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18 PSU banks failed to meet target of setting ATMs

Last Updated: Sunday, June 15, 2014, 11:50

There are roughly about 1.4 lakh ATMs of public and private sector banks in the country.

SEBI's board to consider market reforms this week

Last Updated: Sunday, June 15, 2014, 10:25

SEBI also plans to replace the 'closing price' norm with 'volume weighted average price' in the pricing formula for preferential issues.

SEBI seeks parity for pension funds; wants PSU cash in MFs

Last Updated: Sunday, June 08, 2014, 19:55

To help channelise more funds for long-term investment purposes, capital market regulator SEBI has suggested to the government that it allow all PSUs to park their surplus cash in mutual funds, and has sought a uniform tax treatment for all pension funds.

SEBI proposal can help govt get Rs 50k-cr via PSU stake sale

Last Updated: Sunday, June 01, 2014, 12:23

SEBI Chairman U K Sinha said an increase in public float of listed PSUs would help deepen the markets and bring in parity with the private sector entities.

No decision on AI privatisation in haste: Pusapati

Last Updated: Thursday, May 29, 2014, 20:49

There will be no hasty decision on privatisation of Air India, Civil Aviation Minister Ashok Gajapathi Raju Pusapati indicated.

DoD suggests strategic sale for non-core PSUs

Last Updated: Thursday, May 22, 2014, 18:37

The new government could look at the possibility of strategic sale of state-owned enterprises in the non-core sectors like steel and cement, the disinvestment department said in its presentation to the Cabinet Secretary.

Market share of PSU banks to fall to 60% by 2025: Report

Last Updated: Wednesday, May 21, 2014, 15:45

Currently there are over 27 public sector banks, over 15 private sector lenders and 30 foreign banks in India.

PSU banks need to free themselves from govt influence: Raghuram Rajan

Last Updated: Tuesday, May 20, 2014, 19:46

Pitching for greater operational flexibility to public sector banks, Reserve Bank Governor Raghuram Rajan on Tuesday said they can become more competitive by distancing themselves from government influence.

State-run banks gain on RBI panel report

Last Updated: Wednesday, May 14, 2014, 12:40

Shares of state-run banks on Wednesday rose by as much as 5 percent after an RBI panel report said the government should reduce holdings in PSU lenders to under 50 percent.

RBI panel for diluting govt stake in PSBs below 50%

Last Updated: Tuesday, May 13, 2014, 22:36

The government should cut its holding in public sector banks to under 50 percent, an RBI panel report on Tuesday said, criticising the way in which the lenders are being currently governed.

PSBs to need upto Rs 5.87 tn in new capital to meet Basel-III

Last Updated: Tuesday, May 13, 2014, 21:55

State-run banks will require up to Rs 5.87 trillion in core capital by March 2018 as they migrate to the capital intensive Basel-III framework, an RBI panel said Tuesday.

FM asks banks to be tough on wilful defaulters

Last Updated: Tuesday, May 13, 2014, 19:51

Exhorting public sector banks to take tough action against wilful defaulters, Finance Minister P Chidambaram on Tuesday said a situation where "promoter is prosperous but company is sick" is not acceptable.