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FinMin examining issues concerning merger of PSU banks: Sandhu

Last Updated: Saturday, July 12, 2014, 17:54

Finance Ministry on Saturday said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.

Government likely to infuse Rs 500 crore to revive ITI

Last Updated: Wednesday, July 09, 2014, 01:15

The government is likely to infuse Rs 500 crore in the ailing ITI Ltd, earlier known as Indian Telephone Industries Ltd, in a bid to revive the public sector undertaking (PSU).

No proposal to dilute govt ownership in PSBs below 50%: Govt

Last Updated: Tuesday, July 08, 2014, 19:21

The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.

Hyundai launches special discount for government employees

Last Updated: Saturday, June 28, 2014, 19:21

Hyundai Motor India has started a scheme to give central and state government employees a special discount on purchase of its vehicles.

Bank unions protest over Nayak panel report

Last Updated: Friday, May 23, 2014, 19:13

Demanding withdrawal of the P J Nayak Committee report recommending total privatisation of public sector banks, various bank unions on Friday held demonstrations in Kerala.

PSU banks to get add'l capital infusion of Rs 8,000 cr

Last Updated: Tuesday, May 13, 2014, 17:27

The government is likely to infuse additional capital of up to Rs 8,000 crore in public sector banks in the current fiscal to expand their capital base.

State-run banks defer fund-raising via QIP on uncertain market

Last Updated: Sunday, May 04, 2014, 13:10

Public sector banks, which delayed their qualified institutional placement (QIP) issues last year due to weak market conditions, are still not confident of the market response and say that they will wait for another few months to do so.

Indian Bank revises interest rates

Last Updated: Friday, May 02, 2014, 17:51

Public sector lender Indian Bank has revised the term deposit interest rates on foreign currency non-resident (banking) with immediate effect.

Private banks shun ARC route to offload bad assets

Last Updated: Sunday, April 27, 2014, 13:51

Even as the public sector banks have made a beeline to dispose of their bad loans to the asset reconstruction companies (ARCs) in the March quarter, private banks are not only unenthused in adopting this route, but have virtually shunned this.

Finmin rejects RBI's proposal to bifurcate CMD's post in PSBs

Last Updated: Tuesday, April 08, 2014, 21:31

The Finance Ministry has turned down the Reserve Bank's proposal to bifurcate the post of Chairman and Managing Director in public sector banks saying this position doesn't enjoy absolute powers as is being claimed by some international experts.

Competition Commission rejects complaint against SBI

Last Updated: Thursday, April 03, 2014, 17:40

Fair trade watchdog CCI has dismissed allegations that public sector lender SBI abused its dominant market position by imposing unreasonable and unfair conditions on car loan borrowers.

RBI meets select bankers ahead of policy

Last Updated: Tuesday, March 25, 2014, 19:24

The Reserve Bank on Tuesday met a select group of public sector and foreign banks ahead of the forthcoming bi-monthly policy meet early next week.