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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.

RBI permits foreign banks' subsidiary to acquire pvt banks

Last Updated: Wednesday, November 06, 2013, 21:08

The Reserve Bank of India Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.

RBI for diluting govt stake in PSU banks to ease fiscal burden

Last Updated: Tuesday, August 27, 2013, 21:26

Government may consider reducing its stake in state-run banks to even below 51 percent as an option for raising funds and easing fiscal burden, RBI said in a discussion paper released Tuesday.

Govt to infuse Rs 15K cr capital in PSU banks by March 2013

Last Updated: Saturday, December 22, 2012, 22:56

The government would inject Rs 15,000 crore capital in state-owned banks by March 2013 with an aim to help them expand business, Finance Minister P Chidambaram said here Saturday.

FM to meet heads of PSU banks today

Last Updated: Thursday, November 15, 2012, 09:18

The broad agenda of the meeting include review of first half numbers, deteriorating asset quality, credit growth, official sources said.

FM to meet heads of PSU banks on Thursday

Last Updated: Wednesday, November 14, 2012, 18:12

The broad agenda of the meeting include review of first half numbers, deteriorating asset quality, credit growth, official sources said.

Banks Q1 seen mixed; private sector to outperform

Last Updated: Friday, July 15, 2011, 18:28

Top lender State Bank of India will likely be alone among major Indian banks to post a fall in profit for the June quarter, on slower credit growth and higher provisions, but margins for most banks may shrink on higher deposit rates.