Public Sector Banks News

FM Sitharaman urges banks to extend assistance to the fintech sector

FM Sitharaman urges banks to extend assistance to the fintech sector

Mumbai: Union finance minister Nirmala Sitharaman, on her 2nd day in Mumbai, met heads of public sector banks (PSBs) on Wednesday in order to review the financial performance of the lenders and progress made by them in supporting the pandemic hit economy. This is the first visit to the city

FM Nirmala Sitharaman to meet heads of public sector banks on Aug 25

FM Nirmala Sitharaman to meet heads of public sector banks on Aug 25

New Delhi: Finance Minister Nirmala Sitharaman is scheduled to meet CEOs of public sector banks (PSBs) on August 25 to review financial performance of the lenders and progress made by them to support country’s economy battered by COVID-19 pandemic. Given the importance of the banking sector in generating demand and

Government postpones sale of public sector banks till next year

Government postpones sale of public sector banks till next year

New Delhi: India’s plan to sell the two state-controlled lenders may be postponed to the next financial year as the government is yet to seek Parliament’s nod to make necessary laws changes. Initiate the transaction according to people familiar with the matter. The finance ministry has not finalized the modalities

NITI Aayog decides on names of public sector banks for privatisation

NITI Aayog decides on names of public sector banks for privatisation

New Delhi:The Niti Aayog on Thursday submitted the list of selected state-owned banks which are to be privatized in the current fiscal year to the Core Group of Secretaries on Disinvestment. The government think tank has been entrusted with the task of selection of names of two public sector banks

Interest of all Bank workers will be protected, assures FM Sitharaman

Interest of all Bank workers will be protected, assures FM Sitharaman

New Delhi: Following strong criticism from opposition leader Rahul Gandhi against BJP-led central government’s privatisation policy, Union Finance Minister Nirmala Sitharaman  on Tuesday assured the protesting bank unions and the opposition that not all banks will be privatise and the interest of such bank workers will be protected by the