also said that prudence lied in adhering to fiscal targets. He also increased allocation of Rs 1, 80,000 crores under PM MUDRA Yojana. He further added that fiscal deficit for fiscal 2016-17 have been targeted at 3.5 percent. Revenue deficit estimate for Financial Year 2015-16 has been down to 2.5 percent from earlier estimates.